Realty News
Punjab deputy chief minister Sukhbir Singh Badal on Tuesday announced construction of one-lakh houses for economically weaker sections (EWS) at affordable prices. These houses would be ready by October, 2016. Besides, he has also issued directions to concerned departments to identify land in cities and towns at the earliest to complete this mega welfare project [...] Continue Reading »
Pulling up the petitioner for levelling allegations based on newspaper reports, the Delhi high court on Tuesday dismissed a PIL seeking a CBI probe into land deals involving Robert Vadra. The PIL sought a probe into licences granted to several real estate developers in Haryana, including one allegedly associated with Sonia Gandhi’s son-in-law A division [...] Continue Reading »
Though many, including RBI, fear an outflow of FII funds when US interest rates begin to turn, the obvious antidote to that is increased FDI. While the Japanese government has committed to invest $35 billion in India over the next 5 years, media reports suggest President Xi Jinping of China will announce a number around [...] Continue Reading »
To provide the -bound clearances involving the stringent provisions of Section 118 of the HP Tenancy and Land Reforms Act, 1972, the state government has finally notified a time-schedule in order to cut down on the delays that had happened in granting this approval to non-agriculturists. Since all the non- Himachalis and the non-agriculturists are [...] Continue Reading »
Of late, there has been lot of discussions on new taxes being considered by the government for financing the development of smart cities. Some of the options being evaluated include a green tax on fuel purchase, betterment charges payable on sale of property, urban tax on purchase of new vehicles, etc. So, it could be [...] Continue Reading »
China will bid aggressively to bag key Railway infrastructure projects from India when its premier Xi Jinping meets Prime Ministera Narendra Modi during bilateral level talks in New Delhi later this week. On the agenda is to provide India with a cheaper and reliable option for high-speed travel by using the state-of-the-art bullet trains and [...] Continue Reading »
US private equity firm KKR & Co and co-investors have agreed to provide Rs 1,000 crore ($164.2 million) in long-term financing to GMR Holdings Pvt Ltd, the holding company for GMR Infrastructure Ltd. Without disclosing the terms of the transaction, GMR Holdings said the deal is subject to customary transaction documentation. GMR Group has interests [...] Continue Reading »
After almost two years, the Indian job market is showing signs of improvement as more than half of the companies surveyed said they are currently in hiring mode, according to search and selection specialist Antal International. There has been an ups- urge in the hiring activities as 52 percent of companies are recruiting new staff [...] Continue Reading »
India’s infrastructure market is expected to touch $6.6 trillion by 2025, which will be nearly 12.5 percent of the Asia-Pacific. According to consultancy firm PwC, the Asia-Pacific infrastructure market is expected to grow by 7-8 percent a year over the next decade to over $53.6 trillion by 2025 and representing nearly 60 percent of the [...] Continue Reading »
Grover Zampa, the second largest wine manufacturer in the country, plans to invest about Rs 100 crore to set up a premium hotel. The company will build a 100-room five-star hotel in Nashik, Maharashtra, CEO Sumedh Singh Mandla said. A few international hospitality chains have already evinced interest in operating the hotel, he added. Another [...] Continue Reading »
