Bids from private and public sectors to operate 29 pairs of trains with around 40 modern rakes entailing an investment of around Rs 7,200 crore have been received.
The move to invest in InvITs will expand EPFO's options as it currently invests only in bonds, government securities, and exchange-traded funds.
The three projects, comprising developable and saleable area of around 4.5 million sq ft, are located in Gurugram and Greater Noida.
In its latest report, real estate consultant JLL India said that sales of residential properties stood at 19,635 units during April-June period of this calendar year
The company expects its expansion project at Panna, Madhya Pradesh to be completed in the next financial year, after which it would have a manufacturing capacity of nearly 20 MTPA.
"We are planning to launch a premium bungalow township. We had an old land bank in the city and now we are going to monetise these land banks," Emami Realty MD and CEO Nitesh Kumar said
Embassy REIT Chief Executive Officer Michael Holland said, "We commend this proactive initiative by the regulator to reduce the trading lots of both REITs and InVITs (infrastructure investment trusts)"
The consultant said there is a need for the development of commercial spaces, warehouses, and logistic parks, traveller facilities including wayside amenities along the highway
We are planning to launch a premium bungalow township. We had an old land bank in the city and now we are going to monetise these land banks, told Emami Realty MD and CEO Nitesh Kumar
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,768 such projects, 478 reported cost overruns and 525 were delayed
Beijing bagged the top spot in the list followed by Shanghai, Bengaluru, Shenzhen, and Singapore, according to a report by Colliers
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