land acquisition
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter. CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also [...] Continue Reading »
Nashik- With the consent of 150 farmers for land acquisition, the construction of 32 km rail track from MahaGenco’s existing thermal power plant at Eklahare to Sinnar will soon start for transportation of coal. The power plant will be jointly set up by Indiabulls Realtech Ltd (IRL), a subsidiary of Indiabulls Power Ltd, and Maharashtra Industrial [...] Continue Reading »
After the demise of Shiv Sena chief Bal Thackeray, specualtions are high regarding the control of Shiv Sena over Brihanmumbai Municipal Corporation (BMC). BMC is perceived as a mini-government within Maharashtra state and it directly controls one of the World’s most costliest properties in greater Mumbai. Developers since the past few years have been relying [...] Continue Reading »
The State Government of Hyderabad has announced that the first ever nuclear power project will be set up in Andhra Pradesh. About 5 villages were shortlisted in the North coastal district of Srikakulam to set up the project. Five years ago, it was decided that the Nuclear Power Corporation of India (NPCIL) had declared to [...] Continue Reading »
Builders’ Association of India (BAI) has expressed concerns over issues of land acquisition, environmental clearance and labour laws, affecting real estate industry. Delay in land acquisition and environmental clearances are taking a toll on construction projects and acting as the main protagonist behind escalating their prices. 700 builders from 265 branches of BAI from across [...] Continue Reading »
HDFC Portfolio Management Services (PMS), a division of HDFC Asset Management, has sold its 50 per cent stake in property developer Runwal Group‘s project in Mulund suburb of Mumbai for 250 crore. HDFC PMS‘ exit from this project is one of the largest realty fund exits in terms of returns. With 250-crore exit, HDFC PMS [...] Continue Reading »
No process of land acquisition will take place in Rewari till judicial commission submits its report to the Haryana government regarding the violence occurred on July 22. The violence occurred in a protest led by farmers against the land acquisition process. The judicial probe will be headed by a retired Justice of Punjab and Haryana [...] Continue Reading »
The CBI on July 16 told the CBI court that a part of the missing Rs 300 crore in the Vanpic port project deal was invested in YS Jaganmohan Reddy’s firms. Ras Al Khaimah (RAK) government which had entered into a deal with state government to construct Vanpic project gave Rs 450 crore for land [...] Continue Reading »
Due to opposition from locals, the Pune Municipal Corporation‘s (PMC) efforts to decentralise garbage processing has halted with the state and civic body failing to acquire land to set up the processing units. A civic official said, the civic body had forwarded 17 land acquisition proposals to the district collector and some were finalised by the state [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) will be opening the Outer Ring Road (ORR) stretch between Patancheru and Shamirpet to traffic in July. The road works will be completed by end of June and it will be open to public in July if chief minister Kiran Kumar Reddy grants permission, said sources. The HMDA has already completed about 87 [...] Continue Reading »
