Realty News
The Department of Industrial Policy Promotion has recently come to a conclusion that it will work towards the simplification of the Land Acquisition Act. This will be done for the purpose of facilitating some investment and developing of the economy. Tiresome and difficult rules will be done away with in order to carry out the [...] Continue Reading »
Most of the real estate companies are selling off their assets to fund their projects and big giants like Reliance too are not an exception. Reliance Communications (RCom) has initiated the process to monetise its real estate assets across the country, aiming to raise Rs 5,000 crore through this.The company will use the proceeds to [...] Continue Reading »
There is a huge possibility that India will receive a larger slice of the information and technology market of China as well as the removal of trade barriers in the sector of pharmaceuticals while a couple of concessions have been granted in the sector of infrastructure. This has been understood according to the plan of [...] Continue Reading »
The service sectors of India are facing severe deceleration as there has been only 4.7% of GDP growth in the year 2013-14. The second year has seen 5% growth. Compared to the previous year, there has been only a little growth in the service sector. This is also sharply lower than the 9% growth in [...] Continue Reading »
GNRC Hospitals, North-East’s premier hospital chain, has planned super-specialty hospitals in countries like Myanmar, Bangladesh and the African continent, as well as some north-eastern states. 10 hospitals are planned in the next five years, to be funded by the World Bank. Of the ten proposed hospitals, two or three units would be opened in the [...] Continue Reading »
In its recently-released financial report for FY 14, bigwig engineering firm Larsen & Toubro (L&T) has posted earnings figures which have surpassed estimates; and has also set healthy growth targets for FY15. The healthy growth targets which L&T has set for 2014-15 underscore an optimistic outlook projected by the company because of the hope that [...] Continue Reading »
There is a new trend which is visible in the market. The realty sector is grappling with the economic slowdown and reeling under the pressure of debts. To reduce the debt burden, many realty players are selling off their debts and using that fund to partially pay off their debts. Following the same path, realty [...] Continue Reading »
In a move which is the first of its kind for the Mangalore Urban Development Authority (Muda), residential apartments will be built by Muda on the public-private partnership (PPP) model. Muda’s decision to count on the PPP model for constructing residential apartments marks the agency’s foray into a hitherto unexplored territory. According to Muda officials, [...] Continue Reading »
With the Raipur district administration having planned out an ambitious and crucial project for easing traffic system and curbing road accidents, the city is apparently on the verge of getting a major infrastructure facelift. The infrastructure facelift for Raipur is part of the district administration’s ambitious traffic-related project. The proposed infrastructure-related development works planned for [...] Continue Reading »
More than seven months after the lowering of a tunnel-boring machine (TBM) into the INA shaft in October last year, the tunnelling work – using TBM – on the INA-South Extension Metro stretch has finally been completed by the Delhi Metro Rail Corporation (DMRC). Going by the information shared by the DMRC officials, a tunnelling [...] Continue Reading »
