IL&FS to invest Rs 150 cr on Hyd's apartment project

12 Feb 2013 Editorial Team

IL&FS Infrastructure Leasing and Financial Services, which took over the reins of crisis-ridden Maytas Properties in 2011, will be investing Rs 150 crore in developing a residential apartment project in the vicinity of 鈥楳aytas Hill County鈥� located on the outskirts of Hyderabad.

The company will be coming up with a 400-unit apartment project on 12-and-a-half acre near Hill County. Construction work on the project is expected to commence by the end of this calendar, and it would ready for delivery in two years from then, said PV Rao, Chief Operating Officer of IL&FS Infrastructure.

Rao said the company was also contemplating developing a residential venture on over 40 acre land parcel as part of Phase-II of Hill County. The project is still in the planning stage. It may be recalled that IL&FS had been allowed by the CLB in 2011 to hold 80 per cent equity in Maytas Properties, a company promoted by the family of disgraced Satyam Computer Services founder B Ramalinga Raju.

Infrastructure Urban

16 May 2025

MSME Ministry Invites Applications for National Award 2024

The Ministry of Micro, Small and Medium Enterprises (MSME) has acknowledged the significant contributions made by MSME entrepreneurs and aims to motivate and encourage them by presenting National Awards for outstanding performance. Currently, there are 35 National Awards offered to MSMEs across various categories. Special provisions have been made to recognize MSMEs led by women entrepreneurs, those belonging to Scheduled Castes (SC) and Scheduled Tribes (ST), and entrepreneurs from the North Eastern Region.Under this scheme, selected MSMEs are honored with a trophy and certificate, along with..

Infrastructure Transport

16 May 2025

MoS Murlidhar Mohol Inaugurates New ATC Tower at Kolhapur Airport

Today marked a significant moment for Maharashtra鈥檚 aviation growth as Union Minister of State for Civil Aviation Murlidhar Mohol inaugurated the new ATC Tower cum Technical Block cum Fire Station at Kolhapur Airport, and flagged off the inaugural Star Air flight between Kolhapur and Nagpur. Under the visionary leadership of Prime Minister Narendra Modi and proactive guidance of Union Minister for Civil Aviation Ram Mohan Naidu, these upgrades aim to enhance air safety, bolster emergency services, and strengthen regional air connectivity across Maharashtra. The Minister expressed deep g..

Infrastructure Transport

16 May 2025

BCAS Revokes Security Clearance of Celebi Over National Security

The Bureau of Civil Aviation Security (BCAS) has revoked the security clearance of Celebi and its associated companies on grounds related to national security.Union Minister of Civil Aviation, Govt of India, Ram Mohan Naidu has made it clear that nothing is above the security of our nation and our fellow citizens. National interest and public safety are paramount and non-negotiable.At the same time, the Ministry of Civil Aviation is fully committed to ensuring that passenger convenience, cargo operations, and service continuity remain unaffected. Arrangements have been made at all affected air..