The company said that High net worth individuals (HNIs) are looking to upgrade to more spacious homes with extra room, space for gym and fitness, open spaces like gardens, terraces, and balconies, in this post pandemic normal.
"The 19 km-long bridge will be built along National Highway 127-B and will feature a navigation bridge of 12.625 km, approach viaducts of 3.5 km on the Dhubri side and 2.2 km on the Phulbari side, connected with approach roads and interchanges on both sides," L&T said in a statement.
The government also announced a Rs 1.10 lakh crore platform for infra debt financing with a Rs 6,000 crore equity infusion in the National Investment and Infrastructure Fund to provide a boost to infrastructure financing.
Sales of construction equipment had dropped 60% in the fiscal first quarter. The recovery, both sequentially and year-over-year, in the July-September period has helped reduce the fall for the first half of the fiscal year to 35%, the association said without separately specifying the growth in the second quarter. For the ongoing fiscal 2021, it had predicted sales to decline 8-10% compared with the more than 75,000 units sold in the last fiscal year.
The funds to be disbursed through an agreement with India’s Ministry of Finance will be utilized to support two key mass transit projects in Mumbai. These projects are Metro line 4 from Wadala in central Mumbai to Kasarvadavli in Thane, and Metro line 4A that extends to the connectivity from Kasarvadavli to Gaimukh in Thane.
In Karnataka, REPL will formulate large scale geographic information system (GIS)-based master plans for three local planning authorities (LPAs) which include Vijayapura (525 sq km), Bagalkot (129.47 sq km) and Badami (15.91 sq km).
“Technology is playing a defining role in the infrastructure development of the country. Adopting the modern-day approach in planning and execution will lead to a better infrastructure that will bolster economic growth,” said Pradeep Misra, CMD of REPL.
The National Investment and Infrastructure Fund (NIIF) on Monday said it has acquired Essel Devanahalli Tollway and Essel Dichpally Tollway through the NIIF Master Fund. With this acquisition, NIIF has taken the first step to build its portfolio in the roads and highways sector.
Built on smart city concept, AMRL SEZ will encompass a SEZ with an adjoining proposed DTA (domestic tariff area) and a free trade and warehousing zone. The project entails development of an integrated industrial zone over 2,518 acres in Nanguneri in the Tirunelveli district of Tami Nadu.
The alternative investment firm had invested around Rs 370 crores in 2014 through non-convertible debentures in Kapstone Constructions, which includes residential projects including Rustomjee Urbania in Thane and Rustomjee Elements in upscale Juhu suburb of Mumbai.