Realty News
With new instruments like real estate and infrastructure investment trusts coming up, the Pension Fund Regulatory and Development Authority (PFRDA) has set up a panel of experts, headed by former Sebi chief GN Bajpai, to review investment norms for National Pension System (NPS) schemes for the private sector. PFRDA chairman RV Verma said that the [...] Continue Reading »
Properties along Yamuna Expressway have just become costlier, after Yamuna Expressway Industrial Development Authority (YEIDA), in a board meeting on Monday, passed a proposal to hike land allotment rates. Residential and commercial land allotment rates in the area have been increased by 23 percent and 24 percent, respectively, while industrial and institutional land rates have [...] Continue Reading »
PWD day said that they will not be allowing the residents to derail project with the congestion which has recently come on a rise. Delhi government’s public works department says that it’s moving fast on the Rao Tula Ram flyover project and hopes to start construction of a parallel flyover by November. Though the residents [...] Continue Reading »
In a move that will come as a big relief to commuters, the government has decided to scrap toll on all highway stretches where developers have recovered their investment, highways minister Nitin Gadkari said on Monday. We cannot scrap the toll on highways that have been awarded on public private partnership model as that would [...] Continue Reading »
The civil aviation ministry is conducting a review of the policy that bars a second airport within a distance of 150 km, the scrapping of which could have a dramatic effect on Delhi airport as construction of another facility in its neighbourhood, say in Greater Noida, could divert significant amount of traffic. This 150 km [...] Continue Reading »
The government today said it had set a time frame of three years to achieve the target of constructing 30 km of road everyday and steps towards that have been taken with the clearance of projects worth Rs 16,000 crore in the first 100 days of the Narendra Modi-led NDA government at the Centre. Addressing [...] Continue Reading »
The Road Transport and Highways Ministry has taken a slew of steps, including making projects of Rs 50,000 crore ready for award, clearing Rs 1.5 lakh crore projects and setting a target to build 30 km of roads a day, for turning around the sector, Minister Nitin Gadkari said. Drafting new Motor Vehicles Bill is [...] Continue Reading »
The Supreme Court has upheld the National Consumer Dispute Redressal Commission’s (NCDRC) judgment directing Parsvnath Developers Limited to refund payment received from two buyers for failing to deliver their flats on time. The developer had ensured the flats’ possession within 36 months at the time of booking. Thousands of flat buyers in Delhi-NCR region have [...] Continue Reading »
Eighteen states today signed agreements with the Union Transport Ministry, a move which will expedite road projects under the National Highways Development Project (NHDP) through public private partnership mode, a top government official said. On Uttar Pradesh’s refusal to sign the pact, he said, UP had agreed to sign it earlier but now they have [...] Continue Reading »
Union Urban Development Minister M Venkaiah Naidu today said Vijayawada and Visakhapatnam in Andhra Pradesh would be developed as ‘smart cities’. He also said that Vijayawada, Guntur and Tenali would be provided Metro rail services. Notably, the state government had recently announced that the new capital of Andhra Pradesh would be located “around Vijayawada“. As [...] Continue Reading »
