Development
Carnation Hotels, the hotel management joint venture partner of Lemon Tree Hotels, has signed a management contract for building a Lemon Tree Hotel with Laskhana Consultants and Hoteliers. The hotel is presently under development at Kalapatti in Coimbatore. The 60-room hotel will cater to the rapidly growing IT (information technology) destination of Kalapatti and is [...] Continue Reading »
Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 percent and improve cash-flows for faster execution of ongoing projects, company’s chairman Ramesh Chandra has said. Unitech currently has over 100 ongoing projects, totalling an area of 38.41 million sq ft. Its net debt stood at Rs 5,900 crore at the [...] Continue Reading »
Though Fazilka became a district on July 27, 2011, it lacks infrastructure with several posts of district-level officers lying vacant. The additional charge of most of the vacant posts has been given to the officers posted in Ferozepur district. The additional charge of the post of Additional Deputy Commissioner (ADC, Development) has been given to [...] 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 »
Seeking an explanation from Haryana on the release of Gurgaon land which the state initially proposed to acquire for public purposes, the Supreme Court sought details last week of every sale deed between land owners and private builders for 1,400 acres in the district where urban residential and commercial sectors are coming up. But official [...] Continue Reading »
Chief Minister J Jayalalithaa on Sunday announced several projects worth more than Rs 2,000 crore for infrastructure development in Coimbatore city. The projects include 2,912 houses for the homeless to be built at a cost of Rs 443.6 crore, underground drainage and storm water drains in extended areas of the city corporation at an estimated [...] Continue Reading »
The government is redesigning the way highways projects are allocated based on the assessment of their viability. This step is taken to fast track the awarding of the highway projects, and thereby expediting the construction process. This move might be good for the infrastructure development of the country. According to the sources, projects would now [...] Continue Reading »
Even as developers holding land in Mangar are making all out efforts to prove that the area does not have forest, a visit by an HT team revealed that most of the land is covered by thick Aravalli vegetation. It also has dense undergrowth. Hailed by environmental experts as the last remaining virgin forest area [...] Continue Reading »
“Ab ki Baar Modi Sarkar”, we’ve heard that over the months before the Lok Sabha elections could have happened this year. The orange brigade now in power, Bharatiya Janata Party has made it clear at the centre that there would be a revival when it comes to foreign investments making inroads and the development of [...] Continue Reading »
The corporate bigwigs of Andhra Pradesh desire that the new Government, under the headship of Narendra Modi, should take up development issues as a top priority, to give the industry a substantial boost. Talking about the people’s mandate in the two states, and sharing their views about the post-poll scenario, some of the Andhra industry’s [...] Continue Reading »
