logo
Adani Ports among top contenders for Logistics Park project, Infra News, ET Infra

Adani Ports among top contenders for Logistics Park project, Infra News, ET Infra

Time of India2 days ago
Advt
Advt
Three companies, including Adani Ports , have submitted proposals to develop a 174-acre multimodal logistics park in Greater Noida 's Kappa-2. The project, launched by GNIDA on May 23, aims to attract over ₹ 1,200 crore in investment, create more than 5,000 jobs, and streamline freight movement for industries in the region.In addition to Adani Ports and Special Economic Zone Ltd , Super Handlers and Empezar Logistics have also applied for the project, officials said.The park is set to come up next to the Concor-operated dry port, which handles container storage and processing, and will feature an intermodal container terminal for cargo transport via road, rail, and air, leveraging its proximity to the upcoming Noida International Airport in Jewar. The facility will include container terminals, cargo yards, cold storage warehouses, and mechanised systems for handling bulk and break-bulk cargo.According to officials, the park is positioned to connect the Eastern and Western Dedicated Freight Corridors, and will transform Noida into an integrated cargo hub with seamless air, rail, and road connectivity.Under the allotment scheme, developers were required to propose a minimum investment of ₹1,200 crore, excluding the estimated ₹800 crore land cost, and show at least 10 years of experience operating container depots or rail terminals. The project aligns with the state's Multi-Modal Logistics Park Policy, 2024, which offers incentives to eligible investors, officials said.On Thursday, UP chief secretary, and chairman of Noida and Greater Noida Authorities, Manoj Kumar Singh, reviewed the project during a visit to Greater Noida. Singh led a presentation session where the three companies showcased their plans, technical expertise, and investment strategies, attended by senior officials, including CEOs of the authorities."The logistics park scheme, with applications closed on June 23, aims to enhance regional logistics infrastructure by integrating multiple transport modes. It is expected to boost supply chain efficiency , reduce logistics costs for industries in western Uttar Pradesh, and create thousands of job opportunities for local youth," the chief secretary said.After the meeting, an official said that a high-level committee, chaired by Singh, will finalise the developer selection. "Once operational, the park will serve as a vital node for industrial clusters in Greater Noida and nearby areas, strengthening UP's position as a manufacturing and logistics hub," the official added.Additionally, a ₹ 8,325 crore Multi-Modal Logistics Hub , spanning 825 acres in Dadri, is under development as part of the Delhi-Mumbai Industrial Corridor (DMIC) Integrated Industrial Township in Greater Noida. Its construction is expected to begin in April 2026.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DLF achieved record sales collections in FY25; uptick in bookings: Chairman
DLF achieved record sales collections in FY25; uptick in bookings: Chairman

Business Standard

time6 hours ago

  • Business Standard

DLF achieved record sales collections in FY25; uptick in bookings: Chairman

Real estate major DLF Limited achieved record sales collections in the financial year 2024-25 (FY25) and also noted a significant uptick in new sales bookings, the company's Chairman Rajiv Singh wrote in the annual report. 'We continue to invest in capex for our new build-outs in Gurugram, Chennai, Delhi, and Goa,' Singh stated. In addition to expanding its residential footprint, DLF is strengthening its position in the commercial and retail segments. 'I am pleased to share that new buildings in Phase I of Downtown Gurugram and Chennai have been completed. Additionally, three retail properties will be opened to the public shortly,' Singh said. "Our new residential projects, The Dahlias and Privana, received an enthusiastic response," the Chairman added. DLF's luxury residential project, The Dahlias in DLF 5, Gurugram, recorded new bookings worth ₹13,744 crore. Riding the demand surge in luxury housing, DLF plans to launch residential projects worth over ₹17,000 crore in FY26. During FY25, the company launched 7.5 million sq ft of saleable area, carrying a revenue potential of ₹40,600 crore. DLF Privana West in Sector 76/77, Gurugram, was fully sold out within days of launch, fetching a sales value of ₹5,600 crore. The company has also lined up a development pipeline of approximately 2.60 million square metres (msm) in office and retail spaces for the medium term. The company's rental business—encompassing offices, retail, and hospitality—continued to show steady growth. The rental business operated at a robust occupancy level of 94 per cent in FY25. DLF expects its rental revenues to exceed ₹10,000 crore over this period. Total new sales bookings for the year stood at ₹21,223 crore. "As we pursue growth, we continue to remain guided by our core values of good corporate governance, transparency, compliance, safety, quality, and customer satisfaction," Singh assured the shareholders. Financial and Operational Performance DLF reported consolidated revenue of ₹8,996 crore in FY25, including other income, marking a 29 per cent year-on-year increase. Consolidated Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose 17 per cent year on year to ₹3,111 crore.

