Old Mahabalipuram Road is slated to be Chennai's new metro centre
DLF Agrees to Sell Kolkata IT Park to Local Developers
DLF, India’s largest real estate developer, announced that its subsidiary, DLF Info City Developers (Kolkata), has reached an agreement to sell its commercial office park in Kolkata to local developers Primarc Group and RDB Group for Rs 637 crore. The property in question, Kolkata Tech Park 1, spans 1.4 million sq ft and is located in the Rajarhat area of suburban Kolkata. The sale will be made to RDB Primarc Techno Park LLP, a joint venture between Primarc and RDB Group. DLF continues to own and operate another tech park in Kolkata, the 1.1 million sq ft Kolkata Tech Park 2, which is situat..
Gujarat MSMEs Seek Rs 3.36 Bn Relief After Heavy Rain Losses
In Gujarat, approximately 950 micro, small, and medium enterprises (MSMEs) have reported losses due to heavy rainfall in recent months. The Gujarat government has requested a relief package of Rs 3.68 billion from the Union government to support these businesses. This information was shared by Union Minister of State for MSMEs, Shobha Karandlaje, in a written reply to a question in the Rajya Sabha on November 25. According to the response, the Gujarat government reported that 958 industrial units in the state were affected by heavy rains this monsoon. The request for compensation, amounting ..
Mines Ministry Launches First-Ever Tranche of Offshore Mineral Blocks for Auction
The Ministry of Mines launched India’s first-ever auction of 13 offshore mineral blocks, marking the country’s entry into the exploration and development of undersea mineral resources. The auction was inaugurated by Mines Minister G Kishan Reddy, who highlighted the significance of the initiative for India’s blue economy and its progress toward self-reliance. The 13 blocks, located within India’s Exclusive Economic Zone (EEZ), include a variety of minerals such as construction sand, lime mud, and polymetallic nodules. Union Minister G Kishan Reddy emphasized that these offshore miner..