Bharatmala to Boost
PMRDA building 6,415 low-cost housing units
The Pune Metropolitan Region Development Authority (PMRDA) in a recent move will construct 6,415 houses under the affordable housing scheme on a public-private-partnership (PPP) model, in the first phase of the project and the seven private players have been selected to execute the first phase, the state‘s first PPP model in affordable housing segment.
Relam rolls out $ 300-mn real estate plans
The Dubai-based Relam Investment has announced its entry into the Indian market with an initial investment worth $300 million in the real estate and technology sectors, thereby, making India as its hub for investments in Southeast Asian markets.
Lodha launches ‘Lodha Trinity’ with 3 towering towers
Country’s real estate building major, Lodha Developers announced the launch of a Lodha Trinity, a luxury housing project at Palava- the country‘s No.1 smart city, which is strategically located in the city‘s finest neighborhood - Lakeshore Greens offering to build 3 exclusive towers.
Lucknow goes vertical, allows multi-storied structures
The Lucknow Development Authority Board (LDA) has recently relaxed the minimum limit of land required to build multi-storied buildings to 150 sq mt from 300 sq mt earlier. The rule will apply on both government agencies and private builders, who will also have to abide by the building bylaws.
Lulu Group unveils ₹13,000 cr construction projects
UAE-based Lulu Group International announced the launch of its ₹1,800 crore Lulu Bolgatty International Convention Centre and Grand Hyatt in Kochi, where both these projects are part of the group's ₹13,000 crore expansion plan in India in the retail, hospitality and food processing sectors.