land acquisition
Due to increasing housing requirements in cities and towns, the government is expected to create rental houses in order to meet the needs of people who cannot afford to buy houses. Currently the housing shortage is at around 27 million units and at least 50% is ascribed to people who cannot manage to own houses. [...] Continue Reading »
The Karnataka government has planned to acquire one lakh acres of land to give it to the investors at the GIM. The government has already included over 40,000 acres of acquired land to the land bank. But the protestors are stating that the government is acquiring surplus land using GIM as the pretext and turn [...] Continue Reading »
The National Highways Authority of India (NHAI) has made a notification for widening of national highways to 45 meters in the district. The coordination committee of people’s forum had opposed the decision stating that this decision will help the land mafias in those areas. According to the group, widening of roads up to 30 meter [...] Continue Reading »
Land acquisition continues to be the biggest hurdle for implementing projects in Karnataka. About 389 projects will be launched in Karnataka. The Memoranda of Understanding (MoU) for those projects were signed in the Global Investors Meet (GIM). All those projects will draw an investment of Rs 3.92 lakh crore in the state. Majority of the [...] Continue Reading »
Acquiring land for industrial and infrastructure development in India will be a tough job after the Land Acquisition Bill get confirmation of the parliament. The industry is alarmed by the panel’s suggestion that the government should no longer help the private sector buy land. Instead, they recommend the government should intervene in negotiations with landowners [...] Continue Reading »
The supreme court has ordered the Haryana Urban Development Authority (HUDA) to stopped the construction of the Pinjore-Kalka Urban Complex. In the order, the court has told the Haryana government that ‘the entire land acquisition carried out in the area for developing the complex deserves to be quashed’. With this order the investors who have [...] Continue Reading »
Private equity (PE) funds have become conscious regarding the investment into real estate in India. Now a days, the PE firms are showing less interest in investing in start up projects, since most of the earlier investments have not shown the expected appreciation so far. Moreover, the project delays also worries the PE investors. $359 [...] Continue Reading »
It is reported by the member of Rajya Sabha that the issues related to construction of residential apartment on Delhi outskirts and Noida extension are still unresolved. The delay in resolving the concerns is happening due to the red-tapism of the government. The member of the parliament has also claimed that The National Capital Region [...] Continue Reading »
The Tripunithura Municipality has allotted Rs 3.2 crore for setting up a public park in the city. However the construction of the park is delaying due to the conflict of opinions over the land acquisition between the Municipality and the Palace Administrative Board. The Palace board are asking a higher price for the land which [...] Continue Reading »
The state government has handed over about 90% of the land required for the construction of the Metro railway in Hyderabad. The construction company Larsen and Toubro Ltd (L&T) will construct the entire project in a phased manner in the next five years. The total estimated cost of the construction will be Rs 16,375 crore. [...] Continue Reading »
