Realty News
The government on Thursday decided to institute a committee of four ministers to prepare a framework for creating an independent environmental regulatory authority to monitor the compliance of green laws in the country. Environment minister Prakash Javadekar, transport Minister Nitin Gadkari, power minister Piyush Goyal, and chemicals and fertilisers minister Ananth Kumar have been told [...] Continue Reading »
The department of industrial policy and promotion (DIPP) will circulate a Cabinet note next week seeking the views of all ministries concerned on a proposal for a new law — the National Industrial Corridor Authority (NICA) Act — on the lines of the National Highways Authority of India (NHAI) Act. The Pune-headquartered NICA was proposed [...] Continue Reading »
Malaysian quick service restaurant (QSR) brand Marrybrown has been in the Indian market for 16 years. But seeing the fast growth in the eating-out market in recent times, it has charted an aggressive expansion plan and finds the smaller cities and towns much more profitable than metropolitan cities. Master franchisee for Marrybrown in India, Chennai-based [...] Continue Reading »
Bangalore International Airport Ltd (BIAL) has been formally accorded the environmental clearance for the second stage expansion of its Kempegowda International Airport. The expansion will include the construction of a new terminal along with a second runway, taxiways, aprons, aircraft parking and all aviation facilities and structures. The expansion is envisaged to accommodate the future [...] Continue Reading »
The Mumbai Metropolitan Region Development Authority (MMRDA) has completed the tendering process for constructing the estimated R245-crore creek bridge between Mankoli and Motagaon on the Ulhas creek, it said in a statement. The construction of this 1,266 metre long bridge is expected to commence soon and is slated to be complete in three years. The [...] Continue Reading »
After a decade, the Ahmedabad metro rail project is finally on track. Japan International Co-operation Agency (JICA) has agreed to a long-term soft loan worth Rs 5,900 crore. This will take care of funding for the first phase of construction. JICA officials concluded the final assessment of the project in July-end on various technical and [...] Continue Reading »
On Thursday the Andhra Pradesh Chief Minister N Chandrababu Naidu announced that the State’s new capital will be located around Vijayawada. Naidu stated that the decision to locate the capital in the central region of the residuary state was taken after a prolonged consultative process. After a lot of discussions with the core stakeholders, this [...] Continue Reading »
Business chambers of India and Japan have formed groups to focus on specific sectors like infrastructure, energy and skill development. This move was taken anticipating that it will enhance bilateral trade. They are working towards removal of any bottlenecks by talking to the respective governments. The decision was taken during a meeting of the Japan- [...] Continue Reading »
Private equity player Milestone Capital is hoping to raise Rs. 500 crore in its 10th fund. They launched this fund keeping in mind that they will invest the money which will be raised through them in the mid-segment residential real estate. Tata Investment Corporation is the anchor investor in this fund which is named as [...] Continue Reading »
Today the Indian Green Building Council (IGBC) announced three rating systems to cover schools, metro rail projects and new buildings. Prem C Jain the Chairman of IGBC stated that the New Building Rating System comes into force because IGBC and US Green Building Council have parted ways on the LEED certification programme. The launching of [...] Continue Reading »
