Bengaluru Suburban Rail project: Rahee Infratech emerges as L – one bidder for work related to corridor 2
Karnataka Rail Infrastructure Development Company (K-RIDE) has declared Rahee Infratech Ltd as the lowest bidder (L-one bidder) for the contract related to corridor 2. The order involves track-laying work on 23.86 km of Corridor 2. Rahee Infratech placed a bid of Rs 103.92 for the project.
As per the tender, the scope of work involves supplying and installing ballastless tracks and other track elements (fastening system & turnouts) on its elevated viaduct, along with the installation of ballasted tracks at Soladevanahalli Depot in northwestern Bengaluru.
HDFC Capital plans to invest Rs 1,500 crore in partnership with Eldeco to build homes in small towns
Real Estate Private Equity Investment Manager HDFC Capital has plans to invest Rs 1,500 crore in Eldeco Group’s upcoming 18 residential projects across tier II-III cities with a total revenue potential of about Rs 11,000 crore.
HDFC Capital and Eldeco’s partnership aims to develop over 10 million square feet of housing in towns like Panipat, Rudrapur, and Ludhiana.
Blue Star plans to set new manufacturing plant in West Bengal
Leading Air Conditioner (AC) brand Blue Star has plans to set up a new manufacturing plant in Bengal after 2028. The firm is looking to expand its supply chain and increase the number of stores to grow its market in Bengal.
Maharaja Agrasen Airport: PM Modi lays foundation of new terminal building
Prime Minister Narendra Modi laid the foundation stone of the new terminal building at Maharaja Agrasen Airport in Hisar, Haryana. The terminal is built for Rs 410 crore and includes a State-of-the-art passenger terminal, a cargo terminal, and an ATC building.
The PM also flagged off a commercial flight from Hisar to Ayodhya.
Mumbai Makeover: MMRDA chalks USD 47 billion infrastructure plan
Mumbai Metropolitan Region Development Authority (MMRDA) has chalked out a plan to undertake a significant infrastructure and connectivity upgrade across the Mumbai region. This plan is a part of its alignment with NITI Aayog’s Growth Hub strategy.
It would take an investment of USD 47 billion or Rs 4.07 lakh crore over the next 5 years. A statement said that funding, secured through credit lines with Indian financial institutions, will fuel projects aimed at achieving ‘Mumbai in Minutes’ by enhancing urban transport, housing, and connectivity.
DLF to launch 3 new shopping malls in NCR and Goa
Real estate sector major DLF has plans to open 3 shopping malls in Goa, Delhi, and Gurugram in the current fiscal. Spread over a combined 14 lakh square feet space signals the firm’s confidence in the resurgence of organized retail post-pandemic.
130,000 sq ft industrial space leased by Steelcase in Pune
U.S.-based furniture and storage manufacturer Steelcase’s Indian arm has picked up around 130,000 sq ft of industrial space at IndoSpace Industrial Park in Pune’s Chakan. The firm’s wholly-owned subsidiary, Steelcase Asia Pacific Holdings India, has picked the land for over 5 years.
As per the agreement, there is a monthly rental of Rs 46.42 lakh and a 5% annual escalation.