MoHUA Approves Rs 15.01 bn Urban Infra Projects For Visakhapatnam

21 May 2026 CW Team

The Ministry of Housing and Urban Affairs (MoHUA) National Apex Committee (NAC) has accorded in-principle sanction to three major Urban Challenge Fund (UCF) projects worth Rs 15.0103 bn for Visakhapatnam aimed at underground drainage, round-the-clock drinking water supply and automation of the city's water distribution system. The approvals were granted at the NAC meeting in New Delhi on May 11 and the proposals were submitted by the Greater Visakhapatnam Municipal Corporation (GVMC) and the Greater Visakhapatnam Smart City Corporation Limited (GVSCCL). GVMC commissioner and GVSCCL managing director Ketan Garg said the portfolio covers the Madhurawada growth corridor and adjoining zones.

Under the UCF scheme MoHUA will provide a grant of Rs 3.7526 bn, accounting for 25 per cent of the total project cost, with the remainder to be met through loans and municipal contribution. Loans are expected from the International Finance Corporation (IFC), Canara Bank and Indian Overseas Bank and the GVMC will contribute to the balance of funding. The proposals had been vetted and approved by the State Level High Power Committee chaired by Chief Minister N Chandrababu Naidu and including the Municipal Administration and Urban Development Minister P Narayana and Principal Secretary S Suresh Kumar.

The Madhurawada underground drainage scheme is estimated at Rs 6.5861 bn and will be financed through a 75 per cent IFC loan with the remaining 25 per cent met by the UCF grant. The project will construct a 401-km sewer network and a 20 MLD sewage treatment plant based on Sequential Batch Reactor (SBR) technology with tertiary treatment capability. Household sewer connections will be provided across the growth corridor to improve sanitation and environmental outcomes.

The round-the-clock water supply is estimated at Rs 7.2518 bn. It will include a 65 MLD plant and AMI smart connections. Automation is estimated at Rs 1.1724 bn overall.

Infrastructure Urban

17 Jun 2026

Adani Project to Redevelop Dharavi and Unlock Major Value

The Adani-led Dharavi redevelopment is presented as one of Asia's largest urban renewal schemes and aims to convert the settlement into a smart city precinct and transport hub while rehabilitating 0.125 million (mn) housing units for more than 1.0 mn residents, according to an HSBC report summarising a panel at the Adani Annual Conference 2026. The report frames the initiative as combining large-scale housing provision with planned public amenities and commercial inventory to raise living standards and unlock formal homeownership. HSBC highlights a substantial commercial opportunity with about..

TCS Renews 1.5 Million Sq Ft Chennai Lease Worth Rs 14,200 mn

Tata Consultancy Services (TCS) has renewed a lease for 1.5 million sq ft of office space in Chennai and committed Rs 14,200 million (mn) in rentals over 10 years. The transaction secures a major corporate footprint in the city and reinforces the company's long-term occupancy plans. The renewal aligns with the company's strategy to maintain substantial physical capacity in major regional hubs. The decision follows internal assessments of space utilisation and long-term operational needs.\n\nThe lease renewal covers a substantial campus area and is intended to support the firm's delivery operat..

Embassy Developments Targets Rs 80 bn Pre Sales In FY27

Embassy Developments said it is targeting Rs 80 billion (Rs 80 bn) of pre-sales in 2026-27 as housing demand remains strong across major cities and the company seeks to capitalise on market momentum. The managing director indicated that the firm recorded a 128 per cent rise in sales bookings in 2025-26 to Rs 46.31 bn, which was slightly short of its annual guidance but reflected robust consumer interest. The company reported that demand is particularly resilient for well-designed and high-quality residential properties sold by branded developers with proven execution. The target includes sales..