A Leap Forward!
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
Relief for Birlas and cement company directors
The Gujarat High Court has halted criminal proceedings and summons issued against Kumar Mangalam Birla, his mother Rajashree Birla, and seven other directors of UltraTech Cement by a Vadodara court, following a criminal complaint. The summons had been issued on September 9 by the Vadodara chief judicial magistrate in connection with a case filed by Abhishek Shrivastava, the proprietor of Srimech Engineering. The directors of UltraTech Cement subsequently approached the High Court to challenge the summons. It was argued before the court that there had been a contract between Srimech and UltraT..
Metro extension work between Badi Chaupar and Transport Nagar halted
The Jaipur Metro Rail Corporation (JMRC) has halted the extension of Metro Line 1C between Badi Chaupar and Transport Nagar for an indefinite period, according to sources familiar with the matter. A senior JMRC official stated that the decision was made following directives from the state government. The official mentioned that they had been instructed to slow down the expansion of Metro Line 1C, leading to the suspension of the project. However, the specific reasons behind this directive remain unclear, the official added, speaking on condition of anonymity. Urban Development and Housing (U..
Mt K Kapital secures over Rs 5 billion for Mumbai realty investments
Alternative investment fund Mt K Kapital announced that it has raised over Rs 5 billion to invest in real estate projects within the Mumbai Metropolitan Region (MMR). In a statement, the firm revealed that this amount was collected for its inaugural fund, the Mt K Resi Development Fund, which is a Category II SEBI-registered Alternative Investment Fund. Notable investors include SBI, ICICI Bank, Famy Care, and other high-net-worth individuals (HNIs). The fund has already committed over Rs 3 billion to five projects in the Mumbai area through Keystone Realtors (Rustomjee Group). It is now exer..