Patna airport terminal to be ready by May 2024

MMRDA to Build Elevated Road on Eastern Express Highway

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the construction of an 8.24-km elevated road along the Eastern Express Highway, connecting Anand Nagar to Saket in Thane. The six-lane corridor, with three lanes in each direction, aims to decongest traffic by providing an alternative route for vehicles bypassing Thane. "The elevated road will commence from Anand Nagar, within Mumbai’s limits, and extend up to the Kharegaon Toll Naka. The project has an estimated cost of Rs 21.88 billion and is expected to be completed in 48 months, including a 24-month defect liabili..

NHAI Ensures Smooth FASTag Payments

The National Highways Authority of India (NHAI) has assured that highway users will not face disruptions due to the new FASTag transaction norms introduced by the National Payments Corporation of India (NPCI). The NPCI’s circular, effective from February 17, aims to prevent delayed transactions caused by inactive FASTags at toll plazas. According to NHAI, this move will ensure that payments are settled in real time, reducing customer inconvenience. "The circular has been issued by NPCI to facilitate resolution of disputes between acquirer bank and issuer bank on FASTag status while vehicle c..

India Brokers 105-acre Land Deal in Pune between Hiranandani and Krisala

Colliers India, a leading global diversified professional services company, recently facilitated a significant Joint Development land deal in Pune between two prominent real estate developers, Hiranandani Group and Krisala Group. The land asset, spanning 105 acres, is located in North Hinjewadi, Pune, and is owned by Hiranandani Group. While the Group was initially looking to sell, the Colliers team advised that a Joint Development would be in the best business interests of both parties. Employing their nuanced and well-crafted capabilities in structuring complex deals, the Colliers experts de..