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BK Modi to invest $1 billion over next five years in real estate
  21 Feb 2023

BK Modi to invest $1 billion over next five years in real estate

BK Modi Group plans to invest about $ 1 billion over the next five years in Indian real estate and wellness space as it sees huge growth potential in these two sectors. The group is already constructing a commercial real estate project in Mumbai in partnership with a developer and now has plans to expand this business.

Single-window system for self-redevelopment projects in Maharashtra
  21 Feb 2023

Single-window system for self-redevelopment projects in Maharashtra

The Maharashtra government is planning to start a single-window system for clearances of housing projects going for redevelopment and implement the self-redevelopment order issued in September 2019.

Stellar to invest over Rs 200 crore to build fulfilment centres
  21 Feb 2023

Stellar to invest over Rs 200 crore to build fulfilment centres

Stellar Value Chain Solutions, a tech-driven third-party value-added warehouse and distribution service provider, will be investing around Rs 200 crores over the next 3–4 years to build modern, tech-enabled fulfilment centres exclusively for Direct-To-Consumer (D2C) brands.

Maharashtra to redevelop BDD Chawl in Mumbai
  21 Feb 2023

Maharashtra to redevelop BDD Chawl in Mumbai

Maharashtra government approved allotment of housing units of 300 sq ft instead of 269 sq ft to eligible residents of BDD chawls in Worli, Naigaon and NM Joshi Marg after redevelopment. Shinde directed the Maharashtra Housing and Area Development Authority (MHADA) to use new technology prevailing in the construction sector to expedite the redevelopment

Over three lakh houses under PMAY-Gramin approved in Assam
  21 Feb 2023

Over three lakh houses under PMAY-Gramin approved in Assam

The Assam government has sanctioned over three lakh houses under the flagship Pradhan Mantri Awaas Yojana-Gramin (PMAY-G). Ranjeet Kumar Dass, Panchayat and Rural Development Minister, said that Assam received a target of 3,31,193 units under PMAY-G from the Union Ministry of Rural Development.

BERC approved 600 MW Solar purchases From SECI
  21 Feb 2023

BERC approved 600 MW Solar purchases From SECI

The Bihar Electricity Regulatory Commission (BERC) has given nod to procurement of 600 MW of solar power from Solar Energy Corporation of India (SECI) in Tranche-VIII by the distribution companies (DISCOMS). BERC has allowed the procurement at a tariff of Rs 2.50/kWh. The trading margin has been kept by the regulator at Rs 0.07 for every kWh.

Norwegian Fund invests Rs 900 million in Karnataka
  21 Feb 2023

Norwegian Fund invests Rs 900 million in Karnataka's transmission project

The new Norwegian Climate Investment Fund, managed by Norfund, together with KLP, Norway's largest pension company, made the first investment of Rs 900 million in an Indian transmission project in Karanatak being developed by ReNew Power.

Orient Green approved expansion plan in green energy sector
  21 Feb 2023

Orient Green approved expansion plan in green energy sector

Orient Green Power Company is considering to expansion of its business into the green energy sector as it aims to maximise existing assets. The company in its board meeting held on December 23 said that it would be exploring hybrid solutions and have a mix of solar and wind energy farms at its existing locations

Arunachal to handover stalled hydropower projects to CPSUs
  21 Feb 2023

Arunachal to handover stalled hydropower projects to CPSUs

Arunachal Pradesh Cabinet decided to hand over five already terminated projects to the central power sector undertaking. These projects will see an investment of Rs 40000 crore in next five to seven years and would generate green power of 2880 MW.

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