Airport
The NDA government has apparently cleared revised norms for the Navi Mumbai airport project bids in record time; thus finally giving the go-ahead to the project which has been delayed for more than a decade. With the revised tender document prepared by Cidco having been cleared by the Civil Aviation Ministry, the process of inviting [...] Continue Reading »
A Kerala Minister said on Monday that the Congress-led UDF government will not extend its cooperation to the proposed private international airport project at Aranmula. The work on the controversial Rs 2,000-crore Aranmula airport project, which is being touted as the first private greenfield airport project in India, has been brought to a standstill by the [...] Continue Reading »
An official said the highest bid received for the land was Rs 1,09, 500 per sq m. On Tuesday, the JDA earned nearly Rs 89 crore through auctioning a big chunk of land measuring 8098. 74 sq metres situated at Tonk Road near the airport. A senior official of finance wing said “In the past [...] Continue Reading »
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »
In Jaipur, Jagatpura is an upcoming real estate activity hub. Its proximity to the airport and its accessibility is the primary attractive asset. Its connectivity with the commercial and residential hubs of the main city also works in its favour. With a host of hotel projects and residential projects under development, Jagatpura has been witnessing [...] Continue Reading »
In 2012 a 1,000 sq ft house which was available at Rs 13,000 for an average monthly rent has now increased its rent to approximate Rs 16,000 per month by the end of 2013.As per data one can estimate an increase of 20 percent in its value and the demand of the locality too. Yerwada [...] Continue Reading »
GMR spokesperson says that GMR and its partner plan to double the passenger capacity to 14 million per year in the next three-four years. The consortium consisting of GMR and Philippines’ Megawide Construction Corp was recently awarded a 25 year contract for the development of the country’s second largest airport. The spokesperson says that the [...] Continue Reading »
Nearly 90 big billboards are coming up across Bangalore, questioning ‘Can India can raise the bar?’ or ‘Will India fly high?’, among other questions. These campaigns ask voters to turn out in large numbers at polling booths on April 17, when Karnataka votes. Ms. Tanya Singh Khosla, city-based graphic and brand designer, starts this campaign [...] Continue Reading »
In north Bangalore, interest in real estate peaked with the setting up of the international airport in 2008. The as yet mainly unfamiliar region boasted sizeable tracts of land at considerably lower prices, which helped in the growth of commercial space in this region. Connectivity by the Outer Ring Road (ORR), the Hebbal flyover and [...] Continue Reading »
As per a report, India needs Rs 14 lakh crore for the growth of transport infrastructure to achieve 7 percent economic growth. The report says that the National Transport Development Policy Committee (NTDPC) needs to raise its investment in transport infrastructure like rail, highways, port and airport to Rs 70 lakh crore levels in 15th [...] Continue Reading »
