Realty News
There is some good news for the debt laden Sahara group. Its chief Subrata Roy and other top officials are in the Tihar jail since March and the Supreme Court had allowed Roy to set up a tech savvy office within the premises of Tihar jail where he could hold meetings with the proposed buyers. [...] Continue Reading »
The Centre is readying to invite bids for the Dholera investment region in Gujarat in the next three months to convert it into a smart city. The integrated industrial townships in Greater Noida and Vikram Udyogpuri in Madhya Pradesh along the Delhi-Mumbai Industrial Corridor (DMIC) are also under consideration for the centre to be transformed [...] Continue Reading »
Easing the regulatory environment for doing business seems to be the prime agenda for the Commerce and Industry Minister Nirmala Sitharaman. She has sought the cooperation of States by cutting down on unnecessary paper work and approvals and making the environment ‘friendly’ for the businesses. An advisory has been sent to the Secretaries of all [...] Continue Reading »
It is expected that the new government’s thrust on infrastructure, including the commissioning of new airports and metro rails, will lead to higher demand for elevators, escalators and travelators (moving walks). This has increased activities in the elevator companies and a dozen odd leading elevator companies in India are competing to grab the orders and [...] Continue Reading »
Real Estate Investment Trust (REITs) in India will require such bodies to take adequate insurance cover for their realty assets. This needs to be done to safeguard the investors’ interest. The new norms should bar them from promising any guaranteed returns. The detailed norms about REITs which will be made public soon, will also contain [...] Continue Reading »
According to a recent announcement made by Sri City, the multi-product operational Special Economic Zone (SEZ) is interested in creating an exclusive cluster for Korean firms. With the Sri City SEZ – which is located at a distance of nearly 60 km from Chennai – having already created a special cluster for Japanese firms, the [...] Continue Reading »
A senior Finance Ministry official has revealed that the government is mulling a proposal to revive Special Economic Zones (SEZs); and, towards that end, has efforts underway to come up with a package of tax and non-tax incentives. The official also disclosed that a final view of the package for reviving SEZs will likely be [...] Continue Reading »
During the course of a July 24 meeting, the inter-ministerial Board of Approval (BoA) of the Union Government had reached a decision with regard to the cancellation of its approvals to 27 Special Economic Zones (SEZs), while giving 18 SEZs some more time to execute their projects. The SEZs whose approvals have been cancelled by [...] Continue Reading »
According to a report tabled by the Comptroller and Auditor General of India in the Assembly last week, SEZ investments worth nearly Rs 400 crore are in limbo in Tamil Nadu because the investments were made without proper planning. As per the CAG report on public sector undertakings for 2012-13, the Rs 400-crore SEZ investments [...] Continue Reading »
In a recent announcement, German high-end domestic appliances manufacturer Miele has disclosed that its key focus area in India will be tier II markets. According to the details shared by Miele India’s Managing Director Rana Pratap Singh, the tier II markets which the company plans to foray into by the end of 2014 include Chandigarh, Jaipur, [...] Continue Reading »
