Realty News
The Modi government wants to improve ties with Japan, and wants to encourage cross-border trade and investment. However Japan is demanding some policy changes and concessions in the areas of taxation and expansion of its banks in India. Japanese Industrial Clusters Sources said that the country of rising sun is waiting for a faster execution of [...] Continue Reading »
A Special Investigation Team (SIT) was formed on Tuesday May 27 to black money, money sitting in foreign banks and money laundering issues. This historic decision was taken on the very first meet of the cabinet ministers lead by Shri Narendra Modi. Addressing a press conference, Law and Telecom Minister Ravi Shankar Prasad mentioned that the SIT [...] Continue Reading »
The brand new Modi Govt which was sworn in on May 26, 2014 has brought a wave of hope among the real estate sector along with other sectors. Lalit Kumar Jain who is the chairman of Confederation of Real Estate Developers Association of India (CREDAI) mentioned that the market sentiments were low in the last [...] Continue Reading »
On Monday, shares of power firm Lanco Infratech tanked nearly 10 per cent, largely because of the disappointing results posted by the company for the January-March 2104 quarter. For the mentioned quarter, the company reported a widening of its net loss to Rs 584.29 crore. In comparison, in the same quarter last year, the power [...] Continue Reading »
Continuing its steady gains of late, the stock of IRB Infrastructure Developers witnessed yet another increase – of 11 percent – on May 26. The last three weeks have marked a strong rally for the IRB Infrastructure stock, which has seen a surge of a whopping 83 percent since May 2. Along with recording the [...] Continue Reading »
The scrapping of a restraining clause in the airport policy is likely to be proposed by the Civil Aviation Ministry to the Narendra Modi-led new central Government. The clause which the Ministry will request the new Government to scrap underscores the policy of not having an airport within a distance of 150 km of an [...] Continue Reading »
The National Highways Authority of India (NHAI) is expected to put forth a request before the new Central Government to frame requisite policies which align the bid process with the needs of the projects. The request which the NHAI is likely to make to the new Government will largely have to do with the agency [...] Continue Reading »
The National Highways Authority of India (NHAI) will probably turn down requests from 5 firms for the rescheduling of premium which is due to the government for construction of highways. The firms which made the premium rollover requests that will be nixed by the NHAI include Sadbhav Engineering, Reliance Infrastructure, and Oriental Structural Engineers. According to [...] Continue Reading »
The prospects of the Varanasi Ring Road Project are apparently set to improve in the near future, with Narendra Modi-led new Government preparing to assume office at the Centre. With ministries and departments scheduled to make their presentations before Modi next week, the National Highway Authority of India (NHAI) headquarters is seeking the current status [...] Continue Reading »
Narendra Modi-led new Government at the Centre will apparently give high priority to roads, railways, ports and several other infrastructure projects; but there will probably be a lot of challenges to be faced. The manifesto of the Bharatiya Janata Party (BJP) had envisaged “all-weather roads” for all villages; and had highlighted its objective to develop [...] Continue Reading »
