Construction
The government is taking a move that could open up funds flow into the financially stressed sector by proposing relaxation of norms for foreign investment in construction. 100 per cent foreign direct investment is allowed through the automatic route in development of townships, housing and built-up infrastructure, subject to stringent conditions, under current rules. A company owned and controlled by an [...] Continue Reading »
The Project Monitoring Group (PMG) functions in tandem with the Cabinet Secretariat has since its inception (last seven months) sorted out problems for a total of 84 mega projects amounting to an investment of Rs 3.71 lakh crore. The Chairman of the PMG, Mr. Anil Swaroop differs and says that they have resolved the problems [...] Continue Reading »
New Delhi- Public Works Department (PWD) is all set to lay around 500 concrete roads in the city on a move to improve the lifespan of stretches prone to water logging. Najafgarh-Nangloi, Uttam Nagar-Najafgarh and Rama Road near Karol Bagh are among the main stretches of the 500 roads, while rest of them are small [...] Continue Reading »
Gurgaon: Delhi-based leading real estate developer Ramprastha Group has launched a premium residential project called Primera in Sector 37D in its renowned township project named ‘Ramprastha City’ near Dwarka Expressway. Primera is situated in a lush green environment. With a slew of modern facilities and services being provided, the project offers lavish and comfortable living experience [...] Continue Reading »
Hyderabad- The Hyderabad metro rail project has got a final approval for viability gap funding (VGF) of Rs 1,458 crore from the empowered committee of the finance ministry. This amount is 12.35 percent of the estimated total project cost. It has been provided by the state under VGF scheme for the development of the metro [...] Continue Reading »
Surat: Three new projects have been sanctioned for Surat under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in order to provide better basic amenities to the residents of the city. The projects that the Surat municipal corporation (SMC) has been given the approval include a 50 million litres per day (MLD) water treatment plant [...] Continue Reading »
New Delhi: With few minor modifications, the redevelopment plan of Kidwai Nagar (East) has been approved by the Delhi Urban Art Commission (DUAC). If the area is redeveloped, it is expected to allow multi-storeyed residential towers comprising around 4,800 residential units besides one million feet of commercial space in that area. the project will be [...] Continue Reading »
Noida: Noida and Greater Noida are witnessing development projects worth Rs 3,337 crore. The residents of the twin districts have been awaiting this for nearly an year. In the coming few years, the two districts will be flushed with several development activities. The key projects coming up in Noida and Greater Noida include- two new [...] Continue Reading »
Delhi-NCR: KV Developers is to invest Rs 300 crore for its new group housing project in Greater Noida by 2016 in which they are planning to build about 800 flats. This is the first real estate project by KV Developers. The realtor is planning to launch the project soon and to start the construction work [...] Continue Reading »
Gurgaon: The Municipal Corporation of Gurgaon (MCG) is planning to construct a foot over bridge (FOB) at village Dundahera near the Kapashera border in Old Delhi Road. This move will help the pedestrians in crossing the busy road in a safe way. The bridge is likely to benefit the residents of Saraswati Vihar, Udyog Vihar [...] Continue Reading »
