Realty News
The NaMo government is determined to give a boost to the infrastructure in the country and is taking all the measures to achieve it. Rescheduling the premium that the developers of the road projects have to pay to the government for securing the right to build and operate by the National Highways Authority of India [...] Continue Reading »
Realty players in the four South Indian states have threatened to stall all construction work from July, as a mark of protest against the hike which cement manufacturers announced in cement costs earlier this month. Apprising the reporters about the ‘stop-construction’ action which real estate players in southern states are planning to take, Ajit Chordia [...] Continue Reading »
An allocation of Rs 7,500 crore is being sought by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) in the Union Government’s Budget, for an ambitious experiment — three ‘smart city’ projects. The experiment for which the DMICDC is seeking the Rs 7,500-crore budget allocation will likely get the go-ahead from the Narendra Modi-led government which [...] Continue Reading »
Mark Pierce, Australian consul general to India, has said in a recent statement that Australia is keen on partnering with India for exploring new operation fields in different sectors of infrastructure. The statement was made by Pierce at a one-day international seminar on ‘public private partnership‘ (PPP) model and infrastructure projects. The seminar was held [...] Continue Reading »
With the Haryana Government’s Kundli-Manesar-Palwal (KMP) Expressway project having missed several completion deadlines, the Ministry of Road Transport & Highways has recently told the state government authorities to speed up work on the project. The delays-hit 135-km KMP Expressway was initiated in January 2006, with the aim of easing traffic on the Delhi-Gurgaon expressway. Though [...] Continue Reading »
State-run Airports Authority of India (AAI) has reportedly readied a plan for low-cost airports. The blueprint prepared by the AAI essentially hints at low-cost or ‘no-frills’ terminals which will pave the way for building airports across India; thus improving connectivity. The disclosure about the AAI’s blueprint for low-cost airports came at an industry-government interface in New Delhi [...] Continue Reading »
The progress of the six-laning project of the Panipat-Jalandhar National Highway was reviewed by the Krishan Pal Gurjar – Minister of State for Road Transport, Highways and Shipping – on Wednesday. While reviewing the Panipat-Jalandhar NH project, Gurjar told the officials of the National Highway Authority of India (NHAI) that the project should be completed [...] Continue Reading »
In an announcement made in Chandigarh on June 25, Krishan Pal Gurjar – Minister of State for Surface Transport, Highways and Shipping – said that the new Central government has plans underway to fast-track the construction work on five major road projects in Punjab and Haryana. The five projects to be put on fast track [...] Continue Reading »
In a recent briefing to the media representatives in Thiruvananthapuram, K Babu – Minister for Excise, Ports and Civil Aviation – said that the Kannur International Airport in Kerala will be ready for trials by December 2015; with commercial operations at the airport likely to commence by May 2016. According to the information shared by [...] Continue Reading »
Indians have a saving mentality and household incomes saved in banks and post offices give those institutions an opportunity to invest those amounts in other profit making instruments. Hence if the tax exemption limit is increased to 2 lakhs which is double compared to the existing limit, then it will give a boost to household [...] Continue Reading »
