Construction
The government has revised the minimum land requirement and categorization of Special Economic Zones (SEZs). The new law will now permit the co-existence of any SEZ from any sector with others. From now onward, all existing and new SEZs would become multi-sector enclaves and help in the co-existence of such organizations from any other sector. [...] Continue Reading »
Hyderabad: The Municipal Act 2019 which fell into disorder and came under judicial investigation will now be available in the Public domain. To bring transparency in giving building plan approval, Telangana govt would introduce for granting permission for the construction of a new building in the state soon said Minister for Municipal Administration KT Rama [...] Continue Reading »
On Monday, Union Housing and Urban Affairs Minister Hardeep Singh Puri said that the Delhi Development Authority (DDA) will redevelop over 370 JJ clusters under the slum rehabilitation program of the under Pradhan Mantri Awas Yojana-Urban. The decision was taken after the Delhi Urban Shelter Improvement Board (DUSIB), which comes under the AAP government, missed to [...] Continue Reading »
The Real Estate Regulatory Authority of Uttar Pradesh (UP RERA) has written to over 1200 developers asking them to apply for a stress fund announced by the central government. The UP RERA authority said in a media release that the action has been taken in order to make sure that the promoters of such projects are informed [...] Continue Reading »
In a bid to boost the economy and strengthen the construction sector in the country, the PM Narendra Modi led government has instructed all ministries and departments to facilitate due payments to contractors and construction companies. The purpose is to invest the fund in the construction sector and generate more job opportunities. In the past years, an [...] Continue Reading »
The Uttar Pradesh government on Tuesday decided to exempt builders from paying out the penal interest and other dues for the period of their project is stalled due to lawsuit if they pass on this privilege to the home buyers. The decision to provide a “zero period” benefit to builders was taken at a state cabinet meeting chaired by Chief [...] Continue Reading »
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has expended crores of rupees to train specialists in the construction sector. They have even furnished the names, email addresses, contact numbers, home addresses and pictures of the specialists on their website, and have requested developers to take the help of these specialists to train their unskilled labors. [...] Continue Reading »
On 29th November 2019, Switzerland’s Zurich Airport International AG known for Switch Clockwork-precision operating at its flagship Zurich Airport came out as the highest bidder for the proposed international airport at Jewar, Noida, Uttar Pradesh, overstep competitors like Adani Enterprises Ltd, DIAL, and Anchorage Infrastructure Investments Holdings Ltd by offering the highest bid sparking hopes for the [...] Continue Reading »
The Central Govt on 28th November 2019 approved construction of nearly 3.31 lakh more houses under Pradhan Mantri Aawas Yojana (Urban), taking the total number of houses being funded to 96.5 lakh. The 49th Central Sanctioning and Monitoring Committee (CSMC) meeting under Pradhan Mantri Awas Yojana (Urban) which was held on 28th November approved 606 recommendations [...] Continue Reading »
In an attempt to help the NBFCs and real estate companies, the center is considering more relief measures for both underscore sectors. In the last few months, the government has announced or initiated some measures to sharp reduce liquidity and credit crisis in the economy. Source states, the government is considering the option of relieving [...] Continue Reading »
