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Infra

Srei mainly borrows money from banks and other lenders for deployment of funds towards financing for asset creation for its customers

Srei Infra to focus on deleveraging balance sheet; stepping up recoveries to reduce stress on books

Sep 12, 2021

The pandemic induced lockdown put pressure on the financials of the company, causing asset-liability mismatch, resulting in a record net loss of Rs 7,338 crore in 2020-21.

The launching equipment, which is indigenously designed and manufactured Larsen & Tuobro (L&T) at Chennai, has a capacity of 1100MT

Ashwini Vaishnaw flags off transporter to expedite Mumbai-Ahmedabad High Speed Rail construction

Sep 10, 2021

The aim of this transporter is to expedite the construction of viaduct for Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor

Anarock was formed by Puri in April 2017 after serving as a country head in a global real estate consultancy firm for a decade

Anarock targets 50% revenue growth in FY22 to about Rs 450 cr on housing demand recovery

Sep 05, 2021

Mumbai-based Anarock had clocked an 18 per cent growth in its revenue at around Rs 305 crore during the 2020-21 financial year despite the pandemic

 As per the CII and Anarock survey, ready-to-move-in (completed) property remains a preferred option among the potential buyers with 32% in its favour

Nearly 80% homebuyers want to buy ready, nearing completion flats: CII-Anarock survey

Sep 03, 2021

As per a survey carried out by the Confederation of Indian Industry (CII) and Anarock, the COVID pandemic has altered homebuyers' preferences significantly, with the second wave being a significant change catalyst

The firm has added over 1,500 construction workers during the pandemic, taking its overall headcount to over 5,000 now

Tata Realty to invest Rs 4,000 cr in residential, commercial projects

Aug 22, 2021

The Tata Group firm, which focuses on residential, commercial and retail properties in the realty space and large infrastructure projects, is witnessing higher demand, especially for ready-to-move-in residential units now

Of 1,781 of the 150 infra projects, 483 showed cost overruns while 504 were delayed

483 infra projects hit by cost overruns worth Rs 4.43 lakh cr

Aug 22, 2021

The expenses incurred on the said projects till July 2021 stood at Rs 13,22,515.87 crore, or 48.5% of their anticipated costs, according to a report by the Ministry of Statistics and Programme Implementation

An agreement in this regard was signed between the Government of India and the ADB on Thursday

ADB to provide $500 mn loan for expanding Bengaluru metro rail network

Aug 19, 2021

The project will construct two new metro lines, mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations, ADB said in a release

The court had asked for the appointment of a valuer to ascertain the true value of these properties. (Source:PTI)

Over 9,500 unclaimed Amrapali flats may be resold as SC orders final notice be given to buyers

Aug 15, 2021

The top court posted the matter for further hearing on August 27 and said that all pending issues will be taken on that day

Amrapali Group directors Anil Kumar Sharma, Shiv Priya and Ajay Kumar are behind bars on the top court's order

Unclaimed Amrapali flats likely to be resold as SC to give final notice to buyers

Aug 14, 2021

The top court said that it will direct that a 15-day notice be issued to the 9,538 buyers to update their registration and make payments, failing which these units would be considered unsold and auctioned off.

Union Road Transport and Highways minister Nitin Gadkari

Nitin Gadkari pitches for using RBI's rising forex reserves to fund infra projects

Aug 11, 2021

The country's foreign exchange reserves surged by $9.427 billion to a record high of $620.576 billion in the week ended July 30, according to the latest RBI data.

IIFL to offer technical assistance for green housing

IIFL, Asian Development Bank to support, foster green housing in India

Aug 11, 2021

IIFL will coordinate, support, direct and monitor the activities under the technical assistance programme