Infrastructure
With an aim to fast-track the work on much-hyped Navi Mumbai International Airport (NMIA) project, the City and Industrial Development Corporation (CIDCO) recently laid the foundation stone for the development of Pushpak Nagar (Dapoli). Spread across 220 ha, the area enjoys proximity to the airport with the NH-4B cutting across the landmass. Construction work is [...] Continue Reading »
In a working paper on infrastructure finance submitted recently to the Reserve Bank of India (RBI), state-run IIFCL has urged the country’s top bank to ease repayment periods, so that infrastructure firms can be protected against potential cash blows. The IIFCL has made a request to the RBI to give the lenders the ability to extend [...] Continue Reading »
The Public Works Department (PWD) has recently placed a formal proposal before the Maharashtra state government for buying back 30 two-lane toll roads across the state. The toll roads which have been considered in the proposal essentially include those roads where only up to 3 years of toll collection have been left. If the ‘toll [...] Continue Reading »
The National Highway Authority of India (NHAI) has stopped the construction of a building at Pimpalgaon and granted no permit to Sohanlal Bhandari for the same, when allegations on construction purpose and making it from a residential to a commercial one was done without notifications. It is said that the conditions for the same to [...] Continue Reading »
The incoming government has not yet set foot into the parliament, and the Modi rule has already made plans to gift Uttar Pradesh the best, 60 flyovers for KASHI. According to sources from the government outback, Team Modi has spread its wings far an wide across the bureaucracy and has proposed their ideas on development [...] Continue Reading »
Reliance Infrastructure sings the song of hope as it waits for the nod to set up the Mumbai Metro line in the next ten days, says a source. The company now waits eagerly for the Indian Railway Board to give it’s final approval, and then the project is scheduled to begin with its commercial operations [...] Continue Reading »
There have been many violations and deviations on the green needs, which now the esteemed BMC has been asked to check for. BMC would have to do the necessary and mandatory checks before issuing commencement certificates for the revised plans of MIG(BLOCKII) located at Bandra East. According to sources from the State Environment Appraisal Committee [...] Continue Reading »
The nation’s capital has seen the game of the wrecking ball, smashing new illegal constructions in its way in the past, and now as well. Sources from the district administration have made it very clear that the nation’s capital would not tolerate the mushrooming of illegal constructions which have risen in the past two months [...] Continue Reading »
There were many economic reforms made across the nation in the past two decades, but the country still needs to work out plans on many sub-indices, namely on; starting a business issuing construction permits getting electricity registering property paying taxes trading across border enforcing contracts Resolving insolvency and more, says a source which would make [...] Continue Reading »
Second-home buyers who are looking for upscale residential locations in Mumbai are increasingly getting fascinated by, and attracted to, the Western suburbs; thanks chiefly to the affordable property costs in the these areas. With gross yield or rental yield from a property being one of the key attractions for investors in Mumbai, the Western suburbs [...] Continue Reading »
