Development projects
The Deputy Chief Minister Ajit Pawar who had a wish for Cidco to pay PWD Rs 1,220 crore so that there is no need for the Kamothe toll plaza may remain unfulfilled. The Cidco administration is in no mood to part with even a penny. Its officials say that the agency is a self-sustaining commercial [...] Continue Reading »
Noida: Noida and Greater Noida are witnessing development projects worth Rs 3,337 crore. The residents of the twin districts have been awaiting this for nearly an year. In the coming few years, the two districts will be flushed with several development activities. The key projects coming up in Noida and Greater Noida include- two new [...] Continue Reading »
Delhi- In order to promote low-cost housing projects, the government is planning to allow foreign direct investment (FDI) in such projects, subject to a host of conditions, including a lock-in period and minimum capital requirements. At present, FDI is banned in the real estate business but 100 percent FDIis allowed in the construction development projects [...] Continue Reading »
The provision of suggesting civic budget by the citizens in Pune seems to be failing. Pune Municipal Corporation is not able to implement the suggestions, despite having budgetary provisions. The civic body had launched the initiative of citizens’ participation in the preparation of budget in 2007-08. After the launch, it has seen an increase in [...] Continue Reading »
In order to crackdown sloppy work, a policy has been issued by Brihanmumbai Municipal Corporation (BMC) which states that maximum period of redevelopment of property should be four years and levying penalties on developers who cross deadlines. Already over Rs 90 penalties are issued on sub-engineers of road department for not filling up the pot [...] Continue Reading »
Chintels India Ltd., a real estate development company, has announced the launch of over five million square feet of residential and commercial development projects recently. The projects are valued at around Rs 3500 crore in current market rates. Chintels has an extensive presence in Delhi and NCR. The launched projects spread across Sectors 106, 108 [...] Continue Reading »
Only 37 percent of total budget has been utilized by Municipal Corporation of Gurgaon (MCG) since previous three years. The local civic body was notified in year 2008, however it was incomplete till the 2011 May elections. Also, during year 2005 the second Administrative Reforms Commission (ARC) was set up to achieve accountable, efficient, proactive [...] Continue Reading »
Real estate India is already floating, trying to reach the zenith midst high property rates and interest rates. One more add on problem the real estate is facing today is shortage of unskilled labourers. There is a dire need of qualified professionals like building planners, civil engineers and architects. The shortage of these labourers have [...] Continue Reading »
