The Greater Chennai Corporation (GCC) has sanctioned funds worth Rs 2 billion for the development of stormwater drainage (SWD) in uncovered areas of Chennai, Tamil Nadu. The work is likely to commence in February 2025. The scope of work includes the development of a 50 km SWD network in Mylapore, Luz, Royapettah, Triplicane, Tondiarpet, Royapuram, Korukkupet and Perambur. In addition, funds worth Rs 250 million have been allocated for the North Chennai Development Scheme.
Views of Pramod Rao: “The InvIT/REIT market requires greater adoption”
At present, 20 infrastructure investment trusts (InvITs) and five real estate investment trusts (REITs) have been registered with the Securities and Exchange Board of India (SEBI), with the combined net assets value exceeding Rs 2.5 […]
Key Financings: Across sectors
Policy The Reserve Bank of India (RBI) has held its key repo rate steady after six consecutive hikes, citing it was closely monitoring the impact of recent global financial turbulence. It may contemplate additional rate […]
Financing Wave: Policy reforms and private capital drive infrastructure investment
India’s infrastructure financing landscape has transformed over the past few years, driven by strong policy support, regulatory reforms and expanding capital sources. Recent changes in areas such as land acquisition, dispute resolution and environmental clearances […]