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Concor to lease railway land in `35 bn deal for 35 years
RAILWAYS & METRO RAIL

Concor to lease railway land in `35 bn deal for 35 years

State-owned Container Corporation of India (Concor) will lease the Indian Railway land for 35 years in an Rs.35 bn deal. It created 24 of its 64 inland container depots (ICDs) on that land by paying 99 per cent of the market value of the land in advance, in a development that may take off the b...

State-owned Container Corporation of India (Concor) will lease the Indian Railway land for 35 years in an Rs.35 bn deal. It created 24 of its 64 inland container depots (ICDs) on that land by paying 99 per cent of the market value of the land in advance, in a development that may take off the biggest stumbling block to the intended privatisation of the largest rail hauler of containers in the country. Besides the long-term lease of land, Concor has additionally decided to give up two extra terminals that have been created on Railway land. The federal government has decided to privatise Concor by selling 30.8 per cent of its 54.8 per cent stake in the firm to a personal agency.

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Infrastructure Urban

PPP Planned To Rejuvenate Arkavathi River At Rs 25�30 Bn

The Bangalore Water Supply and Sewerage Board (BWSSB) has drawn up a public–private partnership scheme to revive the once-vital Arkavathi River, modelling the effort on Ahmedabad’s Sabarmati riverfront. A preliminary survey pegs the investment at Rs 25â€�30 billion and a detailed project report (DPR) is due by December 2025. Covering 53.7 km from Nandi Hills to Tippagondanahalli, the blueprint spans 1 449 sq km across Bengaluru Urban, Mandya, Chikkaballapur and Ramanagara districts, touching 734 villages, 77 settlements, ten lakes and 13 industrial belts. Key works include flood contr..

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Infrastructure Transport

Reliance Infra Clears Rs 2.73 Bn Debt for JR Toll Road

Reliance Infrastructure announced on Monday that its wholly-owned subsidiary, JR Toll Road Private Ltd (JRTR), has fully settled a debt of Rs 2.73 billion—including interest—owed to Yes Bank Ltd (YBL).The settlement, formalised through an addendum to a prior agreement, marks the complete discharge of JRTR’s outstanding obligations to the lender. As part of the same agreement, Reliance Infrastructure's corporate guarantee for the loan has also been entirely released.In its regulatory filing, Reliance Infrastructure clarified that Yes Bank does not hold any shares in the company and is nei..

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Real Estate

Draft Rules To Modernise Maharashtra Housing Societies

Maharashtra is poised to overhaul the way its 0.125 million co-operative housing societies—home to about 20 million people—are run. The Draft Maharashtra Co-operative Societies Rules, 2025, released for public comment on 15 April, promises digital-friendly governance, clearer redevelopment norms and less day-to-day State intervention. Below are the key proposals.The one-off society registration fee would double to Rs 5,000, reflecting higher administrative costs. Annual General Meetings could be held online, provided at least two-thirds—or twenty—members join, and resolutions would nee..

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