Infrastructure
Recently several cities in India are taking action against illegally constructed buildings. In Hyderabad also after a gap of around 20 days, the Greater Hyderabad Municipal Corporation or the GHMC has taken strict decision to make a renewal in the crackdown procedure of unauthorized buildings that have been constructed in the city. The Greater Hyderabad [...] Continue Reading »
There is some true good news for the real estate industry and infrastructure industry as the government today proposed tax incentives for two new investment instruments -REITs and InvITs- . This is expected to attract long term funds from foreign and domestic investors, including the NRIs. The new investment products, Real Estate Investment Trusts (REITs) [...] Continue Reading »
The setting up of an integrated textiles park (ITP) has been proposed in Mayurbhanj district in Odisha. The textile park – which will give a notable boost to the state’s textile sector – has been proposed under the Scheme for Integrated Textiles Park (SITP) of Union ministry of Textiles. About the proposal for the ITP [...] Continue Reading »
During the course of an Assocham event held in New Delhi on Wednesday, Warehousing Development and Regulatory Authority (WDRA) Chairman Dinesh Rai said that the cost of land is one of the main constraints for the warehousing sector in India. Asserting that other logistic costs are also significant for India’s unorganized warehousing sector, Rai said it is pertinent [...] Continue Reading »
Bangalore is apparently set to benefit from the NDA government 2014-15 fiscal budget, especially when it comes to the government’s noteworthy focus on getting the ‘smart cities’ project implemented enthusiastically by developing 100 smart cities. That the Budget is a good sop for Bangalore is evident from the fact that the one of the country’s [...] Continue Reading »
Presenting the Budget 2014-15 on Thursday, Union Finance Minister Arun Jaitley announced a number of steps which will fast-track infrastructure projects being developed via public-private partnership (PPP) process. Giving infrastructure in PPP a notable push in the Budget, Jaitley drew attention to the fact that PPP has effectively delivered iconic infrastructure – including highways, ports [...] Continue Reading »
In a noteworthy announcement made by Finance Minister Arun Jaitley during the course of his Budget speech on Thursday, ‘slum development’ will henceforth be treated as one of the Corporate Social Responsibility (CSR) activities. The Finance Minister’s move to include ‘slum development’ as a CSR activity will essentially work as a supplement to the ongoing [...] Continue Reading »
With the Budget 2014-15, Finance Minister Arun Jaitley has pressed the acceleration pedal for the ‘infrastructure development’ in the country. Against the backdrop of the fact that slow approvals, disputes and scandals have dealt a severe blow to infrastructure development in the past, the NDA government has announced new initiatives for developing smart cities, airports [...] Continue Reading »
Sarathi Studios have accepted to give its major land in Ameerpet to meet the need of Hyderabad metro rail project to build an interchange cum circulation area. This will act as a catalyst for the Hyderabad metro rail project. The interchange that will be built shall help facilitating passengers to move within two corridors. The [...] Continue Reading »
Analysts suggest that it is really tough to find any fault in the Economic Survey which is putting emphasis on restarting stopped infrastructure projects. This would make it easier for different developers to either enter or exit a particular project. However the analysts also state that they would rather like to wait for specific details [...] Continue Reading »
