Realty News
Allegations of abuse of dominant market position against Ansal Township and Land Development with regard to the realty company’s commercial project in Jalandhar, Punjab were rejected by fair trade regulator Competition Commission of India (CCI). The CCI is of the view that the company did not appear to be in a dominant position in the [...] Continue Reading »
Universal Construction Machinery and Equipment Ltd, India’s leading construction equipment company, launched Self Loading Concrete Mixer in Odisha. Ranjit More, vice chairman, Universal Construction Machinery and Equipment explained that self-loading mixture (SLM) is developed indigenously keeping in mind the needs of Indian consumer and it is developed by in-house research and development team of the [...] Continue Reading »
The government had plans under public-private partnership (PPP) model to build the Rs 6,290-crore Eastern Peripheral Expressway (EPE) project. The government had to scrap the project as it did not attract any bids. The deadline was Apr 4. NHAI did not receive any bids forcing it to plan the project under conventional engineering procurement construction [...] Continue Reading »
L&T Finance Holdings (L&TFH) on Wednesday said that the company would look for the opportunity to venture into banking and await RBI guidelines before taking a step further. N Sivaraman, president and whole-time director at L&TFH said the company did not getting a bank licence and it would wait for the next opportunity as and [...] Continue Reading »
GM Rao, group chairman, said, GMR Group, infrastructure and aviation major, may bid for the impending privatisation of the Sardar Vallabhbhai Patel International Airport at Ahmedabad. Rao said, speaking on the sidelines of a convocation ceremony at the Entrepreneurship Development Institute of India (EDI) here, “Whenever the bid opens we may bid for the Ahmedabad [...] Continue Reading »
It is feared that several infrastructure sectors – from road, to railway and power – may see three-fold jump in acquisition cost due to the new land acquisition law. The road transport and highways ministry has asked government to increase Budgetary allocation for land acquisition. The ministry also suggested the government to seek opinions from [...] Continue Reading »
In the Vadodara Municipal Corporation (VMC) former opposition leader has raised objections in the new town planning (TP) schemes to deduction of land prepared, work on which was completed recently. The VMC hadf projected 26 TP schemes out of which in the stipulated time period it could come up with only three. Chinnam Gandhi, councillor [...] Continue Reading »
The State government has given sanction to the Delhi Metro Rail Corporation (DMRC) to construct the Panniyanakara rail overbridge. It is a vital and primary infrastructure part of Kozhikode’s monorail project. The detailed plan, tender of works, execution, supervision and handing over of the completed work to the government will be done by DMRC and [...] Continue Reading »
The Reserve Bank of India (RBI) once it revisits the existing guidelines will open up the banking space to more entrants. In the past the central bank has observed that it needs more differentiated players in the system and that licences would be available ‘on tap’; in keeping with this viewpoint, windows for accepting applications [...] Continue Reading »
The protest took place at the PACL India Ltd office. The investors in various schemes of the company complained that the cheque issued by them bounced. The company is a real estate investment company. The police explained that the company asks investors to invest in barren land for a specific period of time. The investors [...] Continue Reading »
