Insurability
The Modinomics has spread a positive vibe post the budget session and the ripples are to be seen everywhere. Embassy Office Parks, a joint venture between private equity firm Blackstone Group and office space developer Embassy Group, is in advanced talks to acquire three large IT parks spread over two million square feet each in [...] Continue Reading »
The land acquisition act was constantly under pressure ever since it was launched and most of the state governments have sought a relook at UPA’s Land Acquisition Rehabilitation and Resettlement Act, 2013. By early as the next fortnight, the Centre is going to convening an all-party meet to discuss all these issues and come to [...] Continue Reading »
According to an internal note of the Department of Telecommunications (DoT), the government plans to make creation of telecom infrastructure mandatory for future real estate ventures, including high rises. DoT is likely to shortly specify the real estate project categories where it may purely be the property developer’s responsibility to arrange the basic telecom infrastructure, [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
During the course of an Assocham event held in New Delhi on Wednesday, Warehousing Development and Regulatory Authority (WDRA) Chairman Dinesh Rai said that the cost of land is one of the main constraints for the warehousing sector in India. Asserting that other logistic costs are also significant for India’s unorganized warehousing sector, Rai said it is pertinent [...] Continue Reading »
As per the Economic Survey report, fresh investments have slowed down in SEZs in the recent years. The report has urged the government to give clear signal to revive the special economic zones (SEZ). The SEZs were major export and manufacturing hubs, and every company wanted to open their units in SEZs. However in the recent [...] Continue Reading »
A Kerala Minister said on Monday that the Congress-led UDF government will not extend its cooperation to the proposed private international airport project at Aranmula. The work on the controversial Rs 2,000-crore Aranmula airport project, which is being touted as the first private greenfield airport project in India, has been brought to a standstill by the [...] Continue Reading »
Delta Corp is India’s largest and only listed company in the gaming and casino segment. It is under the lens of income tax authorities on Tuesday for alleged tax evasion. Peninsula Land Limited, the real estate arm of the Ashok Piramal Group is also under the scanner. Around 25 residential and official premises, in Mumbai [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
GMR Infrastructure has made an upfront 14.4 billion Philippine Pesos (about USD 320 million) payment in an agreement to develop and operate the Mactan Cebu International Airport in the Philippines. The company has won an international bid, together with Philippines based construction firm Megawide. The bid involves developing and operateing the Mactan Cebu International Airport [...] Continue Reading »
