Madurai to have satellite township soon, work starts

18 Jun 2013 Editorial Team

Work on the Tamil Nadu government proposed satellite township near Madurai has been commenced. Tenders have been invited and work has begun for constructing 448 houses to be built in an area of 23 acres in the first phase, Chairman of Tamil Nadu Housing Board (TNHB) R Murugaiha Pandian said. He conducted an inspection at the site for the township in Thoppur near Madurai airport. The satellite township was announced by Chief Minister J Jayalalithaa in the state assembly on April 4.

The township envisages 19,500 residential plots in an area of 586.86 acres at Thoppur and Uchapatti villages, about 15 km from Madurai. Of the total plots, 14,300 houses would be allotted to low income group families, while 2,500 houses would be allotted to middle income group and 750 houses for high income group people.

In addition, 1,950 plots are earmarked for people from economically weak background. The government had set aside Rs 120 crore for providing basic amenities like drinking water, roads, drainage, streetlights, rainwater harvesting structures and parks in the project. The state government has sanctioned Rs 69 crore as the first instalment to carry out the project through TNHB.

Infrastructure Urban

22 May 2025

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost鈥檚 proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights鈥攆rom fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data鈥攁llowing brands to identify operational..

Real Estate

22 May 2025

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23鈥�24 fl..

Infrastructure Urban

22 May 2025

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..