Infrastructure
S B Nayar, chairman and managing director, IIFCL (India Infrastructure Finance Company Limited) is hopeful about the infrastructure sector with the shift in electoral charge. He mentioned that in the recent past, particularly last year, there hardly has been any investment in this sector by the UPA Government. He also feels that there should be [...] Continue Reading »
Urban Development Minister M Venkaiah Naidu revealed in an interview with TOI on Friday that Delhi Development Authority (DDA) has been asked to offer more housing schemes for buyers from all income groups. The move is essentially aimed at meeting the shortfall in housing in the Capital. According to the details shared by Naidu, DDA will plan more housing [...] Continue Reading »
It seems that there is Saturn hovering on the Mumbai Metro Project. UPS Madan the metropolitan commissioner of MMRDA (Mumbai Metropolitan Region Development Authority) mentioned that they have decided to challenge a single-bench order of the Bombay High Court on the Mumbai Metro fares in front of a division bench. The recently commissioned Mumbai Metro has [...] Continue Reading »
There are many infrastructure and road projects which are stuck due to lack of money and the National Highways Authority of India (NHAI) has decided to soon roll out a proposal to take over such stalled projects. NHAI will run these projects for a few years to recover the funds infused and then will hand [...] Continue Reading »
The state-run Mumbai Port 142 years old, and is in dire need of a revival. Shipping minister Nitin Gadkari said that a committee has been set up to utilize the 1,800 acres of land it owns. The committee will function under the leadership of Rani Jadhav, former chairperson of the Mumbai Port Trust. They are [...] Continue Reading »
In an indication that Ajay Piramal-led Piramal Enterprises is apparently eyeing the acquisition of road assets in India, the company has worked out an advisory services agreement with merchant banker SBI Capital (SBI Cap) on Thursday. Under the terms of the agreement signed by Piramal Enterprises and SBI Cap, the companies have mutually consented that, [...] Continue Reading »
Real estate firm Omaxe Ltd plans to raise Rs.300 crorein this fiscal of FY 2014- 2015 through selling part of its equity to fund the on-going as well as future projects. The company expects the property market to pick up momentum by the next quarter and has planned to launch seven projects in the July-September [...] Continue Reading »
In an evident attempt to ease traffic gridlock caused because of lack of sufficient parking areas in the vicinity of the Taj Mahal, the Agra district administration is planning the construction of three parking lots in the Taj surrounding area. A proposal for the three new parking lots in the Taj vicinity will be prepared [...] Continue Reading »
At a meeting in New Delhi earlier this week, the Union Government gave an in-principle approval to the signing of an MoU which will pave the way for setting up of Chinese industrial parks in India. According to the information shared by Jagat Shah, Secretary-General of the China India Trade and Investment Centre (CITIC), the [...] Continue Reading »
After the proposed IT Corridor plan at Dona Paola failed, the state government has begun to identify land to set up India’s most prestigious educational institutes in Goa. Mamata Banerjee, the C.M of West Bengal had announced about the construction of an AIIMS campus in West Bengal in the beginning of the week. On the [...] Continue Reading »
