Realty News
Uttar Pradesh Chief Minister Akhilesh Yadav is pitching for the Lucknow Metro Rail and IT City projects in the city to promote ‘Brand UP’ among investors. Success of these projects would initiate economic growth and reassure investors about timely completion of projects. HCL arm Vamasundari Investments is developing the 100-acre IT City project (as part [...] Continue Reading »
UP Chief Secretary Alok Ranjan on Monday revealed that the Lucknow Metro may likely be up and running by December 2016. It would traverse an eight-km-long elevated track from Transport Nagar to Charbagh. Ranjan stated that tenders had already been floated for civil work, and a pre-bid conference would be held with bidders in Delhi [...] Continue Reading »
The sevenfold rise in Bihar Industrial Area Development Authority (BIADA) owned land in various districts has concerned state BJP, which feels it could affect investor confidence. Effective from June 19th, an investor would now have to pay Rs. 14.95 crore for an acre of BIADA land in Patna, as opposed to the previous rate of [...] Continue Reading »
The Uttar Pradesh government on Monday announced the constitution of a committee for the acquisition of private land, if required, for the Lucknow Metro Rail Project (LMRP). Housing Department secretary Rajiv Agarwal stated that a committee had been constituted under the Lucknow divisional commissioner. If required, it would help in purchasing land for the metro [...] Continue Reading »
On Monday in New Delhi the realtors body CREDAI (The Confederation of Real Estate Developers Association of India) sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 % while expressing their pre-budget wish list. Single-window clearance for the real estate projects to reduce red tapism and [...] Continue Reading »
Varanasi Development Authority (VDA) District magistrate and Vice-Chairman Pranjal Yadav has announced that the Varanasi Masterplan 2031 is likely to be effected from Tuesday. He had presented the plan to CM Akhilesh Yadav on Friday. The Masterplan incorporates proposals for the city’s future development, and also highlights the shortcomings of the 2011 Masterplan. The 2011 [...] Continue Reading »
Ending a long wait, India and China have signed the Memorandum of Understanding (MoU) on the creation of industrial parks. The Indian government has accorded them the same status as Special Economic Zones (SEZs) and National Investment and Manufacturing Zones (NIMZs). The MoU was signed in Beijing during Vice President Hamid Ansari’s visit. The Cabinet [...] Continue Reading »
A Kerala High court division bench comprising Chief Justice Manjula Chellur and Justice P R Ramachandra Menon on Monday questioned the inactivity of the state government regarding widening of national highways to 45 metres. The bench stated that land for the highways had been acquired years ago. The central and state governments have both provided [...] Continue Reading »
Renowned realty developers Aakriti Group have launched their new residential project in Bhopal — ‘Aakriti Aquacity Mansarovar.’ The project is located at Bhopal bypass, Hoshangabad Road, Bhopal; and will offer residential units which will be ‘Oxygen-rich bungalows.’ Aakriti Aquacity Mansarovar project coming up across the ‘Ghunsi’ seasonal river, the project boasts abundance of greenery, both [...] Continue Reading »
The Sinclair Hotels headquartered in Kolkata which are also being funded partly by the Xander Group have finally decided to come up with a business hotel at New Town, Kolkata. This hotel will have around 114 rooms. Another tourist resort will be developed in Burdwan and a suite and luxury resort at Kalimpong. This one [...] Continue Reading »
