Land acquisition to begin in two months for Noida airport's expansion

Piramal Funds Hyderabad Villa Project

Piramal Capital & Housing Finance has committed a substantial investment of nearly ?3 billion towards the ambitious villa development project spearheaded by Cybercity Builders & Developers in Hyderabad.

Cybercity Developers, in a strategic move, acquired land from Phoenix Group, a notable real estate entity. Notably, one of Phoenix Group's subsidiaries had previously procured the land from Gulf Oil India, a prominent company under the Hinduja Group umbrella.

The investment from Piramal Capital not only underscores confidence in Cybercity's project but also reflects the growing a..

RBI loan rules pose challenges for highway sector growth

The tightening of rules by the Reserve Bank of India (RBI) regarding the classification of loans for road projects is anticipated to have a significant impact on the highway sector. These regulations are perceived to pose challenges for developers and lenders alike, potentially affecting the pace of infrastructure development in the country.

The new guidelines from RBI mandate that loans extended for road projects will now be classified as 'commercial real estate' instead of 'infrastructure.' This reclassification brings road projects under a stricter regulatory framework, which could r..

Microsoft Acquires Land in Hyderabad for Data Centre

Microsoft has made a significant investment in India's digital infrastructure by acquiring land in Hyderabad for the construction of a data centre. The acquisition, valued at Rs 267 crore, underscores Microsoft's commitment to expanding its presence in the country's rapidly growing cloud computing market.

The decision to build a data centre in Hyderabad reflects Microsoft's confidence in the city's strategic location and infrastructure capabilities. Hyderabad, known as India's Cyberabad, is a major hub for technology and innovation, making it an ideal location for data centre operat..

Noida Airport to be linked by expressway, rapid rail, and pod taxi

The construction of Noida International Airport, also known as Jewar airport, was in its final stages, and passenger services were expected to begin in October. The airport would be linked by six roads and a rapid rail-cum-metro, in addition to pod taxis.

Upon completion, the Noida airport was projected to be the largest in India and the third in the National Capital Region (NCR) after Delhi airport and Hindon airbase in Ghaziabad.

A 31-km greenfield expressway was being built to connect the airport to the Delhi-Mumbai Expressway at Ballabhgarh.

The National Highway Aut..

Nagpur Airport: Mihan Dream grounded, vantage point lost

Nagpur's unique and strategic central location was once lauded for placing it on the nation's aviation map. It was hailed for its efforts in creating a harmonized air traffic management system with continuous airspace over the city, alongside establishing a centralized cargo hub. However, Dr Babasaheb Ambedkar International Airport is currently mired in apathy and has seemingly vanished from the national radar across various parameters, barely meeting the standards expected of a tier-2 city airport.

The airport, bearing its international tag, serves merely two flights to two foreign de..