Record housing sales in FY25, strong launch pipeline to meet aspirational needs of mkt: DLF Chairman
Record housing sales in FY25, strong launch pipeline to meet aspirational needs of mkt: DLF Chairman

Economic Times

time7 hours ago

  • Economic Times

Record housing sales in FY25, strong launch pipeline to meet aspirational needs of mkt: DLF Chairman

India's biggest realty firm DLF Ltd has a strong launch pipeline of housing projects to meet "aspirational needs" of the market and the company remains on track to achieve outlined targets, its Chairman Rajiv Singh said. In a letter to shareholders in its latest annual report, he said the company's annuity business, which is leasing of commercial spaces on rent, has been growing steadily. "The country's long-term prospects are bolstered by its growing demographic and economic fundamentals, coupled with ongoing structural reforms," Singh observed. During the 2024-25 fiscal year, Singh highlighted that the company's both residential and rental businesses "experienced robust growth, driven by exceptional performance and timely execution". He said the company's two residential projects, 'The Dahlias' and 'Privana', at Gurugram received an enthusiastic response. DLF Chairman said the company's sales bookings and collections from customers have risen to a record level in the last fiscal year. "We have a strong launch pipeline to meet the aspirational needs of the market; we remain on track to deliver on our outlined goals," Singh said. DLF plans to launch housing properties worth over Rs 17,000 crore this fiscal year to capitalise on the strong demand for luxury homes. The company launched 7.5 million sq ft area during the last fiscal year for sale with an estimated revenue potential of Rs 40,600 crore. Singh said the rental business comprising of offices, retail and hospitality projects continues to grow steadily. "We continue to invest in capex for our new build-outs in Gurugram, Chennai, Delhi, and Goa," he said. The chairman said three retail properties are set to open to the public in the near future. "As we pursue growth, we continue to remain guided by our core values of good corporate governance, transparency, compliances, safety, quality and customer satisfaction," Singh assured the shareholders. The company, he said, is committed to inclusive growth, by cultivating trust, empathy, and a culture of continuous learning. "We have strengthened all teams and built the resilience needed for sustained growth. Our aim is to create long-term, sustainable value for all stakeholders," Singh told shareholders. DLF is India's largest real estate firm in terms of market capitalisation. The company's consolidated net profit rose to Rs 4,366.82 crore during the 2024-25 fiscal from Rs 2,723.53 crore in the preceding year. Total income increased to Rs 8,995.89 crore in the last fiscal year, from Rs 6,958.34 crore in the 2023-24 financial year. On the operational front, DLF reported record sales bookings or pre-sales of Rs 21,223 crore in 2024-25, an increase of 44 per cent from Rs 14,778 crore in the preceding financial year. The company has set a target to sell housing properties worth Rs 20,000-22,000 crore during 2025-26, almost in line with the last financial year. Since its inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million sq ft. DLF Group has 280 million sq ft of development potential across residential and commercial segments, including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million sq ft.

Record housing sales in FY25, strong launch pipeline to meet aspirational needs of mkt: DLF Chairman
Record housing sales in FY25, strong launch pipeline to meet aspirational needs of mkt: DLF Chairman

Time of India

time7 hours ago

  • Time of India

Record housing sales in FY25, strong launch pipeline to meet aspirational needs of mkt: DLF Chairman

India's biggest realty firm DLF Ltd has a strong launch pipeline of housing projects to meet "aspirational needs" of the market and the company remains on track to achieve outlined targets, its Chairman Rajiv Singh said. In a letter to shareholders in its latest annual report, he said the company's annuity business, which is leasing of commercial spaces on rent, has been growing steadily. "The country's long-term prospects are bolstered by its growing demographic and economic fundamentals, coupled with ongoing structural reforms," Singh observed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo During the 2024-25 fiscal year, Singh highlighted that the company's both residential and rental businesses "experienced robust growth, driven by exceptional performance and timely execution". He said the company's two residential projects , 'The Dahlias' and 'Privana', at Gurugram received an enthusiastic response. Live Events DLF Chairman said the company's sales bookings and collections from customers have risen to a record level in the last fiscal year. "We have a strong launch pipeline to meet the aspirational needs of the market; we remain on track to deliver on our outlined goals," Singh said. DLF plans to launch housing properties worth over Rs 17,000 crore this fiscal year to capitalise on the strong demand for luxury homes . The company launched 7.5 million sq ft area during the last fiscal year for sale with an estimated revenue potential of Rs 40,600 crore. Singh said the rental business comprising of offices, retail and hospitality projects continues to grow steadily. "We continue to invest in capex for our new build-outs in Gurugram, Chennai, Delhi, and Goa," he said. The chairman said three retail properties are set to open to the public in the near future. "As we pursue growth, we continue to remain guided by our core values of good corporate governance, transparency, compliances, safety, quality and customer satisfaction," Singh assured the shareholders. The company, he said, is committed to inclusive growth, by cultivating trust, empathy, and a culture of continuous learning. "We have strengthened all teams and built the resilience needed for sustained growth. Our aim is to create long-term, sustainable value for all stakeholders," Singh told shareholders. DLF is India's largest real estate firm in terms of market capitalisation. The company's consolidated net profit rose to Rs 4,366.82 crore during the 2024-25 fiscal from Rs 2,723.53 crore in the preceding year. Total income increased to Rs 8,995.89 crore in the last fiscal year, from Rs 6,958.34 crore in the 2023-24 financial year. On the operational front, DLF reported record sales bookings or pre-sales of Rs 21,223 crore in 2024-25, an increase of 44 per cent from Rs 14,778 crore in the preceding financial year. The company has set a target to sell housing properties worth Rs 20,000-22,000 crore during 2025-26, almost in line with the last financial year. Since its inception, DLF has developed more than 185 real estate projects and developed an area of more than 352 million sq ft. DLF Group has 280 million sq ft of development potential across residential and commercial segments, including current projects under execution and the identified pipeline. The group has an annuity portfolio of over 45 million sq ft.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store