NORD DRIVESYSTEMS equips its drive components with QR codes
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
SECI Invites Bids for 500 MW Offshore Wind Project in Gujarat
The Solar Energy Corporation of India (SECI) has invited proposals for developing a 500 MW offshore wind power project in the Gulf of Khambhat, Gujarat. The project, spread across 202 sq km, will be awarded on a build-own-operate basis. The selected developer will enter a 25-year power purchase agreement (PPA) with SECI, which will supply the power to Gujarat Urja Vikas Nigam. The project will also qualify for viability gap funding (VGF), with a maximum support of ?8.128 crore per MW. The VGF will be disbursed in four stages, based on project milestones. The Ministry of New and Renewable Energ..
Gaurs Group to Invest ?1,600 Crore in Luxury Flats
Investment Overview: Gaurs Group, a major real estate developer, announced plans to invest ?1,600 crore to construct luxury residential flats in Ghaziabad. The project will focus on offering premium living spaces with high-end amenities to cater to the growing demand for luxury housing in the region. Project Location and Scale: The development will be located in Ghaziabad, part of the National Capital Region (NCR). Spread over approximately 10 acres, the project will feature luxury flats, with configurations ranging from 2 BHK to 4 BHK units. The location is strategically selected due to its p..
AIFs Drive Indian Realty Investments Growth
AIFs' Impact on Real Estate: Alternative Investment Funds (AIFs) are becoming pivotal in fueling investments in the Indian real estate sector. In the past few years, AIFs have contributed significantly to both residential and commercial property investments, providing a major boost to the sector. Key Investment Channels: AIFs have provided liquidity for stalled real estate projects, enabling developers to complete them and hand them over to buyers. These funds are being used to invest in projects that are mid-to-late stage, helping revive projects facing delays due to financial challenges. The..