Infrastructure
The government plans to develop smart cities and townships across the state with high-density vertical buildings and adequate green area. The New Town Kolkata Development Authority (NKDA) has already started following the model for Rajarhat New Town. An NKDA official said they are trying to showcase New Town as the Singapore of Kolkata and the [...] Continue Reading »
The next seven years will be very crucial for the rapidly growing e-commerce firms in India. The real estate industry in India is expected to benefit hugely by this trend as the e-commerce firms need to store huge inventories and need big warehouses for those purposes. Anshuman Magazine the chairman and managing director, of CBRE South [...] Continue Reading »
Abenomics meets Modinomics in a deal between our PM Narendra Modi and the Japanese PM Shinzo Abe. Prime Minister Narendra Modi landed in Osaka on Saturday and, within hours, oversaw the signing of a MoU (Memorandum of Understanding) with the Japanese PM Shinzo Abe. This MoU is meant to turn Varanasi into a ‘smart city’ [...] Continue Reading »
On Wednesday Asian Development Bank (ADB) announced that it would provide up to $7-9 billion loan to the country over the next three years. This money will be used for supporting the infrastructure development in India. Takehiko Nakao the president of ADB talked about this new development in New Delhi and mentioned that ADB’s operations for India [...] Continue Reading »
Post the Modinomics wave, there is a positive sentiment in all the sectors including the insurance sector. The Life insurance companies are awaiting a nod from the Insurance Regulatory Development Authority (IRDA) to invest in the infrastructure bonds issued by the banks. Currently, the infrastructure bonds have not been given the ‘infra’ status by IRDA and [...] Continue Reading »
The Maharashtra Industrial Development Corporation (MIDC) has again failed to get any bids for the Information Technology (IT) Park. This happened despite reduction in bidding rate and after deciding to extend the deadline by 10 days. The IT Park has been lying idle for over a decade. The economic slowdown had pushed the expansion plans of the [...] Continue Reading »
It has been a mixed bag so far for the highways sector under the new government. And it has also taken some initiatives in order to ease the process to award projects and push through held-up works, but a key demand on the wish list of the road transport ministry and National Highways Authority of [...] Continue Reading »
Travelling within the NCR will become fast and smooth with Delhi Metro Rail Corporation constructing a 9.6km elevated track to Ghaziabad in December. What makes the alignment unique–apart from passing through congested roads and linking Old Ghaziabad with Kashmere Gate–is the way station buildings will be connected with the viaduct. To speed things up, a [...] Continue Reading »
Union urban development minister Venkaiah Naidu said that Centre would favourably consider plans to extend Kochi Metro to Tripunithura and Kakkanad. The minister assured Kochi Metro Rail Ltd (KMRL) that the government would consider their request to allocate Rs 400 crore additionally in the current fiscal. This year, Kochi Metro is looking for a budgetary [...] Continue Reading »
Kanpur Development Authority (KDA) enforcement wing of zone-1 on Wednesday demolished the development work of two builders near Raksha Vihar on G T Road. The builders were named as Santosh Pandey & Manoj Pandey and M/s latika Constructions. Executive engineer of zone-1 Manoj Kumar Mishra said Pandey brothers had illegally developed plots on around 50 [...] Continue Reading »
