Land
State owned Flag carrier Air India’s (AI) balance sheet has been in red for the last many years and the loss making company is reeling under the pressure to bring back its lost sheen. AI has approached the government of India undertaking company National Buildings Construction Corporation Ltd. (NBCC) to help it monetise its assets. [...] Continue Reading »
The cost of land has soared in the last few years and this has totally altered the economics of the greenfield projects in India. Till the early 2000s, land was available in many parts of the country at Rs 50,000 or less an acre. Today, that base figure is probably Rs 5 lakh. Even the tier [...] Continue Reading »
All the ministries have been demanding reforms in the Land Acquisition bill which was passed by the previous UPA government. In a decision, which could have far-reaching consequences on industrial development, the government may simplify the land reforms laws. On Tuesday, the government tabled the Karnataka Land Reforms and Certain Other Laws (Amendment) Bill, 2014. [...] 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 »
Bangalore Chamber of Industry and Commerce (BCIC) has welcomed the Karnataka Government’s move to offer KIADB (Karnataka Industrial Areas Development board) land on a 99-year lease. A.N. Chandramouli the President of BCIC stated that the State government’s move will promote rapid industrialisation of the State. BCIC welcomes the move and was waiting for some rapid growth [...] Continue Reading »
The Rajasthan Congress opposed the report which says that Robert Vadra purchased and sold the land and made undue windfall gain in the process. Mr. BD Kalla, Senior Congress leader, says that BJP is raising issues which have no significance. All the dealings done by Robert Vadra was as per the rules. The land was [...] Continue Reading »
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »
Lucknow Development Authority (LDA) decided to develop a 45 kms long road through Gokul Vihar Welfare Society in Ahimamau village which will affect more than 50 families. Residents allege that LDA has changed the initial route against master plan 2021, in order to pass on benefits to several builders. Mr. Pawan Tiwari, a resident, says [...] Continue Reading »
The parliamentary panel says that the law should be applicable on the constructions built on 100 sq m area or more. The Standing Committee says that the small projects has been removed from the purview of the Bill where the area of land is less than 1000 sq m or where a building does not [...] Continue Reading »
It could end up embarrassing the congress party that the company in which Congress President Sonia Gandhi’s son-in-law Robert Vadra has shares earns huge profit from purchasing land at minimum prices and selling these at high rates. After BJP MP from Bikaner Arjun Meghwal demanded investigation of the irregularities committed in the land deals, the [...] Continue Reading »
