NBCC secures Rs 8.5 bn contracts from Damodar Valley and Ministry of Housing

Globeop Leases 63,000 Sq Ft in Mumbai

Globeop Financial Services India Private Limited has leased 62,976 sq ft of office space at Nirlon Knowledge Park, Goregaon East, at a monthly rent exceeding Rs 1.05 million for five years. JLL India acted as the transaction advisor for the deal. Lease Details & Rental Terms The financial services firm, a part of SS&C GlobeOp, has taken up the 13th and 14th floors of the building. The lease agreement, signed with Nirlon Ltd, includes a total chargeable area of 62,975.78 sq ft and 63 dedicated parking spaces. The rental structure is set to increase annually: Year 1: Rs 167 per sq ft/month Year..

Govt Mandates Highway Maintenance by Contractors

The Union government has introduced stricter guidelines for national highway construction, making contractors responsible for road maintenance for up to five years after project completion. The Ministry of Road Transport and Highways has mandated an audit six months post-construction to ensure compliance. Under the updated Defects Liability Period (DLP), contractors must promptly address any repair issues before their obligations expire. These changes follow complaints of negligence in several states and recommendations from NGOs advocating for better highway upkeep. Prime Minister Narendra Mo..

BPTP Group to Invest $360 Million in Luxury Gurugram Project

In a major push to Gurugram’s luxury real estate market, BPTP Group is set to invest Rs 30 bilion ($360 million) in its latest high-end residential project, Amstoria Verti-Greens. The developer expects to generate Rs 65 billion ($780 million) in revenue from the project. Spread across 12.05 acres along the Dwarka Expressway, the development will be executed in three phases. The first phase, spanning 9.43 acres, has received approval from the Haryana Real Estate Regulatory Authority (RERA) and is currently underway. Premium Design & Amenities The introductory price of the project is Rs 19,000..