Arvind Smart Spaces adds new high-rise project in Bengaluru
Real Estate

Arvind Smart Spaces adds new high-rise project in Bengaluru

Arvind Smart Spaces (ASL) signed a new residential apartment project in Bengaluru, with a total estimated saleable area of around 04.6 million sq ft and a top-line potential of around Rs 40 million. This project in Bannerghatta Road, Bengaluru, was acquired on an outright basis. Kamal Singal, M...

Arvind Smart Spaces (ASL) signed a new residential apartment project in Bengaluru, with a total estimated saleable area of around 04.6 million sq ft and a top-line potential of around Rs 40 million. This project in Bannerghatta Road, Bengaluru, was acquired on an outright basis. Kamal Singal, MD and CEO, Arvind Smart Spaces, said, “Our diversification initiatives addressing both horizontal and vertical developments across Bengaluru and Ahmedabad are progressing well. This high-rise project will deepen our presence in a key micro market in Bengaluru. We are well on track to conclude our ongoing business plan of Rs 10 billion in fresh investment to create a record year in terms of new project additions both from a value and volume perspective.”Contact: Arvind Smart SpacesTel: 79 68264023Website: www.arvindsmartspaces.com

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Technology

ELGi Launches PG 850S-290 Portable Compressor at Bauma CONEXPO 2024

Elgi Equipments, a global leader in air compressor manufacturing, launched its latest innovation, the PG 850S-290 portable air compressor, at the 7th edition of bauma CONEXPO INDIA 2024, India Expo Centre, Delhi NCR. Also, on display at the ELGi outdoor booth, OG 30, are the electric-powered PG 110 E, PG 132 E, PG 22 E, and the diesel-powered PG550-215 portable air compressor that have found extensive adoption in the mining and construction industry across India. Over 1000 exhibitors, 75,000 visitors, and key decision-makers from the construction, mining, and manufacturing industries across th..

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Infrastructure Transport

Bengaluru-Chennai Expressway: 71-Km Stretch Opens for Toll-Free Travel

A 71-kilometer section of the Bengaluru-Chennai Expressway in Karnataka has been opened to the public, offering toll-free travel and significantly reducing travel time for commuters. Part of the larger 260-kilometer expressway connecting Bengaluru in Karnataka to Chennai in Tamil Nadu, this stretch has become a popular choice for recreational long drives. Once fully operational by August 2025, the expressway will cut travel time between Bengaluru and Chennai from six hours to just three, with a designed speed limit of 120 km/h. The project spans Karnataka, Andhra Pradesh, and Tamil Nadu, promi..

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Infrastructure Transport

DME Development Ltd Raises Rs 7.75 Billion via Green Bonds

DME Development Ltd (DMEDL), a wholly owned subsidiary of the National Highways Authority of India (NHAI), has raised Rs 7.75 billion through the first-ever issuance of Green Bonds in the roads and highways sector. The bonds aim to promote infrastructure development while ensuring environmental sustainability. NHAI Chairman Santosh Kumar Yadav expressed satisfaction with the response, stating, "This unique initiative sets a benchmark in the sector and encourages participation from diverse investors." Similarly, NHAI Member (Finance) and DMEDL Chairman NRVVMK Rajendra Kumar highlighted the str..

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