Realty News
Pune real estate sector is witnessing some renewed interests of private equity players. The reasons may be the uninhibited influx of professionals and a robust local economy, which is relatively less affected by the economic downturn, The developers have also ensured a steady demand for homes and offices in the city. This has helped induce [...] Continue Reading »
DIPP secretary Amitabh Kant stressed on the need for amending the Act, by giving justification as under the existing Land Acquisition Act, it had become “virtually impossible” to acquire land for construction of roads, ports and creating other infrastructure. He added, ever since the new Land Acquisition Act came into being, Land acquisition for roads, [...] Continue Reading »
SP Tulsian of sptulsian.com says that If one takes the previous 12 month scenario, in Delhi NCR, the situation has not been really very good. The off take has been very poor; there have been no new launches. On the other hand in Mumbai the price reduction or fall in the prices at least in [...] Continue Reading »
The city has been developing rapidly over past decade and a half. The city is close to Mumbai, and is strategically located on the Central Railway main line and the Mumbai-Agra National Highway. It is the new centre of industries, commerce, administration, education, production and marketing. The city has has three well-developed industrial estates at [...] Continue Reading »
Haryana chief minister Bhupinder Singh Hooda on Thursday met officers of National Highway Authority of India (NHAI) and Public Works (Building and Roads) Department in Chandigarh to discuss toll taxes and national highways in the state. The move is to woo voters in the region. The CM said that the state government may compensate NHAI [...] Continue Reading »
According to Ajay K. Bakaya, Executive Director of Sarovar Hotel, country’s hospitality sector is poised for a significant upturn over the next six months. He added that there has been a prolonged sluggish situation in the hospitality sector due to various factors including economic slowdown. A lot of reports including that of World Bank and [...] Continue Reading »
Real estate sector in the Gulf Arab emirate Dubai is expanding and is in demand. The construction sector here is all set to witness a shortage of 500,000 workers by 2015, a media report said here Saturday. Dubai international academic city (DIAC) asked Deloitte to conduct a survey and about the real estate sector. According [...] Continue Reading »
In this general election, India Inc has featured heavily in the heated exchanges among parties. India’s biggest real estate developer DLF has suffered in the crossfire because of its alleged links to Sonia Gandhi’s son-in-law Robert Vadra. BJP leader Uma Bharti says explicitly on April 12 that Vadra would be jailed if the NDA came [...] Continue Reading »
Two Maharashtra road projects with a combined cost of about Rs.4,500 crore may be cancelled by L&T as they have turned ‘financially unviable’. The company has also communicated this with L&T. NHAI has directed the company to wait till the polls are over. The projects involve widening of 485 km of carriageway on two highways: [...] Continue Reading »
The Department of Industrial Policy and Promotion (DIPP) will try redrafting the recently enacted Land Acquisition, Rehabilitation and Resettlement Act after the new government is formed. Amitabh Kant, secretary, DIPP points out that the new (land acquisition) Act is extremely bureaucratic, with the introduction of a social impact assessment. It has very time consuming processes. [...] Continue Reading »
