Madhya Pradesh
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »
The 48th meeting of the Central Sanctioning and Monitoring Committee (CSMC) under Pradhan Mantri Awas Yojana (Urban) on Friday has approved 371 recommendations from participating states and Union Territories for construction of 2,31,532 lakh houses with an overall investment of Rs 7,322 crore including central help of Rs 3,473 Cr. A total of 7-states/UTs participated [...] Continue Reading »
An estimated 350 million USD will be provided as loan assistance by the Asian Development Bank for the upliftment of Madhya Pradesh district roads. According to a statement provided by the Asian Development Bank, it has planned to offer 350 million USD in loan for assisting the upgrading of district roads in the state which [...] Continue Reading »
Acceptance for land and building across states are not consistent. Additionally in some places they are contradictory and differ in order of importance. Recent study of Planning Commission has been used by the sources to observe the differences and how they affect investors. Key regulatory framework that bears the greatest significance is the time taken [...] Continue Reading »
Mr. Vishwanath Nair concluded in a report that the loans restructured by corporate debt restructuring (CDR) will cross Rs 3 lakh crore by the end of this financial year. The loan recast in the financial year 2014 have crossed Rs 70, 000 crore with restructuring requests for nearly to Rs 20, 000 crore having delayed [...] Continue Reading »
The weakened highways sector could get a boost with the government planning to do new construction and development model that will make it cheaper to build and operate projects. This modified annuity-based model is expected to help the government to build highways owing to lack of interest by the private sector of late, towards a [...] Continue Reading »
Before Lok Sabha elections, the Congress general secretary Digvijay Singh gets relief from CBI, as the agency gave clean chit to him in a 2008 case of land allotment in Indore for a mall. The CBI, in the report, says that there were evidences found against Digvijaya. He was accused of changing the laws to [...] Continue Reading »
Infosys laid the foundation stone of its planned SEZ which will be formed with an initial investment of Rs 400 crore. SEZ which is to be constructed on 130 acres of land, its foundation-laying ceremony is to be held at the Super Corridor on the outskirts of Indore in the presence of Madhya Pradesh Chief Minister Shivraj Singh Chouhan. Infosys [...] Continue Reading »
The joint venture real estate company of Dubai’s Emaar Properties and India’s own MGF Group is seriously considering the idea of what it calls an “iconic” building in India. The venture has since its launch in the country in 2005, remained focused on high-end residential and commercial properties (in the ratio of 9:1). The development activities of [...] Continue Reading »
Indore- The real estate developers in Madhya Pradesh are not bothered to follow Green Building concept, a new concept to rate building on certain factors. The efforts and incentives provided by government are also going in vain. It is found that not even a single building in state is rated “green building”. According to some [...] Continue Reading »
