Kohler introduces KDI 3404TCR SCR compact engine
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VOC Port鈥檚 Rs 70 Billion Plan Fails to Attract Bidders Again
The VOC Port Authority鈥檚 ambitious Rs 70.56 billion outer harbour project has encountered another significant setback, with its second tender cancelled due to the absence of qualified bidders. Sources confirmed that the tender has been withdrawn from the active bid list, and the authority may now consider restructuring the project.This marks the second failed attempt to initiate the large-scale development at Thoothukudi port. The Request for Proposal (RFP) was reissued in December 2024, following the cancellation of the initial round, which attracted just two applications鈥攆rom Vedanta and..
MHADA Floats Tenders for Kamathipura Redevelopment
The Maharashtra Housing and Area Development Authority (MHADA) has invited tenders to appoint a Construction and Development Agency for the cluster redevelopment of Kamathipura, a historically significant neighbourhood in South Mumbai. The project will be implemented by the Mumbai Building Repairs and Reconstruction Board (MBRRB), a unit of MHADA.Spread over 34 acres, Kamathipura comprises 943 cessed buildings across 15 narrow lanes, many of which are nearly a century old. The redevelopment, under Regulation 33(9) of the Development Control and Promotion Regulations (DCPR) 2034, marks a shift ..
CCI Clears Blackstone鈥檚 Rs 11.5 Billion Kolte-Patil Deal
The Competition Commission of India (CCI) has approved Blackstone鈥檚 acquisition of a 40 per cent stake in Pune-based Kolte-Patil Developers Ltd. The deal, valued at Rs 11.5 billion, marks Blackstone鈥檚 entry into the Indian residential real estate sector.The acquisition will be made by Blackstone鈥檚 affiliate, BREP Asia III India Holding Co VII Pte Ltd, through a combination of preferential share subscription and promoter stake purchase. As part of the agreement, Blackstone will also launch an open offer to acquire up to 26 per cent of Kolte-Patil's equity from public shareholders for an a..
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