Infrastructure
In a landmark judgment that is bound to bring relief to property owners, the Supreme Court ruled on Wednesday that basements of residential houses could now be sold and registered separately in Haryana. Until now, basements could only be sold and registered along with the ground floor. A three-judge bench of the Supreme Court, headed [...] Continue Reading »
Andhra Pradesh has 32,872 acres of Government land available within a radius of 10 km from district headquarters. Deputy Chief Minister KE Krishna Murthy disclosed this in a press conference here recently. SPSR Nellore district had the highest acreage at 5,823 acres while West Godavari had the lowest at 79 acres. Krishna district, which is [...] Continue Reading »
The Delhi High Court on Wednesday directed the three municipal corporations to formulate an action plan and offer suggestions for dealing with unauthorised constructions, especially buildings identified as illegal, in consultation with other agencies dealing with urban development and water and power supply. The commissioners of the corporations – East, South and North – appeared [...] Continue Reading »
Hiranandani Developers recently launched a residential project called Rodas Enclave at Hiranandani Estate in Thane. The project will comprise two BHK to five BHK apartments and the price will range between Rs 1.6 crore (for a two BHK) and Rs 8 crore (for a five BHK). Located in the vicinity of Ulhas River, Rodas Enclave [...] Continue Reading »
L&T Metro Rail Hyderabad Limited and the Telangana Government are on a collision course regarding the Rs 14,132 crore metro rail project, with the former even suggesting that the State take over the project. Contending that the project viability is being challenged by delays in securing clearances having a huge impact on the project financial [...] Continue Reading »
Nasscom believes that for the BPO sector to keep its growth trajectory, corporates should go to Tier-II and-III. But a cross section of the industry believes that this may not be feasible. At the annual Nasscom Business Process Management (BPM) Summit, the software industry body and real estate advisory firm Cushman & Wakefield identified top [...] Continue Reading »
The mid- and small-size capital goods and infrastructure companies are starting to experience a revival in the demand, especially from the public sector, as well an economic recovery—however strenuous has begin to take the hold. They include the civil contractor and the infrastructure builder Ahluwalia Contracts (India) Ltd; Shakti Pumps (India) Ltd, a maker of [...] Continue Reading »
China will bid aggressively to bag key Railway infrastructure projects from India when its premier Xi Jinping meets Prime Ministera Narendra Modi during bilateral level talks in New Delhi later this week. On the agenda is to provide India with a cheaper and reliable option for high-speed travel by using the state-of-the-art bullet trains and [...] Continue Reading »
US private equity firm KKR & Co and co-investors have agreed to provide Rs 1,000 crore ($164.2 million) in long-term financing to GMR Holdings Pvt Ltd, the holding company for GMR Infrastructure Ltd. Without disclosing the terms of the transaction, GMR Holdings said the deal is subject to customary transaction documentation. GMR Group has interests [...] Continue Reading »
India’s infrastructure market is expected to touch $6.6 trillion by 2025, which will be nearly 12.5 percent of the Asia-Pacific. According to consultancy firm PwC, the Asia-Pacific infrastructure market is expected to grow by 7-8 percent a year over the next decade to over $53.6 trillion by 2025 and representing nearly 60 percent of the [...] Continue Reading »
