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BBMP to Spend Rs 537 Million on Consultants for Infra Projects
The Bruhat Bengaluru Mahanagara Palike (BBMP) is set to spend Rs 537 million on consultancy services for various infrastructure projects under the Brand Bengaluru initiative. The move is part of Karnataka鈥檚 broader aim to decongest the city and strengthen mobility.BBMP has already spent over Rs 140 million for detailed project reports (DPRs), including Rs 95 million to Rodic Consultants for an eighteen-kilometre tunnel road from Hebbal to Silk Board and Rs 47 million to Altinok Consulting for a feasibility study on a 170-kilometre network. Another Rs 90 million is planned for Rodic鈥檚 DPR o..
KVN, Puravankara to Develop Rs 33 Billion Housing Project in Bengaluru
KVN Property Holdings Limited Liability Partnership has partnered with Puravankara Limited to jointly develop a large-scale residential project in North Bengaluru with a projected gross development value of over Rs 33 billion.The project will be developed on a 24.59-acre land parcel and is expected to offer a saleable area of around 3.48 million square feet. It is slated for launch within the next six months.KVN Property was founded by Venkat K Narayana, former Chief Executive Officer of Prestige Group. The joint venture aims to leverage KVN鈥檚 strength in land aggregation and Puravankara鈥檚..
Cabinet Approves Rs 3.7 Billion Semiconductor Plant in Jewar
The Union Cabinet has approved a semiconductor manufacturing facility worth Rs 3.706 billion in Jewar, Uttar Pradesh. The project is a joint venture between HCL and Foxconn, aimed at producing display driver chips for mobile phones, laptops, and vehicles.The upcoming unit will process twenty thousand wafers each month and produce around 36 million chips. It will be the sixth semiconductor facility approved in India, and will manufacture advanced chips essential for electronics and automotive sectors.The new plant is expected to begin operations by 2027 and generate direct employment for about ..
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