Essar completes sale of port assets to Arcelor/Nippon

Dual Colour Plates Proposed for Hydrogen Vehicles

The Ministry of Road Transport and Highways has issued a draft notification proposing new dual colour registration plates for hydrogen powered vehicles, intended to promote green mobility and simplify roadside identification.Under the plan, private hydrogen cars would carry plates split horizontally: green on the upper half, blue below, with white letters and numerals. Commercial hydrogen vehicles would display the same green blue background, but with yellow characters, while hydrogen fuelled rental cabs would use black over blue with yellow figures.The proposal mirrors existing colour codes f..

Godrej Plans Rs 12.5 Billion Plotted Township in Panipat

Godrej Properties Ltd has entered the Panipat market with a 43 acre residential plotted scheme in Sector 40, its fourth such venture in North India. The land, bought at auction for about Rs 1.6 billion, will host roughly 9.5 lakh sq ft (1.02 million sq ft) of plotted development, offering around 420 plots. The company pegs the project’s revenue potential at more than Rs 12.5 billion.Managing Director and Chief Executive Officer Gaurav Pandey said the project aligns with the builder’s strategy of widening its plotted development footprint. “Haryana has long been a ..

Sobha To Invest Rs 8 Billion In Greater Noida Luxury Towers

Bengaluru based developer Sobha Ltd will invest about Rs 8 billion in a new luxury residential scheme in Greater Noida, expanding its footprint in the Delhi NCR market.Branded Sobha Aurum, the project comprises two towers of more than 45 storeys and 420 premium flats in Sector 36. Prices start at Rs 11.2 million for a one bedroom home, rising to Rs 34.8 million for a four bedroom unit. Select apartments feature private terraces and corner balconies.Sobha acquired the 3.46 acre plot for roughly Rs 1.6 billion at auction and expects total development outlay to reach about..