Infrastructure
The government is redesigning the way highways projects are allocated based on the assessment of their viability. This step is taken to fast track the awarding of the highway projects, and thereby expediting the construction process. This move might be good for the infrastructure development of the country. According to the sources, projects would now [...] Continue Reading »
In sync with one of the key policy initiatives of the Modi government to provide housing to the urban poor, the government is planning to expand the net of affordable housing to include more people under the various housing projects targeted at economically weaker sections (EWS) and lower income group (LIG). The proposal drafted by [...] Continue Reading »
Prime Minister Narendra Modi will lay the foundation stone tomorrow for widening of a road project in Haryana that entails Rs 4,000 crore investments. The Prime minister is to launch four-laning of over 160 Kms National Highway from Kaithal to the border of Haryana -Rajasthan at a function at Kaithal in Haryana tomorrow as an [...] Continue Reading »
The National Highway Authority of India (NHAI) has proposed a single-way tunnel between Pandoh and Aut on the Rs 4358.21-crore Ner Chowk-Kullu-Manali highway, which awaits the nod of the Ministry of Surface Transport and National Highways. As per the report submitted to the ministry, the NHAI has proposed one-way tunnel between Pandoh and Aut as [...] Continue Reading »
Chennai Metro Rail Limited (CMRL) has planned to create multi-level parking lots at a few stations. This came to the wake of the parking worries of the commuters. The good part of the multi-level parking lots is that they do not consume extra ground space and since the levels are stacked one above the other, [...] Continue Reading »
The Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
The consumer sentiment in Coimbatore real estate sector has been showing a noteworthy improvement of late. According to CREDAI-Coimbatore President Rajesh B Lund, ‘good, steady sales’ were recorded by all developers in the city last year. Lund said that, with improved consumer sentiment, there has also been a significant increase in realty bookings in recent [...] Continue Reading »
The Realty player Poddar Developers today reported over three-fold jump in the consolidated net profit for the April-June quarter at Rs 10.20 crore mainly on the back of improved sales. It had reported a net profit of Rs 2.94 crore in the corresponding quarter last fiscal, a release issued here said. The Mumbai-based firm sales [...] Continue Reading »
In a move which will give a massive push to stalled highway projects worth Rs. 50,000 crore, the Union Government has reached a decision on Tuesday with regard to giving forest and mining clearances for road projects. According to the details shared by Government officials, the move will benefit a number of big ticket road projects. Some [...] Continue Reading »
The Union Government apparently has efforts underway to invite bids for building smart cities in Gujarat, Madhya Pradesh and Greater Noida regions, within the current financial year. The regions for which the Govt is readying to invite bids for development of smart cities include Dholera investment region in Gujarat; Vikram Udyogpuri in Madhya Pradesh, along the Delhi-Mumbai Industrial [...] Continue Reading »
