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Kochi Water Metro Replication Potential
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
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Air taxis set to transform urban travel and dominate the skies soon
Nikhil Goel, the Chief Commercial Officer of Archer Aviation, has highlighted India's potential to become the largest market for electric air taxis globally, with the launch of these innovative vehicles expected in 2026. Archer Aviation, a California-based company specialising in electric vertical takeoff and landing (EVTOL) aircraft, is positioning itself to revolutionise urban travel with its electric air taxis. These EVTOLs, which can take off and land vertically like helicopters, are quieter and produce fewer emissions due to their electric power. Archer's flagship aircraft, the Midnight..
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Unitech resumes construction on South Park project in Gurugram
In a significant relief to hundreds of homebuyers who have been waiting for almost a decade, construction on Unitech's stalled residential project, South Park, located in Sector 70, has finally resumed. The project, which was halted in 2013, is now expected to move forward and be completed within the next three years. Originally, the South Park project aimed to deliver 832 flats across 27.4 acres, but only 672 units were sold before the project came to a standstill. Ashok Yadav, the CEO of Unitech, mentioned that they expect 8 to 9 towers to be completed within 24 months, but the entire pr..
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Godrej Properties acquires two residential plots in Gurugram for Rs 5.15 billion
Godrej Properties (GPL) has become the highest bidder and has received the letter of intent to develop two group housing plots in Gurugram through an e-auction conducted by the Haryana Shehri Vikas Pradhikaran (HSVP). The combined bid value for both plots is Rs 5.15 billion. One plot, measuring 3.6 acre, is located on Golf Course Road, while the other, measuring 1.97 acre, is situated in Sector 39. Together, these land parcels have a development potential of over 1 million square feet and an estimated revenue potential of more than Rs 34 billion. In FY24, GPL acquired two prime parcels o..