Infrastructure
With the massive slump in the real estate demand in Tier 2/3 cities, the sector had been bleeding profusely. The developers who had earlier planned the projects in smaller towns have now stalled these. However, the cities with some “spiritual connect” are experiencing steady demand even in the days of slump. In the words of [...] Continue Reading »
The Project Monitoring Group (PMG) functions in tandem with the Cabinet Secretariat has since its inception (last seven months) sorted out problems for a total of 84 mega projects amounting to an investment of Rs 3.71 lakh crore. The Chairman of the PMG, Mr. Anil Swaroop differs and says that they have resolved the problems [...] Continue Reading »
The Ministry of Road Transport and Highways (MoRTH) has come up with revised toll charges for four/six-laning expressways. The center has suggested that the investment will be rationalized its existing tolling norms across the 35,000-km stretch of National Highways. The road ministry has vocally confirmed that the affair of permitting road companies to collect toll [...] Continue Reading »
Kalindi Kunj Bridge was built in 1984 and since December 23, 2012 this carriageway was closed for repair work. Kalindi Kunj Bridge connects the south Delhi with Noida. The Uttar Pradesh state irrigation department has written to the Gautam Budh Nagar SP (traffic) and the authorities in Delhi had to divert the traffic traveling every [...] Continue Reading »
The decision to change the alignment of proposed metro line along Bannerghatta road has been taken by a high-powered committee in March. The said change of alignment will affect Infosys office, a mall and other 95 properties apart from 160 apartments. Earlier it was proposed to have interchange facility between two lines, RV Road-Bommasandra and [...] Continue Reading »
Hyderabad: Due to lack of coordination between the state revenue department and the DEO, the survey of the state’s defence land is getting delayed. Overview: Headed by the special commissioner – Chief Commissioner of Land Administration (CCLA) as chairperson the state government has set up a committee to resolve defence land related issues. IVR Krishna [...] Continue Reading »
Overview: Hyderabad’s realty market which had been witnessing a prolonged slump is in a gradual phase of recovery. Ready-to-move inventory is finding takers and an improved off-take in residential stock was observed during the financial year of 2012. The IT/ITES corridor in the western and north-western regions of the city have been showing signs of [...] Continue Reading »
During Mayawati’s government there was a proposal to open an international airport Jewar, which was cancelled later due to financial issues. Now Greater Noida Industrial Development Authority (GNIDA) proposed a budget of Rs 7,005 crore for a slew of development projects. Already around Rs 550 crore has been reserved for improving connectivity of the city [...] Continue Reading »
Bangalore Development Authority has dropped plans to take up “golden quadrilateral” project under PPP model due to financial crunch. BDA has decided to put on halt the much waited 25 kilometres elevated road corridor project. The project was to be taken under Public-Private Partnership (PPP) model. According to sources, the corridor would link Hebbal-BRV ground-Hennur-Central [...] Continue Reading »
Greater Faridabad has been emerging as a prime location for both affordable and luxury segments of residential realty, owing to its favourable growth opportunities, improving infrastructure and fast connectivity with other prime parts of NCR. It is one the favorite areas for realty investment for middle-class buyers. Faridabad is a bustling city located at a [...] Continue Reading »
