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CIDCO to develop International Corporate Park in Kharghar
In the second phase of the development work, CIDCO will work on the strategy and infrastructural design of the park.The administration intends to construct several complexes catering to different commercial sectors.The ICP is proposed to be developed on an area measuring 140 hectares.3 crore has been floated to construct a compound wall through the entire area where the corporate park is proposed to come up.The plan is to develop a business hub similar to the Bandra-Kurla Complex (BKC) for which CIDCO has carved out a total of 155 hectares of land within Kharghar.

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🇮🇳 India · 🗓️ September 06, 2023 · Construction

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Maritronics to foray into specialised equipment manufacturing for Defence sector
These systems are likely to become a significant asset for the Indian Navy and the Coast Guard.Marine equipment supplier, Maritronics India is planning to foray into specialised equipment manufacturing for the defence sector.Currently, the company is in the process of setting up its own manufacturing facility in Chennai, Tamil Nadu, and is expected to start production in the next one year.The integrated communication and navigation systems are expected to be manufactured locally within a year.The firm has signed an initial pact with Goa Shipyard (GSL) to jointly develop automation equipment for marine vessels for the domestic defence market.

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🇮🇳 India · 🗓️ September 06, 2023 · Construction

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Rail Vikas Nigam secures work order from MGVCL
As the project progresses, the scheme seeks to improve the distribution infrastructure in Vadodara.The estimated cost of the projects is Rs 322 crore, and the contract is expected to be carried out in 31 months.The turnkey contract involves designing, supplying, and installing work under the revamped reforms-based and results-linked distribution sector scheme (RDSS).Rail Vikas Nigam (RVNL) has received a letter of acceptance (LoA) from Madhya Gujarat Vij Company (MGVCL) for the development of distribution infrastructure work for loss reduction at Vadodara, Gujarat.

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🇮🇳 India · 🗓️ September 06, 2023 · Construction

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Maharashtra RERA finalizes criteria for proposed grading of housing projects
MahaRERA is the first real estate authority in the country to undertake the exercise to rate the projects this way and is planning to grade the project initially and then the promoters.Four important snapshots of the project will be released in the second and final phase based on the above information to determine the ranking.is expected to be released in the first phase.This rating will be determined automatically by the technology department of MahaRERA based on the information shared by the developers with the regulator.The objective information of the project including project details, location, developer, facilities etc.

🇮🇳 India · 🗓️ September 05, 2023 · Construction

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Finland's SuperPark plans 25-30 indoor parks in India in 5 years
SuperPark started in 2012 in Finland and started going global in 2017.Entertainment and fun parks, the worst impacted business due to the pandemic, are considered among the "footfall generators" for malls.With aggressive expansion planned by leading mall operators, entertainment parks are expected to play a big role in drawing consumers to the malls."India will have entertainment zones like Dubai, which will cater to all age groups and help in the revenue of shopping mall."Finland's SuperPark, which operates indoor activity parks in five countries, is in talks with leading mall developers in India to open its franchise, three people aware of the development said.

🇮🇳 India · 🗓️ September 05, 2023 · Construction

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