Gosikhurd Project Cost Rises to Rs 259.73 Billion After New Approval

26 Apr 2025 CW Team

The Maharashtra cabinet has sanctioned the fourth administrative approval for the Gosikhurd National Project, raising the total project cost to Rs 259.73 Bn. The project is set to benefit 1,96,600 hectares of farmland in Nagpur, Chandrapur, and Bhandara districts.

Initially approved in March 1983, the Gosikhurd Irrigation Project aimed to create irrigation potential for 2,50,800 hectares annually. It includes the construction of an earthen dam, a spillway, Left Bank and Right Bank Canals, nine Lift Irrigation Schemes, and augmentation of the Asolamendha tank. The project, declared a National Irrigation Project in 2009, was inaugurated by former Prime Minister Rajiv Gandhi in 1984.

The project’s original cost was Rs 3.72 Bn, revised successively to Rs 5.66 Bn, Rs 7.78 Bn in 2007, Rs 13.74 Bn in 2012, and Rs 18.5 Bn in 2016. The Vidarbha Irrigation Development Corporation is implementing the project, located at Gosikhurd on the Wainganga river within the Godavari basin.

The scheme will provide water for irrigation, drinking, industrial use, fisheries, and hydropower generation. It also forms part of the Pradhan Mantri Krishi Sinchhan Yojana.

Separately, the cabinet approved Rs 42.07 Bn for the construction of a four-lane elevated road and a six-lane ground road between Talegaon, Chakan, and Shikrapur in Pune district.

Source: Express News Service

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..