NHAI awards project worth Rs 1,256 crore on Gurgaon-Sohna road

NEW DELHI: The National Highways Authority of India (NHAI) has awarded project worth Rs 1,255 crore for the development of a stretch of Dwarka Expressway with a view to decongest traffic between Delhi-Gurgaon, the government said today.


“The NHAI, has issued LOA for development of NH-8 Haryana on Hybrid Annuity Mode.   Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of existing Delhi-Gurgaon Expressway,” Ministry of Road Transport and Highways said in a statement.

The project involves six-laning and strengthening of two separate sections of about nine and 13 kilometers of NH in Gurgaon at a cost of Rs 1255.77 crore.

The project comprises four minor bridges, a flyover and five foot-over-bridges, it said.

This stretch of Gurgaon -Sohna road will ultimately provide alternative connectivity of NH-8 to KMP Expressway and also help in decongestion of Delhi-Mumbai Corridor and enhance the efficiency of this stretch, the statement added.

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Gurgaon: NHAI invites tenders for elevated road on Dwarka Expressway, construction may start in April

Invites tender for 10km elevated road between Delhi-Gurgaon border, Basai railway overbridge


The construction of the Northern Peripheral Road (NPR), popularly known as the Dwarka Expressway, is likely to start next month as the highways authority has initiated the process of inviting tenders for an elevated road.

Simultaneously, efforts are being made to settle litigations to clear land for the project that was initiated in 2007.

The biggest road block in completion of the Dwarka Expressway has been transfer of litigation-free land from the Haryana government to the NHAI.

“A week ago, the National Highways Authority of India (NHAI) opened tender for the construction of the proposed elevated road on the Dwarka Expressway. Hopefully, construction (of the elevated road) would commence anytime in April. By that time, Huda is making efforts to vacate the stay on land falling in alignment of the expressway in New Palam Vihar,” said Rao Inderjit Singh, Union minister of state and Member of Parliament from Gurgaon.

Besides opening of tender, the Haryana urban development authority (Huda) has also started the process of demolishing structures affecting the road’s alignment.

While the Huda has demolished one house that was affecting the road’s alignment, it has given compensation to all 70 house owners and served notices cautioning them to vacate by Monday, March 20, or face action.

The Huda has also decided to file a petition in the Supreme Court to vacate the stay granted by Punjab and Haryana high court on acquiring land from plot owners with general and special power of attorneys (GPA-SPA) for the NPR project.

“We will move a petition in the Supreme Court to vacate high court stay soon to acquire land,” said Chander Shekhar Khare, administrator Huda, Gurgaon.

Meanwhile, the NHAI-appointed consultants have started site inspection of the expressway.

“The government at the centre and the states (Delhi and Haryana) are trying their best to resolve litigation affecting land acquisition. However, NHAI has opened its tender as sign of positive development in this regard,” said a senior NHAI official, requesting anonymity.

With this, investors who bought plots and flats along the Dwarka Expressway are hopeful that the NHAI would commence construction of the proposed elevated road between Delhi-Gurgaon border and Basai railway overbridge (ROB) in April.

The developers of housing complexes along the proposed road have not completed projects, which are delayed by three to five years, due to inordinate delay in completion of the Dwarka Expressway.

This delay has also affected the spread of basic civic amenities to such as sewer, water, roads and electricity connections, in the area.

“Huda has not been able to acquire a small portion of land in New Palam Vihar since a few houses of oustees, who have purchased land on GPA/SPA are yet to be vacated. Huda went out of its way and allotted alternate plots to these oustees, but the allotment has been stayed by Punjab and Haryana high court. Fate of over one lakh legitimate homebuyers and a ₹7,500 crore project of national importance lies in the hands of the court today,” said Manish Grover, member of the Dxp Welfare Association.

Source : http://bit.ly/2FK8QQe

NHAI awards Rs 1,047 cr Dwarka Expressway package to L&T under Bharatmala project

The National Highways Authority of India (NHAI) has awarded to L&T one of the five packages of Rs 7,500 crore Dwarka Expressway project in Haryana under the Bharatmala project, the government said today.


The National Highways Authority of India (NHAI) has awarded to L&T one of the five packages of Rs 7,500 crore Dwarka Expressway project in Haryana under the Bharatmala project, the government said today. The package to build eight-lane expressway from Basai RoB to NH 8 – SPR intersection in Haryana will be executed at a cost of Rs 1,047 crore under EPC (engineering, construction and procurement) mode, Ministry of Road Transport and Highways said in a statement. “The NHAI has issued Letter of Award – LOA for Package-4 of Dwarka Expressway from Basai RoB to NH-8 – SPR intersection in Haryana on EPC under Bharatmala Pariyojna…This eight-lane Expressway (NH-248 BB) will be constructed on EPC Mode at a cost of Rs 1047.007 crore. The 8.76 km stretch of the road will be constructed by L&T,” the statement said.

Development of this section of Dwarka Expressway will ensure seamless and safe movement of traffic between Delhi-Gurgaon and help in decongestion of the Delhi-Gurugaon Expressway, it said. The project comprises of 8-lane elevated structure for main carriageway of Dwarka Expressway, Trumpet Interchange for Manesar Road and Cloverleaf interchange with NH-8-SPR intersection.

The completion period of the project is two years with maintenance period of four years. Under the project, a minor bridge will be widened, additional ROBs, five VUP (vehicle underpass), six Bus Bays with Bus Shelter will be erected and four Junction Improvements will be carried out, it said. “Dwarka Expressway has to be implemented in 5 Packages.

