Construction
ET Graphics: AIFs emerge as major players in India's real estate investment scene
Alternative Investment Funds (AIFs) have become the primary capital source for India's real estate sector, anchoring nearly 80% of category II commitments. These funds are vital for reviving stalled projects, supporting mid-income housing, logistics, and developer credit, with total commitments reaching Rs 14.2 lakh crore as of June 2025.
Dharan Infra-EPC signs Rs 215-cr supply agreement with Skymax Infrapower
Dharan Infra-EPC Ltd has landed an impressive Rs 215 crore project with Skymax Infrapower, aimed at constructing a 75 MW solar power facility in the Nanded district of Maharashtra. This ambitious venture, encompassing design, engineering, and installation, is scheduled to be completed between 2025 and 2027.
GoodWorks kicks off work on GCC-focused tech park in Bengaluru
GoodWorks Group has started building its first owned tech park, GoodWorks Aerospace Park, in Bengaluru. This sustainable, zero-carbon campus will cater to global companies in aerospace, technology, and defence. Located near the airport, it offers excellent connectivity for international businesses. The project aims to create a premium workspace designed for future-ready infrastructure and sustainability.
Luxury housing in India gets an upgrade with designer clubhouses
In the realm of luxury housing in India, builders are reimagining clubhouses as extravagant retreats. With innovative features such as atmospheric lighting, co-working spaces, and pampering pet facilities, these developments prioritize an elevated lifestyle for residents.
New high-rise rules to fast-track Mumbai redevelopment. Here's how
Mumbai's high-rise approval norms have been eased for buildings up to 180 meters, shifting oversight to the civic administration. This change aims to streamline approvals and accelerate urban renewal, with developers now needing expert certification for structural and geotechnical designs. Taller structures and those with specific slenderness ratios will still undergo multi-agency review.
Capacit'e Infraprojects gets Rs 542.37-cr construction order from IIT Bombay
Capacite Infraprojects has won a major contract worth Rs 542.37 crore from IIT Bombay. The project involves constructing fast track buildings using composite steel and reinforced cement concrete. This method allows for quicker construction timelines. The company's managing director expressed honor and highlighted their execution capabilities and technical expertise. The scope includes design, finishing, and essential installations.
NCLT extends Punj Lloyd's liquidation by 6 months
The insolvency tribunal NCLT has granted Punj Lloyd an extension for its liquidation process. The deadline is now March 12, 2026. This decision supports the completion of critical national projects. A sale of Punj Lloyd as a going concern is expected to maximize value. The company's skilled workforce and experience are key factors.
L&T bags 'ultra-mega' order for building energy infra in Middle East
Larsen & Toubro's hydrocarbon onshore business secured an 'ultra-mega' order, exceeding Rs 15,000 crore, for a Natural Gas Liquids plant in the Middle East. Partnering with CCC, L&T will lead engineering and procurement for processing Rich Associated Gas into valuable products, reinforcing its global energy infrastructure capabilities.
IRB Infra reports 11% rise in toll revenue to Rs 557 crore in September
IRB Infrastructure reported an 11 percent increase in toll revenue for September 2025, reaching Rs 557 crore. This marks a rise from Rs 502 crore collected in September 2024. Key contributors included IRB MP Expressway, IRB Golconda Expressway, and IRB Ahmedabad Vadodara Super Express Tollway. Despite monsoon impacts, the company anticipates sustained growth driven by the upcoming festive season.
Greenply Care for all initiatives highlight the push for more inclusive celebrations
Greenply's #CareForAll initiative champions inclusivity, making celebrations accessible for everyone. This year, "Maa on Wheels" brought Durga Puja to old-age homes, while past efforts included accessible pandals and wheelchair ramps at IPL stadiums. The company aims to transform lives by ensuring every individual can participate and belong in moments of joy.
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MHADA revises premium charges for commercial area in redevelopment projects
MHADA updated its 2007 redevelopment rules, easing premiums on additional commercial space in layouts, addressing developers’ concerns about financial viability of projects.
L&T’s Buildings & Factories vertical bags Rs 5,000-10,000 crore orders in Bengaluru and Mumbai
L&T's Buildings & Factories vertical secured major domestic orders. This includes a large IT park in Bengaluru spanning 5.9 million square feet. The company also won a mixed-use development project in Mumbai. This Mumbai project will be completed within 45 months. These new orders highlight L&T's proven expertise in complex projects.
RITES inks pact with Etihad Rail to boost biz collaboration in infra, mobility
RITES Ltd, an Indian transport infrastructure firm, signed a Memorandum of Understanding with UAE-based Etihad Rail and its subsidiary, National Infrastructure Construction Company. This pact aims to enhance business collaboration in mobility and infrastructure sectors across the UAE and other regions, combining RITES' expertise with the subsidiary's execution capabilities. The agreement strengthens RITES' international footprint.
India's road construction likely to slide to a 5-year low of 25-26 km per day in FY26: ICRA
India's road construction is projected to hit a five-year low of 25-26 km per day in FY2026, Icra reported. This significant slowdown, attributed to extended monsoons and reduced project awards, follows a 14% decline last fiscal. While new ministry directives aim to boost future project awards, competitive pressures persist for contractors.
Financial crime agency's search linked to toll road deal, not forex: Reliance Infrastructure
Reliance Infrastructure stated financial crime agency searches concerned a 2010 Rajasthan toll road contract. The company denied any foreign exchange violations. Earlier reports mentioned alleged foreign exchange law breaches. Reliance Infrastructure clarified it had no connection with the contractor. The toll road has been with the National Highways Authority of India for four years.
L&T secures USD 700 mn Sustainability-Linked Trade Facility from Standard Chartered
Larsen & Toubro secured a USD 700 million Sustainability-Linked Trade Facility from Standard Chartered. This facility is tied to key performance indicators like greenhouse gas emissions and freshwater withdrawal, aligning with L&T's business operations and market standards. This follows their earlier issuance of India's first listed sustainability-linked bond.