Realty News
Toll collection on the Hyderabad-Karimnagar-Ramagundam roadway has started with effect from June 1, 2014, after an independent consultant gave a provisional completion certificate to Gayatri Project’s special purpose vehicle HKR Roadways Ltd (HKRRL). The provisional completion certificate for the roadway was given to HKRRL on May 30, 2014. Hyderabad-based infrastructure and construction company Gayatri Projects [...] Continue Reading »
In a recently-issued statement, RV Verma – the officiating Chairman of pension regulator PFRDA – said that requisite steps will soon be taken by PFRDA to increase the flow of funds into the infrastructure sector. According to the details shared by Verma, PFRDA – Pension Fund Regulatory and Development Authority – is presently working on [...] Continue Reading »
In a move which underscores an evident attempt by the Reserve Bank of India (RBI) to give infrastructure lending a notable boost, the country’s central bank will likely give the banks the ability to issue infrastructure bonds. The infrastructure bonds which the banks will be allowed to issue will not attract provisions like the mandatory [...] Continue Reading »
The hospitality industry in India is apparently heading to its next big destination – the North East (NE). With the north-eastern states witnessing an increased number of tourists in recent times, a number of bigwig hotel chains have plans underway to expand their operations into the NE region. The leading hotel chains which are eyeing [...] Continue Reading »
The legal scuffle between the Brihanmumbai Municipal Corporation (BMC) and residents of the Campa Cola Compound in South Mumbai’s upmarket Worli area has finally come to an end, with the Supreme Court rejecting the residents’ fresh request against the eviction and demolition of illegal flats in the housing complex. The residents of the Campa Cola [...] Continue Reading »
On Tuesday, the Housing and Urban Development Corporation (HUDCO) seized a Noida plot which belonged to Vikram Bakshi’s flagship company, Ascot Hotels & Resorts. The plot seized by HUDCO is Vikram Bakshi’s 18,600 square metres property in Noida. About the reason that led to the confiscation of the plot, HUDCO officials said that Bakshi’s firm [...] Continue Reading »
The Vice-Chairman of the Delhi Development Authority (DDA) has asked the Unified Traffic and Transportation Infrastructure (Planning and Engineering) Centre (UTTIPEC) to clear projects at a faster pace. The DDA VC’s instructions to the UTTIPEC have come in response to complaints that the Centre inordinately delays project clearance. Pushing for faster clearance of projects, the [...] Continue Reading »
Real estate developers in the Delhi & NCR region have sought clarity on the UP Apartment Act, despite the fact that a Monday-released notification of the Act empowered apartment buyers in Noida and Greater Noida. Developers are of the opinion that the Apartment Act requires some fine tuning so that there is no impact on [...] Continue Reading »
BF Utilities, the company which is currently executing a large sum of money in the Bangalore-Mysore expressway project is led by Baba Kalyani and recently he has decided to raise a sum of 500 crore through the route of equity. The sum will be raised for the purpose of completing the construction of the first [...] Continue Reading »
L&T Infrastructure Debt Fund Ltd (L&T IDF have gone ahead and made conversation with an Indian public sector bank, a US bank and other multilateral agencies in order to offload 49% in the funds. This will not cause any new infusion of funds but will help the IDF improve its international credit standing and slow down [...] Continue Reading »
