Andhra Pradesh Government nods Adani Ports’ bid to buy stake in Gangavaram Port

New Housing Supply Drops 34% in India’s Top-9 Cities

India’s residential real estate market experienced a 34% decline in new housing supply during the January-March 2025 period, with only 80,774 units launched, compared to 1,22,365 units in the same period last year, according to data from PropEquity.Among the top nine cities, Bengaluru was the only market to record an increase, with new housing supply rising 17% to 20,227 units, up from 17,303 in the year-ago period. In contrast, other major cities witnessed a significant decline. Chennai saw a 46% drop to 3,946 units, while Hyderabad recorded a 38% decline to 8,773 units. Kolkata was among t..

TBM ‘Parvati’ Begins Tunneling on Kanpur Metro Line 2

The Kanpur Metro Project has reached another milestone as Kalpataru Projects International Ltd. (KPIL) – Gulermak JV deployed its third Tunnel Boring Machine (TBM) ""Parvati"" at Rawatpur Station for Line 2. This 8.38 km corridor stretches from Agriculture University to Barra-8.About TBM ParvatiTBM Type: Herrenknecht Earth Pressure Balance (EPB) Machine (Refurbished, Ø6.5m) 7th TBM commissioned for Kanpur Metro Phase 1 3rd TBM for Package KNPCC-11, following TBMs Gomati (S-1408A) and Saraswati (S-839C)Tunneling Assignments First Task: Construct a 750m tunnel for the upline fr..

Indore Metro Inches Closer to Launch After CMRS Inspection

The Indore Metro Rail Project has moved a step closer to commercial operations following a two-day inspection by Commissioner of Metro Railway Safety (CMRS), Janak Kumar Garg, which concluded on 25 March.With the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) now awaiting the final approval from CMRS, the much-anticipated metro service is expected to launch soon.Key Highlights of the Inspection Corridor Under Review: The 5.90 km super-priority corridor between Gandhi Nagar station and Station 3 of the Super Corridor was inspected. Comprehensive Safety Checks: CMRS officials e..