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Odisha State Govt will soon form a subsidiary to execute Smart City projects
Q: The state government of Odisha will soon form a special purpose vehicle (SPV) for effective implementation of different projects under the Smart City scheme.

bmc
bda
bhubaneswar development authority
bhubaneswar municipal corporation
special purpose vehicle
svp
smart city projects
Latest Answer: Hi all, I hear that the plot for the BTCD has been identified and faces Janpath Road on the east, Udyan Marg on the south, railway tracks on the west, and Maharishi College Road on the north. It houses key landmarks such as Ashoka Market, Master Canteen Chowk, Bhubaneswar Railway Station, Ram Mandir and Rajmahal Chowk.
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Mumbai's Smart City proposal estimate is lowest
Q: In Maharashtra, the Mumbai proposal estimate of just Rs. 1118 crore is the lowest among all the 10 major cities.

smart cities
brihan mumbai municipal corporation
special purpose vehicle
spv
smart cities in mumbai
thane municipal corporation
smart city project estimate
maharashtra
mns
maharashtra navnirman sena
Latest Answer: Hi Shreya, It definitely is refreshing to hear that the Mumbai proposal is the lowest among the 10 major cities. However, I am skeptical as to how far this will remain accurate when it comes to the implementation of the project. If we look at the past project proposals both in Mumbai as well as other cities in the country we an see that more often that not they have overshot their initial estimate. While the low proposal is still welcome, I doubt that the project will be able to stick to it's proposal considering the high amounts of corruption, bureaucracy etc.
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Special purpose vehicles for at least 20 smart cities
Q: Yes, and the SPVs will be floated by January 2016 to give a boost to prime minister Narendra Modi's favorite smart cities initiative.

smart cities
prime minister narendra modi
special purpose vehicle
spv
smart cities in mumbai
smart cities in india
Latest Answer: for latest info check www.indiasmartcities.com
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Rs 800-cr realty deal between Goldman Sachs and Piramal Realty.
Q: The US-based investment bank, Goldman Sachs, is in advanced talks with Piramal Realty to pick up a stake in some of the most recent real estate assets in a deal that could be worth Rs. 800 crore.
Gurmeet

real estate mumbai
real estate news
goldman sachs
special purpose vehicle
spv
piramal realty
us-based investment bank
byculla central mumbai
kurla in mumbai
Latest Answer: Piramal Realty launching its Piramal Aranya Project in Byculla on 1st of March 2016 - For More details : http://properties.iproto.org/piramal-aranya-ranibaug-byculla/
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Realty developers across the country are pinning their hopes on the upcoming Union Budget for business revival.

real estate
reits
union budget 2015
union budget 2015-16
special purpose vehicle
budget 2015-2016
fasten project approvals
tax incentives
infrastructure status
svp
Latest Answer: Both homebuyers and developers are expecting the Budget to offer sops that will boost demand as well as supply of affordable housing. Currently, home buyers get a 1% interest subvention for loans up to 15 lakh for a house priced below 25 lakh.
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Tax Incentives and Budget Reforms can Boost Real Estate Industry
Q: Do you think that budget reforms can boost the realty market? What are the initiative that government should take? Your opinion is highly appreciable.

home loan
rbi
real estate investment trust
land acquisition act
gst
dividend distribution tax
fdi in construction
100 smart city
goods and services tax
housing for all by 2022
special purpose vehicle
spv
ddt
Latest Answer: Hi Everybody, Let's finger crossed and hope for the best for all sector. Primarily, the Budget will see the government's important projects, including the Smart Cities project, getting much support, including upcoming special economic zones to see reduced alternate tax and dividend distribution taxes. The government may also rationalize duties and set the differential MAT rate at (5-10)%. The government is also expected to give incentives to banks that are losing money over zero-account bank schemes.
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