The first package of 5.3 kms is from Shiv Murti to RuB, the second of 4.2 kms from RuB to Haryana border, package 3 from Haryana border to BasaiRoB – 10.2 Kms, package 4 from Basai RoB to NH-8 – SPR intersection – 8.77 Kms, and the fifth package – 5 kms of Western Airport Connectivity from Dwarka Expressway through tunnel,” the statement said. The Expressway is proposed to be built at an estimated expenditure of Rs 7,500 crore. P

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India’s largest toll plaza with 40 lanes proposed at Sehrawan

GURUGRAM: India’s largest toll plaza will come up at Sehrawan, about 11km from Kherki Daula, if NHAI gets land for it from the district administration. The toll plaza will have 40 lanes, NHAI officials said on Saturday.

India_s largest toll plaza

Each lane will be made at a cost of Rs 9 lakh, TOI has learnt. The Gurugram-Delhi Expressway (Sirhaul) toll plaza with 32 lanes was the biggest in India before it was scrapped in 2014.

According to NHAI officials, the 40-lane toll plaza that has been proposed at Sehrawan will ensure less traffic congestion than the Kherki Daula toll plaza which has 23 lanes.
However, the proposal to shift the Kherki Daula toll plaza to Sehrawan has been facing flak from environmentalists who claim the land is a forest area and wildlife corridor.
The district administration is yet to get the forest clearance for the land but has allotted 65 acres, including 59 acres under Manesar village, 5 acres under Sehrawan and one acre under Kakrola, for the new toll plaza.

India_s largest toll plaza with 40 lanes proposed at Sehrawan

The shifting of the Kherki Daula toll plaza was officially announced in 2017 by Union minister for road transport and highways Nitin Gadkari after talks on the matter for over two years. The district administration allotted land for it in Sehrawan in December 2017.
Ashok Sharma, NHAI project director, Gurugram, said, “We have not received land for the Sehrawan toll plaza yet.”

MD Malla, managing partner of Malla Consulting, consultant for the project, said, “NHAI will need 65 acres for the toll plaza, including portions of Kakrola, Sehrawan and Manesar. The toll plaza will run for 1.3 km on the NH8, starting from the point which is at a distance of 51.9 km from ISBT and ending at the 53.2-km point. The highway will be widened for the toll plaza, starting from the Government Polytechnic College in Manesar.”

In 2014, the 32-lane Sirhaul toll plaza was removed after all parties concerned, including NHAI, expressway operator Delhi-Gurugram Super Connectivity Ltd (DGSCL) and lead banker for the project, Infrastructure Development Finance Company, reached a mutual settlement at the end of a prolonged legal battle in which charges of financial irregularities were levelled against DGSCL.

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Blackstone in talks to buy three malls to push retail realty play

US-based private equity major Blackstone Group is stepping up efforts to spread its retail real estate assets footprint across the country and is currently in talks to acquire three retails malls, said two persons familiar with the development.

These proposed acquisitions spread over around 2 million sq ft will push Blackstone’s retail portfolio from 5.1 million sq ft to over 7 million sq ft, making it the largest retail mall operator in India

“To support the next level of growth in retail portfolio, Blackstone is eyeing opportunities in both tier-I and -II cities. The sizes of these assets vary from 2 lakh sq ft to 1 million sq ft, depending on the location that makes them commercially viable,” said one of the persons mentioned above.

Blackstone, through its retail subsidiary Nexus Malls, has charted out an aggressive plan to expand its current portfolio of eight retail malls acquired over the past two years. The private equ ..

Blackstone has recently roped in former managing director of Godrej Consumer Products and Hindustan Unilever’s executive director — New Ventures, Dalip Sehgal as CEO at Nexus Malls, to help its strategy to grow retail assets portfolio.

“We are committed to grow our retail portfolio and bring in the best management talent to provide high quality experience for both our customers and retail partners. Dalip is a seasoned professional with over 38 years of consumer facing experience and I h ..

Both Parikh and Sehgal, however, declined to comment on the proposed acquisitions. As part of the new assignment, Sehgal would be focusing on accelerating the growth trajectory of the business and building a best in class retail business.

“Our current annual sales from existing assets is around Rs 3,000 crore and we are on track to achieving 15-20% annual growth in this number for the next couple of years. We are currently upgrading the consumers’ experience at all of our properties,” S ..

Blackstone’s current portfolio of retail assets include 1.15-million-sq-ft Elante Mall in Chandigarh, nearly 1-million-sq-ft Seawoods Grand Central Mall in Navi Mumbai and two assets each in Indore and Pune. In November 2015, it had also acquired two malls in Amritsar and Ahmedabad from Alpha G Corp.

Over the past few years, Blackstone has emerged as the most aggressive institutional investor in India’s real estate sector, picking up properties across major cities in deals that are turn ..blackstone

The private equity player established its India office in August 2005, and since then has committed over $7 billion to companies in the country.

In its real estate portfolio, Blackstone has over 27 investments that own 56million sq ft across 28 operating office and non-office assets. Of its total $4.1 billion real estate investments, it has invested $2.8 billion in office real estate assets, while $1.3 billion has gone towards non-office real estate assets. It also has 19.2 million sq f ..

Large global institutional investors, including Blackstone Group, Brookfield Asset Management, GIC, Canada Pension Plan Investment Board (CPPIB), Goldman Sachs and Qatar Investment Authority have been investing aggressively in Indian real estate assets over the past few years.

After a few years of reduced focus on retail real estate, private equity firms have set their eyes again on retail real estate assets in the backdrop of rising consumption levels and strategy to diversify their in ..

With an aim to creating a portfolio of assets as the Indian market expands, some of the leading global private equity and sovereign funds, including Blackstone Group, Canada Pension Plan Investment Board (CPPIB), APG Asset Management, Xander Group and GIC have started investing in retail real estate, and this trend is expected to strengthen further.

Source : http://bit.ly/2tiYbGd