Infrastructure
Emmar properties tied up with MGF to launch a joint venture in India in 2005. It is focused on high-end residential and commercial properties. Emmar’s most iconic creation is Burj Khalifa in Dubai. The plan for an ‘architecturally aesthetic’ building is still in very initial stages. The company is talking with foreign designers and architects, [...] Continue Reading »
Instead of acquiring land from owners, the Kerala state government is exploring the option of purchasing land directly from the owners by registering the title deed for the Kochi Metro Rail project. There are concerns that if the land is acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement [...] Continue Reading »
The French financial agency Agence Française de Développement (AFD) has signed a project agreement with Kochi Metro Rail Ltd for a €180 million long-term loan for the Kochi Metro Phase-1 project. The agreement was signed by Anne Paugam, Chief Executive Officer of the French Development Agency and Elias George, Managing Director of Kochi Metro Rail [...] Continue Reading »
Greater Noida is leaving the Auto Expo visitors spellbound with its widened roads, the green Noida-Greater Noida Expressway and Yamuna Expressway which has seen throngs heading to the city for global meets like the Indian Grand Prix and the recently held Asian Development Bank (ADB) conclave. As a result, Greater Noida has emerged as a [...] Continue Reading »
The Hyderabad-based road developer, Madhucon Projects Ltd, plans to sell at least 74% stake in Madhucon Agra–Jaipur Expressways Ltd to IDFC Alternatives Ltd, the private equity (PE) arm of IDFC Ltd. Madhucon Agra-Jaipur Expressways runs the along National Highway (NH) 11 and connects NH 8 with NH 2, which are part of the Golden Quadrilateral. The expressway [...] Continue Reading »
The people who were displaced due to a steel mill originally planned by Tata Steel at Gopalpur demanded a special package and stage a dharna in front of Ganjam collector’s office. Around 2,500 families who were affected, particularly from eight villages – Sindhigaon, Badapur, Patrapur, Paikapada, Kalipalli, Sindhu Nagara, Braja Nagara and Jyoti Nagara – [...] Continue Reading »
As per the latest estimate by Deloitte, the trillion dollar opportunity that the Indian infrastructure sector presented at the start of the 12th five year plan is undergoing serious financial constraint. The consulting company says that there is a shortage of around Rs 19 lakh crore in the debt component against the requirement of Rs 32 [...] Continue Reading »
Government of India’s decision to blacklist Cyprus for not providing tax data is set to hit developers and realty funds. Investors who have taken funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. The investments have now jumped to 30% which [...] Continue Reading »
India and Zimbabwe have decided to increase cooperation in sectors such as pharmaceuticals, infrastructure and health to boost trade and investment between the countries. The agreement was reached in the presence of Commerce and Industry Minister Anand Sharma with Zimbabwe Vice President, Joice T R Mujuru and Industry and Commerce Minister Michael Bimha in Harare [...] Continue Reading »
The Greater Mohali Area Development Authority (GMADA) will hold the draw of lots for residential and commercial plots on February 20, upon completion of work in Aerocity. As told by the GMADA chief administrator, Mr. A.K. Sinha, a total of Rs. 280 Crores are believed to have been spent on the works and maintenance of [...] Continue Reading »
