27 Nov 2025

Schneider Electric has joined hands with VIT to establish a Centre of Excellence in Smart City and Smart Factory Technologies at the VIT Vellore campus. The centre will focus on research, innovation, and skill development in areas vital to India's digital and sustainable growth. The first batch will have 1,100 students, with plans to expand in the future. The initiative reflects Schneider Electric's commitment to nurturing talent and fostering practical learning, enabling students to work with technologies shaping modern industries and the smart cities of tomorrow.Read more

27 Nov 2025

Digital Connexion is set to invest USD 11 billion, around INR 98,000 crore, to build 1 Gigawatt of AI-native data centres in Visakhapatnam, Andhra Pradesh, covering 400 acres. The facilities are purpose-built for AI workloads, featuring high-density racks, redundant power feeds, and robust substations to ensure reliable operations over the next decade. The project follows Google's USD 15 billion AI hub announcement in the state. Digital Connexion also operates in Chennai and is constructing a Mumbai campus, emphasizing low-latency, carrier-neutral connectivity and strategic digital infrastructure expansion.Read more

27 Nov 2025

ACME Solar Holdings has won the 130 MW round-the-clock renewable energy bid issued by REMCL for Indian Railways at INR 4.35 per unit. The project requires continuous power supply, achieved through solar, wind, and battery storage systems, with minimum availability targets of 75% for the first three years and 85% thereafter. ACME Solar will sign a direct PPA with Railways and commission the project within 30 months. With an operational capacity of 2,934 MW and 4,456 MW under construction, the company leverages its in-house EPC and O&M teams to ensure cost-effective and efficient project delivery.Read more

27 Nov 2025

The Prayagraj Development Authority is planning Aero City, a 90-acre residential township near Airport Road (Jhalwa), offering a mix of plots and flats, with plot prices expected to start below INR 20 lakh. PDA will purchase farmland directly from cultivators, with total land acquisition estimated at INR 3,300 crore, including an initial funding request of INR 1,100 crore. Designed as a self-sufficient township, Aero City will include zones for malls, hotels, schools, hospitals and other commercial facilities, with faster approvals to encourage developers. Land acquisition is expected to begin next financial year. The project builds on PDA's recent push to expand affordable housing through plot sales and flat allotments.Read more

26 Nov 2025

State-owned NBCC Ltd has received an order worth nearly INR 3,000 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for developing the initial phase of the Naveen Nagpur township project. The agreement, formalised earlier this week, covers the construction of the first segment of a 1,710-acre integrated township, marking one of the region's largest planned urban development initiatives. NBCC, which had signed an MoU with NMRDA earlier this year, has been appointed as the Executing and Implementing Agency as well as the Project Management Consultant.Read more

26 Nov 2025

Wallnut Real Estate Services has facilitated the sale of a 3,125 sq ft carpet office unit at ONE BKC in Mumbai's Bandra Kurla Complex for INR 38 crore, marking one of the city's highest-value office transactions in the past week. The deal, completed between buyer Sawariya Futureworks Ltd and seller Harmony Realty, closed at INR 38.3 crore, translating to a benchmark rate of INR 1,22,000 per sq ft. The transaction reinforces ONE BKC's appeal as a premier Grade A commercial hub known for strong tenant demand and strategic connectivity. Wallnut's Sukant Mangal said the record price reflects the project's long-standing position at the top end of Mumbai's office market.Read more

26 Nov 2025

Central Park Estates will invest about INR 2,000 crore to develop Delphine, a new luxury housing project in Gurugram's Sector 104 along the Dwarka Expressway. Spread across 7.85 acres and planned in three phases, the project will feature six residential towers, funded through internal accruals and bank borrowings. Construction is set to begin in 2026, with completion targeted for 2032, and expected sales revenue of INR 3,500 crore. Company leaders noted that the Dwarka Expressway is emerging as a high-value real estate corridor supported by strong infrastructure. With NCR housing sales up 4% in the July-September quarter, Delphine strengthens Central Park's position in premium housing.Read more

26 Nov 2025

Rustomjee Group has strengthened its presence in Thane with the launch of Tower D at La Vie, the fourth tower within its 8.5-acre gated enclave in the 100-acre integrated township. The township features a functioning fire station, Rustomjee Cambridge International School, an upcoming hospital, the Tri Mandir, and future commercial and retail spaces. CEO Anupam Verma said La Vie reflects the group's focus on building communities that blend design, functionality and nature. Keppel Ltd.'s Ho Kiam Kheong highlighted that their partnership combines sustainable urban solutions with Rustomjee's residential expertise. La Vie also benefits from strong connectivity and multiple upcoming infrastructure projects.Read more

26 Nov 2025

The Andhra Pradesh government has partnered with Aerpace Industries to develop India's first Drone City in Kurnool. The project, planned across 300 acres near Orvakal, will support drone manufacturing, testing, certification, component research, and pilot training. Aerpace will bring its experience in defence UAVs, logistics drones, heavy-lift platforms, and AI-based systems. The state aims to build a structured ecosystem that supports long-term aerospace growth. The initiative is part of Andhra Pradesh's wider plan to strengthen innovation, industry development, and skilled employment in the unmanned systems sector.Read more

26 Nov 2025

The Lucknow Development Authority has extended the registration window for its Atal Nagar affordable housing scheme until December 2, giving applicants extra time to apply via its website. The scheme includes 2,496 flats in 15 towers at Devpur Para, with both 1 BHK and 2 BHK units priced from around INR 9.82 lakh. A registration fee of 5 percent of the flat cost (or 2.5 percent for reserved categories) is mandatory. Allocations will be made through a transparent lottery. The scheme provides key amenities, including lifts, power backup, green spaces, and security.Read more