The affordable housing project covers Bangalore, Chennai, Hyderabad, Coimbatore and Mysore where 64,500 homes with a total built-up area of 59.80 million square feet will be constructed in the next five years.

Hyderabad is about to get a 71-km metro without the central or state government paying a rupee. Instead, the Andhra Pradesh government will receive Rs 1,240 crore (calculated at present value) by simply giving the concession to a private consortium.

Global railway companies have emerged the top contenders on technical parameters for the country’s first railway station modernisation and operation project in New Delhi, the first of private-public partnership (PPP) schemes.

The company has initiated discussions with the Atomic Energy Commission (AEC) for identifying nuclear fuel availability

1,000 mw O P Jindal Super Thermal Power Plant at Tamnar near Raigarh in Chattisgarh will be fully commercial by August 15

Tamil Nadu is to get two atomic power plants of 4,000 MW each at a cost of Rs.320 billion, Chief Minister M. Karunanidhi announced here on Thursday evening after his return from New Delhi.

Once completed, the project would provide direct employment to 10,000 people and indirect employment to 25,000.

Cairn India is expected to start production at its Mangala oil field in Rajasthan by the second half of 2009. Output from the Bhagyam and Aishwariya fields will start in 2010.

In a landmark ruling, the Delhi Cooperative Tribunal has said that members of housing societies based on community, language or religion cannot be prevented from selling flats to outsiders.

Frowning on real estate developers who refuse to pay compensation for delayed deliveries, a Delhi court has fined leading builders Ansal Properties and Infrastructure (API) Rs.2.73 million (Rs. 27.3 lakhs) for not handing over an apartment on time.

Bangalore as a workplace has become unattractive because of the infrastructure bottlenecks and the organisation has been looking at other cities like Jaipur, Kolkatta and Bhubaneshwar in the east for expansion, Infosys director T V Mohandas Pai has said

Core sector growth for April 2008 declined to 3.6 per cent from 5.9 per cent compared to corresponding month in the previous year on account of a huge fall in the production of petroleum refinery products and electricity. Production data of six core sectors form the core-infrastructure industries index.

Nearly 15 major infrastructure and real estate companies have shown interest in being part of the RS 400 crore Multimodal Transit Hub proposed by the Delhi government at ISBT, Dwarka.

Affordable housing is now attracting large-scale investments from developers as well as private equity funds. Real estate majors like Ansals and Omaxe are planning low-budget housing projects in smaller towns and cities across the country.

Contrary to the buzz of a slowdown in the real estate market in Maharashtra, the data on number of registrations in five districts –Mumbai,Thane,Pune,Nashik and Nagpur-during the January-March period in 2008 reflects a 10.53 percent increase.

Punj Lloyd Group, a specialist in engineering, procurement and construction (EPC) services, has acquired a strategic 74 per cent stake in Technodyne International Limited, UK for an undisclosed amount. Technodyne is a specialist engineering, design and consultancy company specializing in large scale cryogenic and high pressure tanks.