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Maharashtra

Maharashtra tops Gujarat as investment destination: Assocham

Maharashtra tops Gujarat as investment destination: Assocham
According to an Assocham report, Maharashtra replacing Gujarat has appeared to be the number one investment destination in the country. An analysis by the industry group illustrated, as on December 2013 Maharashtra attracted investment proposals of Rs 14,73,466 crore cumulatively, while Gujarat drew proposals worth Rs 13,98,347 crore. The state’s focus on development of industrial [...] Continue Reading »

Adarsh scam: CBI files revision plea in Bombay HC to drop Ashok Chavan’s name from charge sheet

Adarsh scam: CBI files revision plea in Bombay HC to drop Ashok Chavan’s name from charge sheet
The Central Bureau of Investigation (CBI) has now moved the Bombay high court for the same relief, Two months after the sessions court threw out its plea to drop charges against former Maharashtra CM Ashok Chavan in the Adarsh housing society scam. There was not much evidence against Chavan though initially while seeking sanction it [...] Continue Reading »

Sandeep Shah appointed as Hon. Consul for Maharashtra

Sandeep Shah appointed as Hon. Consul for Maharashtra
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise.  [...] Continue Reading »

Single window clearance remains a pipe dream

Single window clearance remains a pipe dream
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 »

Supreme Infrastructure grabs order of Rs 618 crore

Supreme Infrastructure grabs order of Rs 618 crore
Supreme Infrastructure has got 3 orders of total worth Rs 617.7 crore for different developments activities. The highest amount is from the National Highway Authority of India (NHAI), Rs337 crore for the two laning of Chhapra-Rewaghar-Muzaffarpur section of NH-102 in Bihar. The company has also received the amount of Rs 237 crore from the Brihan [...] Continue Reading »

HC bans reclamation, development across all state wetlands

HC bans reclamation, development across all state wetlands
A total ban on recuperation and creation on wetlands in Maharashtra which called for timely action against violations was ordered on Wednesday by the Bombay high court. A wetland is any land bordering a water body, which gives a distinct eco-system. This could be coastal or inland and include mangroves, marshes and swamps. Justices V [...] Continue Reading »

Sobha Developers introduces Rs 1 crore apartment project in Pune

Sobha Developers introduces Rs 1 crore apartment project in Pune
The Southern real estate company has introduced its first 2-BHK (bedroom, hall, kitchen) project in Pune in which each apartment is less than 1 crore. Company also reveals that the Sobha Orion at Kondhwa, Pune will be ready for possession in 2017. Pune ranks in second position in the list of largest cities of Maharashtra [...] Continue Reading »

IL&FS grabs Rs 300 cr Kolkata Metro project

IL&FS grabs Rs 300 cr Kolkata Metro project
Infrastructure firm IL&FS Engineering and Construction informed that they were successful in getting a Rs 300- crore contract for elevated metro stations on Kolkata Metro Line in West Bengal by Rail Vikas Nigam Ltd (RVNL). The company says that they are awarded a contract by RVNL, Kolkata for a value of Rs 299.76 crore for [...] Continue Reading »

IRB starts work on Rs 4,139-cr road projects

IRB starts work on Rs 4,139-cr road projects
Two road projects in Karnataka and Maharashtra, which entail a cost of Rs 4,139 crore, have been started by IRB Infrastructure. IRB Infrastructure said in a filing to the BSE, that Rs 2,639-crore scheme for four-laning of a highway in Karnataka and the Rs 1,500-crore road widening project in Maharashtra are being implemented by company’s [...] Continue Reading »

Ministers wary of 24Kcr projects to take off

Ministers wary of 24Kcr projects to take off
Last week, in the presence of chief minister Prithviraj Chauhan and minister of state for industries Sachin Ahir, the state industries department had signed 32 Memoranda of Understanding (MoUs) for Greenfield projects with various firms involving total investment of Rs 23,850 crore, but ministers are raising doubts over whether or not the projects will take [...] Continue Reading »



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