Government
In the next 45 days, India is probably going to see a new government and corporate are demanding “less government interference” and more private sector participation in “nation-building”. Pankaj Patel, chairman and managing director of city-based Zydus Cadila echoed his sentiments that he is looking forward to less interference, quick policy reforms and more liberalization. [...] 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 »
Of the cases approved in FY13 and first half of FY14, companies in the construction or infrastructure sectors form the highest proportion of Corporate Debt Restructuring, according to rating agency ICRA. Indian construction sector is in a tight spot due to delay in environmental clearances, high land acquisition costs and increased due diligence by lenders. [...] Continue Reading »
In the neat and clean residential blocks of Pandara Road, Hidden in the middle lays a colony surrounded by a brick wall, constituting of a dirty track along with a decaying single-storey houses with their broken roofs roofed with tarpaulin sheets. Locally the colony is identified as Jodhpur Mess servant quarters. As per the residents [...] Continue Reading »
The Municipal Corporation and locals are showing zero-tolerance to unauthorized buildings and chawls post the collapse of an illegal building at Shil Road in Mumbra. The last year incident was shocking. High rise towers used to come up frequently and the needy would occupy them as they were sold at the rate of a tenement [...] Continue Reading »
Brakes have been put on mergers and acquisitions activity in the power and infrastructure space due to general elections. Earlier Infrastructure developers which were anxiously investigating for investors are now pushing negotiations waiting for elections as they suppose that a stable new government may increase their threadbare valuations. Conversely, the investors are going through deals [...] Continue Reading »
Secretary, Civil Aviation, Ashok Lavasa, said on Thursday that on the recommendations of the Election Commission, the modernisation of Chennai, Kolkata and four other airports has been put on hold. The Commission has asked us to put it (airport modernisation) on hold till the process of elections is over. The date for submission of bids [...] 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 »
Today a loan agreement has been signed with the Government of India by the Japan International Cooperation Agency (JICA) to provide 1,40,000 million Japanese Yen of Japanese Official Development Assistance (ODA) for constructing the phase 3 of Delhi Metro under the Delhi Mass Rapid Transport System Project Phase 3 (II). This loan is successive to [...] Continue Reading »
Over recent years, National Highways Authority of India (NHAI) is not ready to accommodate an increase in project costs due to which road developers are in a fix. Since a number of projects have seen a 30 per cent rise in costs such as rise in bitumen, diesel and labour expenses, besides interest rates, developers [...] Continue Reading »
