Infrastructure
It is expected that the new government’s thrust on infrastructure, including the commissioning of new airports and metro rails, will lead to higher demand for elevators, escalators and travelators (moving walks). This has increased activities in the elevator companies and a dozen odd leading elevator companies in India are competing to grab the orders and [...] Continue Reading »
Many Dubai based organisations are keen to develop the Gujarat International Finance Tec-City (GIFT City) project near Gandhinagar, state Finance Minister Saurabh Patel said here today. Patel had been to Dubai between August 8 and 10 to promote the state government-backed GIFT City project, along with Chairman of GIFT City’s Sudhir Mankad and Additional Chief [...] Continue Reading »
The Finance Industry Development Council (FIDC) has suggested a few things to provide a thrust to the ailing infrastructure industry. Equipment used in building of roads, ports, airports and other infrastructure should be treated as “infrastructure” for the purpose of lending by banks. Bringing “equipment” within the scope of the list of “infrastructure” sectors for [...] Continue Reading »
Versova is a major residential hub that situated in the western suburbs of Mumbai. Located in Andheri, it is an upmarket residential destination that has experienced much development in terms of infrastructure and connectivity. During the past, there were bungalows in this area, some of which have been now replaced by apartments. Maharashtra Housing and [...] Continue Reading »
The Noida Authority has given its requisite approval for the widening of the bridge which flanks across an irrigation drain that flows between Noida and East Delhi. The widening of the bridge underscores an attempt by the Authority to facilitate the decongestion of one of Noida’s busiest road intersections. The work on widening the bridge [...] Continue Reading »
After the bifurcation of the state of Andhra Pradesh, everything was divided, or there are bodies which are newly formed for the new state. The newly-formed AP chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has urged its members to adhere to the National Building Code. They have also urged to [...] Continue Reading »
The urban development minister M Venkaiah Naidu told the Parliament Wednesday that the state of FDI investments is showing green. India’s urban development sector received foreign direct investment (FDI) worth $1.3 billion (Rs 7,924.85 crore) during the 2013-14 fiscal. The FDI, in the form of equity, was used for construction of townships, and in projects [...] Continue Reading »
The Telengana Government is trying to set up a ‘Pharma City’ near the state capital on the span of 8,000 acres. The city that has been proposed to be built will have industries, a residential colony and a power plant with 500 MW capacity will be constructed beside the city which will provide the city [...] Continue Reading »
A project for upgrading two roads in North Bengal, which will connect Bangladesh, Nepal and Bhutan, has been approved by the state Cabinet. The total estimated cost for this project will be INR 1377.55 crore and Asian Development Bank (ADB) will fund the entire cost. North Bengal Development minister Gautam Deb informed about the same. [...] Continue Reading »
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »
