land acquisition
Kochi- The Kochi Metro Rail Ltd (KMRL) is likely to sign a memorandum of understanding (MoU) with the National Highway Authority of India (NHAI) in order to resolve their differences of opinion and thus facilitate the construction of the Metro in the city. Meanwhile, the Delhi Metro Rail Corporation (DMRC) is considering plans to finalise [...] Continue Reading »
The new land pooling policy is likely to be tabled for approval at a meeting of the Delhi Development Authority (DDA). This move aims to encourage the active involvement of private sector. The government agencies are considering this as an alternative to land acquisition. The land policy so made is based on optimum utilisation of [...] Continue Reading »
Pragnya Advisors Pvt. Ltd has invested around Rs 27.5 crore in Bangalore in a Habitat Ventures project and another $5 million in an office space development in Colombo, Srilanka. Pragnya has two real estate-focused funds. The first fund of $40 million was distributed across seven transactions and money from the $50-million second fund is being [...] Continue Reading »
Kochi- The National Highways Authority of India (NHAI) has raised an objection against the launch of Kochi Metro work without first acquiring land for widening the national highway along which the metro over-bridge has been proposed to be constructed. The Kerala government is all set to launch the project as soon as the Terms of [...] Continue Reading »
New Delhi- As per the new Master Plan of Delhi, if a part of any property comes in the way of a development project which is carried by Delhi Development Authority, then the DDA will have complete right for land acquisition, but in return, as a part of compensation, the Authority has to give additional [...] Continue Reading »
Kochi- Land acquisition for Thammanam-Pullepady road widening project seems to start shortly with the Kochi Corporation planning to issue the preliminary notification. Revenue department has been issued directions to speed up procedures for issuing a preliminary or 4 (1) notification. The project requires around 20 acres of land for road widening as well as rehabilitation [...] Continue Reading »
New Delhi- Owing to delay in initiating projects, prices of properties in India have shot up by 40 percent, reports Economic Survey 2013. Before the construction activity of a project has to be started, the builder of the project has to complete 34 procedures to get clearances which would take at least six months time [...] Continue Reading »
The construction sector in the past 2-3 years has been witnessing order inflows with land acquisition and policy paralysis issues being the key factors. It is expected that the upcoming Budget will usher in solutions in terms of allocation across segments like roads, urban infra, irrigation, power and so on. The realty industry expects that [...] Continue Reading »
New Delhi- The highway builder’s apex body, NHBF has written to the Prime Minister seeking to direct NHAI to invite bids only after land acquisition and other clearances are put in place. The letter stated that the sector is going through a difficult phase with a large number of projects yet to achieve financial closure. While [...] Continue Reading »
Kolkata- Trinamool Congress (TMC) led Zilla Parishad has issued a notice for land acquisition in Nandigram which has made the residents unhappy. The residents, whose land is supposed to be acquired by TMC, have clearly said that unless proper compensation is not given, they will not give the land for road development. Some residents alleged [...] Continue Reading »
