Mohali's Aerotropolis infrastructure development tender allocated
23 Aug 2023
2 Min Read
CW Team
Greater Mohali Area Development Authority (Gmada) is making tangible progress in establishing its ambitious township, Aerotropolis, by awarding the tender for grid roads' development within Pockets A, B, C & D of the project. Estimated to cost around Rs 1.95 billion, the allocated work is projected to conclude in April 2025, as confirmed by Gmada Chief Administrator Rajiv Gupta. The expansive Aerotropolis project is slated to encompass approximately 5,500 acres, with development transpiring in distinct phases.
The initial phase will witness the establishment of grid roads across roughly 1,650 acres, followed by the subsequent phase's focus on the development of internal roads within this area. These designated spaces will subsequently be earmarked for residential, commercial, and institutional purposes, illuminating the diverse potential of the project.
Elaborating on the specifics of the awarded tender, Gupta elaborated that M/s SBEIPL-HRG (JV) had secured the contract. The company will undertake the development of grid roads within different pockets outlined within the project. The successful completion of this task will not only shape the project but also pave the path for forthcoming construction activities within its confines. The intricate nature of the endeavour encompasses diverse services including civil, public health, and electrical, all to be executed concurrently to facilitate meticulous and cohesive development.
Gupta characterised Aerotropolis as a prestigious venture for the development authority, underlining the provision of contemporary infrastructure and an environment attuned to nature and luxury. Its strategic proximity to the international airport and adjacency to the already established Aero City & IT City townships of Gmada positions Aerotropolis as a coveted future destination. As the project advances, it holds the promise of becoming a magnet for aspirational living and progressive urban planning.
Greater Mohali Area Development Authority (Gmada) is making tangible progress in establishing its ambitious township, Aerotropolis, by awarding the tender for grid roads' development within Pockets A, B, C & D of the project. Estimated to cost around Rs 1.95 billion, the allocated work is projected to conclude in April 2025, as confirmed by Gmada Chief Administrator Rajiv Gupta. The expansive Aerotropolis project is slated to encompass approximately 5,500 acres, with development transpiring in distinct phases.The initial phase will witness the establishment of grid roads across roughly 1,650 acres, followed by the subsequent phase's focus on the development of internal roads within this area. These designated spaces will subsequently be earmarked for residential, commercial, and institutional purposes, illuminating the diverse potential of the project.Elaborating on the specifics of the awarded tender, Gupta elaborated that M/s SBEIPL-HRG (JV) had secured the contract. The company will undertake the development of grid roads within different pockets outlined within the project. The successful completion of this task will not only shape the project but also pave the path for forthcoming construction activities within its confines. The intricate nature of the endeavour encompasses diverse services including civil, public health, and electrical, all to be executed concurrently to facilitate meticulous and cohesive development.Gupta characterised Aerotropolis as a prestigious venture for the development authority, underlining the provision of contemporary infrastructure and an environment attuned to nature and luxury. Its strategic proximity to the international airport and adjacency to the already established Aero City & IT City townships of Gmada positions Aerotropolis as a coveted future destination. As the project advances, it holds the promise of becoming a magnet for aspirational living and progressive urban planning.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..