Government
The Mamata Banerjee government is trying to take opinion from French and British architects and town planners in its endeavour to bring an international perspective for town planning and urban development in the city. A seminar was organized by the CII on urban designing and town planning. French town planner Florence Bougnoux, a man of [...] Continue Reading »
After the new government takes charge the lackluster real estate sector is unlikely to revive soon. For concrete signs of revival experts are looking at a timeframe of anything between 12 and 18 months from the time of the new government. That too is conditional. An upswing in the realty sector will be possible only [...] Continue Reading »
According to Minister for Urban Affairs Manjalamkuzhi Ali the state government is going to introduce a slew of measures to streamline the real estate sector. Some of the steps are setting up a Real Estate Authority, online registration facility for developers and amendments to the Coastal Regulation Zone Act. The minister was at Recon 2014, [...] Continue Reading »
The National Highways Authority of India (NHAI) is looking at ways to ensure against unduly aggressive bids with a large number of developers abandoning flagship projects — the GMR Group walked out of the Kishangarh-Ahmedabad project in FY13. While the GMR Group had bid a first-year premium of Rs 636 crore for this project, the [...] Continue Reading »
Among several infrastructure sectors – from road, to railway and power, there is a growing screech against the provisions of a new land acquisition law fearing a three-fold jump in acquisition cost due to the new legislation. The road transport and highways ministry has asked government to increase budgetary allocation for land acquisition, whereas the [...] Continue Reading »
The absence of government in Delhi has slowed down a lot of projects. Several development projects, which require constant direction, coordination and monitoring, have slowed down. The capital is being governed under the Lieutenant Governor who has taken control of the day-to-day affairs. Some of the projects that have been affected are Construction of flyovers [...] Continue Reading »
The department of industrial policy and promotion (DIPP) secretary Amitabh Kant on Wednesday stressed on the need for amending the existing Land Acquisition Act stating that it has become difficult to acquire land for construction of roads, ports and creating other infrastructure under the act. He points out that a lot of projects have been [...] Continue Reading »
If BJP’s prime ministerial candidate Narendra Modi is voted to power, it’s not just China that’s optimistic of a bigger economic presence in India. After the elections get over in May, Taiwan, which is still considered by Beijing as part of China, is likewise anxious of the poll outcome and is also hoping of its [...] Continue Reading »
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
For the first time in seven years, private investment in highway projects has declined, as per the data compiled by the highways ministry till February it has been witnessed a dropping in 2013-14 as compared with the all-time high of2011-12. Projects for 1,116 km were awarded whereas construction was done over 1,661 km which is [...] Continue Reading »
