Realty News
Ever since the incoming government last week made a historic win, big bets by the realty companies are already being placed. Across the nation, real estate agents and brokers are looking at Team Modi and his entourage to help revive the industry. They say aspirants should buy homes soon, because the government they feel is [...] Continue Reading »
Once again the Pune Metro proposal is in the news, and this time because the newly elected MP, Anil Shirole wants a reverse gear to play. The newly elected MP now wants to undo what the outgoing Union government did and their decisions too. This would be on the lines of gifting the city with [...] Continue Reading »
On Tuesday, the Reserve Bank of India (RBI) issued “draft guidelines,” with the evident aim of perking up the infrastructure sector. The “draft guidelines” will essentially give the banks the ability to provide partial credit enhancements to bonds which have been for financing infrastructure projects by companies/Special Purpose Vehicles (SPVs). According to the “draft guidelines” [...] Continue Reading »
With an aim to fast-track the work on much-hyped Navi Mumbai International Airport (NMIA) project, the City and Industrial Development Corporation (CIDCO) recently laid the foundation stone for the development of Pushpak Nagar (Dapoli). Spread across 220 ha, the area enjoys proximity to the airport with the NH-4B cutting across the landmass. Construction work is [...] Continue Reading »
In a working paper on infrastructure finance submitted recently to the Reserve Bank of India (RBI), state-run IIFCL has urged the country’s top bank to ease repayment periods, so that infrastructure firms can be protected against potential cash blows. The IIFCL has made a request to the RBI to give the lenders the ability to extend [...] Continue Reading »
In a request made to the Mysore committee members, real estate players from the city have sought the dismissal of the land-grabbing case around Chamundi hill as well as an end to the controversy surrounding Kurbarahalli survey no 4. The demand for an end to the ‘Kurbarahalli survey no 4’ controversy, as well as the [...] Continue Reading »
In an evident attempt to speed up the Kochi Metro work, the state government has efforts underway to ensure that the land required for the project is acquired in the next one month or so. With the owners of the project having directly issued guidelines – without the administrative sanction of the government -for the [...] Continue Reading »
The Kochi Corporation has directed Kochi Metro Rail Ltd (KMRL) to execute civic jobs or to adequately compensate the civic body for the land which is being acquired for the Metro project. Expressing its grouse about the allegedly inadequate compensation for the civic body’s land, the corporation said that it is willing to give land [...] Continue Reading »
In the opinion of the developers and builders in Pune, the weakening realty sector is apparently set for a much-needed turnaround, provided that the Narendra Modi-led new Government at the Centre announces some immediate policy moves. According to the Pune developers and builders, the most important expectations from the new Government are a lowering of [...] Continue Reading »
The Public Works Department (PWD) has recently placed a formal proposal before the Maharashtra state government for buying back 30 two-lane toll roads across the state. The toll roads which have been considered in the proposal essentially include those roads where only up to 3 years of toll collection have been left. If the ‘toll [...] Continue Reading »
