Realty News
The government has assigned the think-tank ICRIER to check again and evaluate the special economic zone policy as informed in the Parliament last day. The findings in the report would be then analysed once again when the final report is submitted. This was stated in the written reply by Commerce and Industry Minister Nirmala Sitharaman [...] Continue Reading »
A new trend is taking shape in India. It is said that demand gives birth to new ideas and this too is one of them. The concept of Virtual office space (VOS) is taking shape even in India and seems to be the latest buzz in the commercial realty sector. Renting even a small office [...] Continue Reading »
FDI in real estate as announced by the finance minister Arun Jaitley has already started picking momentum in the real estate market. IL&FS Investment Managers Ltd or ILFS IML, the private equity arm of the local infrastructure financier Infrastructure Leasing & Financial Services Ltd or IL&FS, will raise roughly $1 billion (Rs 6,000 crore). This [...] Continue Reading »
The spirits of the IT/ITeS sector had risen upon the finance minister’s announcement in the Budget speech that the government would take measures to revive the SEZs. Many companies started even planning to take up new space in the SEZ units. However all does not seem to be rosy. The first blow came with the [...] Continue Reading »
After extensive stakeholder consultations alternative investment fund (AIF) regulations were notified in May 2012. The Securities and Exchange Board of India (SEBI) after recognising the need for long-term, cost-effective funding source from the private sector, capital markets or private pool of capital for start-ups, small & medium businesses and infrastructure came out with this. As [...] Continue Reading »
When the deadline for the farmers to surrender their land that had been acquired for the Ring Road Project expires, the Jaipur Development Authority (JDA) has taken a decision to take the lands in possession forcefully. July 31st had been the last date for the land owners to surrender their respective lands and collect the [...] Continue Reading »
India and Japan have resolved in order to sort out the issues that are concerning the special economic zones and joint procurement of gas from the third world countries. The issues that have come up for the discussion during the meeting of Commerce and Industry Minister Nirmala Sitharaman and Japanese State Minister of Economy, Trade [...] Continue Reading »
The State Chief Secretary E K Bharat Bhusan recent report pointed out the serious violation cause by DLF Riverside which is a waterfront residential project in Chilavannoor which has opened a can of worms in the city’s realty sector. While the report and consequent revelations rocked the state’s bureaucratic and political establishment the reaction of [...] Continue Reading »
The Union Ministry of Human Resource Development (HRD) had rejected the new site proposed by the state government for the Central University Himachal Pradesh (CUHP) at Dharamsala. The sources stated that a team of the Union Ministry has visited Dharamsala recently in order to inspect the new site that has been proposed for the CUHP [...] Continue Reading »
A new land acquisition law which included the land acquisition, rehabilitation and resettlement act (LARR), was enacted 10 months ago by the UPA government. It was considered as a big success for the former government. This had widespread support from almost all political parties, including the BJP. However the state governments started demanding for changes [...] Continue Reading »
