environmental clearances
The local self-government department (LSGD) here has directed all local bodies to maintain a register on constructions that violate building norms. The move is expected to curb the illegal construction activities within the limits of the local self-government bodies. The team of officials from the vigilance wing of LSGD had conducted site inspection across the [...] Continue Reading »
The two blocks where residents live comprising about 400 flats at Mantri Tranquil Apartments in Gubbalala near Uttarahalli, it is tranquillity lost for the last ten days as the Bangalore Electricity Supply Company (Bescom) has cut the power supply. The Bescom initiated the action following a letter from the Bruhat Bangalore Mahanagara Palike (BBMP) stating [...] Continue Reading »
The NaMo government is planning to give the gift of infrastructure on the independence day of India this year. Stalled highways projects worth Rs 1, 80,000 crore will be rolled out in a month’s span after sorting out hurdles like delays in land acquisition and green nods. Road transport and highways minister Nitin Gadkari mentioned [...] Continue Reading »
Many reasons have led to cost overrun of 21 % for around 239 projects up till February 2014 in coal, power, petroleum and steel sector. The turbulence in the infrastructure sector led by delays in regulatory approvals, problems in land acquisition & rehabilitation, and environmental clearances seem to the major factors leading to this cost [...] Continue Reading »
On 53 leading builders of the city, Madhya Pradesh Pollution Control Board (MPPCB) has slapped show cause notices for violating green norms. Environmental clearances as required under the Environment Impact Assessment notifications issued by Ministry of Environment and Forests (MoEF) were not taken by any of the builder. An MPPCB official said that these notices [...] Continue Reading »
According to a report, in the third quarter of the current fiscal, Investment cycle in the construction sector is likely to improve if a stable government comes to power at the Centre after the general elections. Credit rating agency ICRABSE mentioned in its report that until September, though there were expectations of facing execution challenges [...] Continue Reading »
In the third year of the UPA-II regime a large part of the project to build 2,500 km of highways was awarded which has now been cancelled. In 2011-12 most of these projects were awarded by the National Highways Authority of India (NHAI). Because of the economic slowdown in the succeeding years 2012-13 and 2013-14 [...] Continue Reading »
There is good news for those real estate companies in Mumbai whose projects have been stuck due to regulatory approvals. The Maharashtra government is now looking to fast track the clearances of the project in Mumbai. Real estate in Mumbai has witnessed low launches in 2011. This was happened due to slow project approval process [...] Continue Reading »
