Lok Sabha elections
Six months after the cabinet-approved construction of five signal-free corridors to reduce Bangalore’s traffic problem, the projects have yet to be initiated. Lok Sabha elections had earlier stalled the projects, and now political apathy has prevented them from taking off. Tenders for two of the corridors – Dr. Raj Kumar Road and Old Airport Road, [...] Continue Reading »
“Ab ki Baar Modi Sarkar”, we’ve heard that over the months before the Lok Sabha elections could have happened this year. The orange brigade now in power, Bharatiya Janata Party has made it clear at the centre that there would be a revival when it comes to foreign investments making inroads and the development of [...] Continue Reading »
Construction in the city has slowed down due to workers shortages as they have gone back to their native places to cast their votes. Time-bound projects will be affected the most, as a result. Bangalore construction industry is dependent upon labourers from Karnataka, Orissa, Bihar, Uttar Pradesh, Rajasthan, Tamil Nadu and Andhra Pradesh. A lot [...] Continue Reading »
Honda Cars India, headquartered in Japan, might set up its plant in the country in Gujarat, sources said. Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) following this will be setting up a plant in the state. “Honda Cars looking for a 250-acre land parcel had already visited a site in Vithalapur. However the company [...] Continue Reading »
Financial assistance of Central government for the Jaipur Metro Phase-I project might not be taken by the state government. “The total project cost for Phase-I is Rs 3,149 crore said a senior official source. The previous state government had sanctioned Rs 1,802. More funds might not be required as recently, the BJP-led government, too, has [...] Continue Reading »
The real estate companies are transferring funds from housing and other projects towards election campaign contributions. As compared to other sectors the developers are depending on connection with the government to acquire land or win contracts. If the developers support the campaign of the winning party the return is huge for the developers. Mr. Santhosh [...] Continue Reading »
The Tata-owned Indian Hotels Company got another chance to operate the iconic Taj Mansingh hotel as the New Delhi Municipal Council did not have any feedback from the Solicitor General on the auction and the current lease expires on March 31. Mr. Jalaj Srivastava, chairperson of NDMC, says that the council has decided to give a four-month extension, [...] Continue Reading »
According to the report, the Indian construction and real estate sector continues to be a favored destination for global investors and businesses. As per the tax and advisory firm, Grant Thornton, the large numbers of people are shifting towards the cities and the interest shown by the buyers to invest in the real estate market will [...] Continue Reading »
To stop the increasing slums in national capital and to replace them with the affordable housing for those who belong to weaker section is a major promise made by all political parties for the coming elections. Even after the completion of this project, houses are not allotted to their rightful owners. With the model code [...] Continue Reading »
To make way for a new elevated corridor from Chalukya Hotel Circle to Hebbal junction, Bangalore Development Authority (BDA) has decided to demolish the existing flyover opposite its head office on Sankey road. After the end of Lok Sabha elections and getting clearance from state government this project is expected begin. It was told by a senior [...] Continue Reading »
