After the success of its first residential project in Chennai – Mantri Synergy, Mantri Developers launches their new project Mantri Navaratna located at Chromepet.
The real estate business has always been known for the source of black money, with housing projects accounting for a significant share. The measures to curb black money generation have either been non-existent or seldom adhered to.
Mumbai based real estate and infrastructure player Neev Group has bagged the tender for construction of a state-of-the-art Goa Renewable Energy Education Park (GREEP) and a marketing hub (handicrafts mall) in Margao from the Goa State Infrastructure Development Corporation.
Real estate major Nirmal Lifestyle has inked a 10-year licensing deal with International Association of Athletics Federations (IAAF), the governing body for athletics worldwide, to develop athletics in India and encourage greater participation in the sport.
A blog post on the Harvard Business Review website recently challenged readers across the world to design a house that could be constructed for less than US $ 300. Initially a conceptual argument by bloggers Vijay Govindarajan and Christian Sarkar, the hypothetical idea of a house constructed for under US $ 300 received an overwhelming response and they began to bring together a collective of thinkers, designers and investors from around the world.
Last month, China opened the world’s longest cross-sea bridge. The Jiaozhou Bay bridge is 26 miles (42 kilometers) long and links China’s eastern port city of Qingdao to the island of Huangdao.
As part of a major privatisation drive, India is all set to give away a record 7,300 kms of road building contracts worth around US $ 12 billion. This will make developers more interested in taking on projects. Further foreign investors will also be eager to invest. These factors would mean an increase in investment in the road sector by 40 per cent next year. Additionally, it will also allow the country to meet the target of building 20 kms by 2014, boosting the country’s economic growth.
Infrastructure construction and development company HCC, in a joint venture with Alstom is awarded a prestigious contract worth Rs. 1843 crore from THDC India (THDCIL) to construct Tehri Pumped Storage Plant in Tehri, Uttarakhand.
Integrated infrastructure enterprise Lanco Infratech’s (LITL) EPC division bagged its first international EPC order in Iraq for AKAZ Power Plant of capacity 2 x 125 MW in Al‐Anbar Province.
Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate, bags an EPC Nuclear Power contract from NPCIL worth Rs. 678 crore for critical nuclear piping work at four Pressurised Heavy Water Reactors (PHWR) of 700 MWe (Mega Watt electric) each.
