Realty News
On Tuesday, Nitin Gadkari – Union Minister for Road Transport and Highways – said in an announcement that Rs 4,000-crore funding will be earmarked for the Delhi Ring Road. The announcement made by Gadkari came during the course of his speech at the orientation session of BJP councillors in the three corporations. Other than announcing [...] Continue Reading »
The project pertaining to the widening of Jaipur-Gurgaon highway stretch faces a number of hindrances with regard to its completion by the revised October 2014 deadline. Although the work on the highway has accelerated after high-level intervention, the Rajasthan government has still not acquired several hectares of land for the highway-widening project. The Rajasthan government [...] Continue Reading »
Arvind Mills was a known name in the apparel and retail industry and its brands like Flying Machine and Excalibur were well respected in the market. After launching apparel hubs known as ‘’Megamart’’ the group continued doing well. However it seems that Modinomics has created a positive vibe in the market and everyone is expecting [...] Continue Reading »
The Union Budget which will be presented on July 10, Thursday will have a lot of leeway for the affordable housing segment which will give an up thrust to the housing for all by 2022 scheme. Interest rate subvention for the economically weaker section, lower income group and middle-income group homes will help India Inc. [...] Continue Reading »
Arun Jaitley, the finance minister did the curtain raiser for the budget though the Economic Survey FY14 in the Parliament. The government is all set to provide boost to the farming sector, infrastructure financing, energy and taxation. Leading by example, Jaitley may announce a central goods and service tax (CGST) that combines excise duty and service [...] Continue Reading »
Controls in any process are put in place to curb malpractices and ensure smooth functioning of the process. However unfortunately multiple controls and plethora of orders are hindering the growth of wholesale and retail trade in India. According to the pre-Budget Economic Survey 2013-14, India has slipped to 14th position in the global retail development [...] Continue Reading »
Many reasons have led to cost overrun of 21 % for around 239 projects up till February 2014 in coal, power, petroleum and steel sector. The turbulence in the infrastructure sector led by delays in regulatory approvals, problems in land acquisition & rehabilitation, and environmental clearances seem to the major factors leading to this cost [...] Continue Reading »
Modi’s housing for all agenda had a positive impact on the residential realty segment and everyone is bee lining towards that sector. Blackstone the US private equity (PE) firm, one of the largest investors in commercial properties, is set to step up presence in the residential segment. The PE giant has resolved to invest about Rs 1,000 [...] Continue Reading »
The Economic Survey stated that in order to facilitate improvement in business environment the government should practice a ‘use it or lose it’ policy. This policy would help in freeing land holdings for industrial purposes. Apart from this the pre-Budget document also spoke of other short term solutions which would help the government in developing [...] Continue Reading »
The National Democratic Alliance (NDA) government is trying to restructure the infrastructure investment so that the failure of contracting parties in meeting their contractual obligations can be prevented. Lower-than-expected demand for services and a sharp rise in input costs were cited as the main reasons behind the inability of contracting parties to meet their obligations under [...] Continue Reading »
