ReNew Power Secures $350 Million Debt Funding from OPIC

By Rohit Sharma NEW DELHI ReNew Power Limited, today announced that it has secured fresh debt financing of up to USD 350 million from the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution. This follows an earlier round of financing when OPIC had granted a loan of USD 250 million to ReNew Power

CIDCO Approves funding Contribution for Kalyan-Taloja Metro 12

By Rohit Sharma CIDCO has approved to partly fund the Kalyan-Taloja Metro Project of MMRDA (Line 12) and decided to share for the Equity of the project to the extent of alignment falling within the jurisdiction of Navi Mumbai and NAINA. MMRDA is working on the Metro Line-5 (Thane-Bhiwandi-Kalyan) which is to

Indian Real Estate Industry voyages on its quests for a Trillion Dollar Economy

By Dr Niranjan Hiranandani, National President, NAREDCO Estimates suggest that from $ 120 billion in 2017, the Indian real estate sector has the potential to evolve into a $ 650 billion by 2025. During this colossal transformation, the sector’s contribution to GDP is projected to go up from the present 7

Pravin Darade Mumbai’s Metro Man transferred to BMC, Sonia Sethi takes charge

By Accommodation Times Bureau MUMBAI: Pravin Darade – Additional Metropolitan Commissioner, MMRDA in charge of Metro projects on Wednesday was transferred to MCGM as an Additional Municipal Commissioner. Sonia Sethi – a 1994 batch IAS –took charge as the Additional Metropolitan Commissioner, MMRDA, after Darade was posted. Darade said, “I was in a hurry