land acquisition
It has been understood that the acquisition of land is a major source of obstruction to the implementation of projects before the current designate Prime Minster Narendra Modi and his Council of Ministers hold office from the 26th of May. On Tuesday, when a presentation meeting was conducted by Cabinet Secretary Ajit Seth, about 70 [...] Continue Reading »
Among several infrastructure sectors – from road, to railway and power, there is a growing screech against the provisions of a new land acquisition law fearing a three-fold jump in acquisition cost due to the new legislation. The road transport and highways ministry has asked government to increase budgetary allocation for land acquisition, whereas the [...] Continue Reading »
An objection is filed against Lafarge Suma Cement’s ,land acquisition and limestone quarrying operation close to villages of Shella and Tynger in Meghalaya is been assessed by the compliance advisor/ombudsman (CAO). According to an independent recourse mechanism for projects supported by the World Bank Group i.e. CAO, last year in January, a complaint was filed [...] Continue Reading »
Pune real estate sector is witnessing some renewed interests of private equity players. The reasons may be the uninhibited influx of professionals and a robust local economy, which is relatively less affected by the economic downturn, The developers have also ensured a steady demand for homes and offices in the city. This has helped induce [...] Continue Reading »
The department of industrial policy and promotion (DIPP) secretary Amitabh Kant on Wednesday stressed on the need for amending the existing Land Acquisition Act stating that it has become difficult to acquire land for construction of roads, ports and creating other infrastructure under the act. He points out that a lot of projects have been [...] Continue Reading »
For the inordinate land acquisition delays of Kochi Metro, who’s to blame? As the agencies involved in the procedure such as the revenue department and the Delhi Metro Rail Corporation (DMRC) are blaming each other for the cause, the latter has already gone on record about the project going well beyond the December 2016 deadline. [...] 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 »
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 »
Dwarka Expressway has emerged as one of the most famous real estate destinations in the National Capital Region (NCR).The project was to be completed in March 2012 but because of land acquisition issues the project was delayed. The builders who involved in this project played a vital role in accelerating the development process and ensuring [...] Continue Reading »
DDA’s master plan 2021 will help in checking the increasing price of housing units in Delhi and NCR. The industry insider noticed that these would be at least 15 to 20 percent cheaper as compared to the estimated cost of the real estate in the next 3 to 4 years. Mr. Anshuman Magazine, CMD, CBRE, [...] Continue Reading »
