New Delhi
The NaMo government is planning to give the gift of infrastructure on the independence day of India this year. Stalled highways projects worth Rs 1, 80,000 crore will be rolled out in a month’s span after sorting out hurdles like delays in land acquisition and green nods. Road transport and highways minister Nitin Gadkari mentioned [...] Continue Reading »
In a last-week order to the Delhi Development Authority (DDA), Urban Development Minister Venkaiah Naidu said that the Authority should allot land to each of the municipal bodies in places where there is potential for installation of facilities for conversion of debris into building material. In the instructions released to DDA on Friday, Naidu said that [...] Continue Reading »
There is some good news for the flat owners in Delhi’s apartment blocks. Delhi Apartment Ownership (DAO) 1987 Act had simplified the process for the flat owners by letting the builder or promoter of the flat to execute a lease deed, which worked like a sale deed, and spared the owner from paperwork to correctly [...] Continue Reading »
NHAI is a lot more optimistic about FY15 after a dismal FY14, in which approximately 1,400 km of expressways were awarded for construction, and hopes to get back to levels seen in FY12, reports sources in New Delhi. However, NHAI’s commentary is pessimistic and it says projects in the EPC mode are dependent upon it [...] Continue Reading »
The Union Cabinet has deferred its decision on transfer of land for the construction of a world-class exhibition centre and air cargo complex near IGI airport here, thereby delaying the project. The issue was discussed on April 25 at the Cabinet meeting. “On the matter the Cabinet has deferred a decision in its meeting. The [...] Continue Reading »
The GMR-Megawide Consortium paid Philippine pesos 14.4 billion (approximately $320 million) as upfront premium for award of the concession of the Mactan Cebu International Airport to the Mactan Cebu International Airport Authority, the Philippines. With this, demonstrating its commitment towards the project the GMR-Megawide consortium has fulfilled its first major obligation well within the stipulated [...] Continue Reading »
The bid for privatisation of six airports has been postponed to June due to the ongoing general elections, said officials of the Airports Authority of India (AAI), the nodal agency overseeing the bidding process. The due date for the Requests for Qualification (RFQ) for the Chennai, Kolkata, Lucknow and Guwahati airports has been pushed a [...] Continue Reading »
Secretary, Civil Aviation, Ashok Lavasa, said on Thursday that on the recommendations of the Election Commission, the modernisation of Chennai, Kolkata and four other airports has been put on hold. The Commission has asked us to put it (airport modernisation) on hold till the process of elections is over. The date for submission of bids [...] Continue Reading »
Today a loan agreement has been signed with the Government of India by the Japan International Cooperation Agency (JICA) to provide 1,40,000 million Japanese Yen of Japanese Official Development Assistance (ODA) for constructing the phase 3 of Delhi Metro under the Delhi Mass Rapid Transport System Project Phase 3 (II). This loan is successive to [...] Continue Reading »
Location is everything, and when a new city is to be founded, getting in early on the action is a smart thing to do is a known fact to anyone who has ever dabbled in real estate. Therefore members of the committee of urban planners and urban policy experts were stunned to find their mailbox [...] Continue Reading »
