JM Financial to finance real estate ventures via AIF, syndicates

RLDA reopens bidding for New Delhi Railway station redevelopment

The Rail Land Development Authority (RLDA) has reopened the bidding process for the redevelopment of New Delhi Railway Station, now focusing on an Engineering, Procurement, and Construction (EPC) model, with an estimated budget of Rs 2,469 crore. The Request For Proposal (RFP) outlines a two-stage bidding process for both the station's redevelopment and associated infrastructure. This renewed effort follows previous unsuccessful attempts where bids significantly exceeded RLDA's projections. Officials indicated that adjustments have been made to streamline project execution. A pre-bid meeting i..

Southern Railway updates train services due to infra work

Southern Railway has announced changes to train services due to a power and line block aimed at eliminating a manned level crossing gate No. 75 between Aralvaimozhi and North Panakudi, and constructing a subway for bridge No. 303. According to the announcement, Train No. 20691 Tambaram – Nagercoil Antyodaya Superfast Express, scheduled to depart Tambaram at 11 PM on October 22, will be short terminated at Valliyur. Similarly, Train No. 20692 Nagercoil – Tambaram Antyodaya Superfast Express on October 23 will commence its journey from Valliyur at 4:24 PM. Train No. 22627 Trichy – Thiruvan..

Sunteck Realty Reports 33% Growth in Q2 Pre-Sales at Rs 524 Crore

Real estate developer Sunteck Realty has announced a nearly 33% year-on-year increase in pre-sales, totaling Rs 524 crore for the quarter ending September. The company’s collections for the period reached Rs 267 crore, marking a 25% rise compared to last year. This strong quarterly performance brings the pre-sales for the first half of 2024-25 to Rs 1,026 crore, reflecting a 31.2% increase from Rs 782 crore a year prior. Additionally, collections for the first half of the year grew by 21.3% to Rs 609 crore. Sunteck Realty maintains a city-centric development portfolio of approximately 52.5 m..