Ministry
The department of industrial policy and promotion (DIPP) secretary Amitabh Kant on Wednesday stressed on the need for amending the existing Land Acquisition Act stating that it has become difficult to acquire land for construction of roads, ports and creating other infrastructure under the act. He points out that a lot of projects have been [...] Continue Reading »
The developers – Aditya Birla Group owned Hindalco Industries Ltd, Saraf Agencies and state owned Odisha Industrial Infrastructure Development Corporation (Idco) – are yet to utilise full land within their notified SEZs. Around 115.70ha land is lying vacant in Hindalco’s aluminium products SEZ at Lapanga near Sambalpur. Saraf Agencies have 105.20 ha land lying vacant. [...] Continue Reading »
Emaar MGF, the real estate major, is found to have done violations on various matters including those related to corporate governance and related party transactions, as per the Corporate Affairs Ministry. Sources said, the violations were found by Registrar of Companies (RoC), Delhi, during an inspection of the books of Emaar MGF and added that [...] Continue Reading »
Union Ministry of Food Processing Industries (MoFPI) has asked the Odisha government, following the amendment of guidelines of Mega Food Park Scheme, to send proposals for developing new mega food parks in the state. 40 mega food park projects have been approved by MoFPI in as many as 23 states which are in various stages [...] Continue Reading »
Union Minister of Civil Aviation Ajit Singh announced in Hyderabad that airports in India are expected to attract investments worth $12.1 billion during the 12th Plan period, including $9.3 billion from the private sector. India is expected to reach third position with a fleet size of 1,000 by 2020 and holds 9th position in civil [...] Continue Reading »
The highways ministry is seeking Election Commission’s nod to award works for over 60 road projects involving over Rs 22,000 crore investments. In the past one month, finances for the first set of about 55 works have been sanctioned by the ministry. National Highways Authority of India (NHAI) has called financial bids for 22 projects, [...] Continue Reading »
A lot of projects have been delayed for last four months for want of statutory letter of permission (LoP) from the government. Some of them are Dr Reddy’s Andhra Pradesh unit for pharmaceuticals and APIs, Zydus Pharma’s unit in Ahmedabad special economic zone (SEZ) and Alstom Bharat Forge Power’s unit in APSEZ in Gujarat. Headed [...] Continue Reading »
A lease extension for the fourth time to run the Taj Mahal Hotel at Delhi’s tony Mansingh Road may be acquired by The Tata Group-owned Indian Hotels Company (IHCL), as the New Delhi Municipal Council (NDMC), the land-owning agency, cannot hold an auction once the model code of conduct for the general elections kicks in. [...] Continue Reading »
The 2012-2013 budget for the real estate might pave way for increase in house rentals. The tenants who are paying monthly rental of more than Rs 1 lakh will come under the service net. This budget plan is all well and good according to the real estate players as they believe that a person who [...] Continue Reading »
The highest value of realty transactions of Mumbai and Pune will be submitted to National Institute of Public Finance and Policy (NIPFP) at the earliest. The realty registration and stamp duty, ready reckoner rates and sale document details are also collected say the ministry. Through this detail and depth study, the unaccounted incomes of India [...] Continue Reading »
