PPP projects
Change to Land act which has been instrumental in stalling of various real estate projects is likely to come up in the winter session of parliament. The government had promised amendments in the land acquisition act to make it balanced for both land sellers and developers. The new change to land act is likely to [...] Continue Reading »
There is some true good news for the real estate industry and infrastructure industry as the government today proposed tax incentives for two new investment instruments -REITs and InvITs- . This is expected to attract long term funds from foreign and domestic investors, including the NRIs. The new investment products, Real Estate Investment Trusts (REITs) [...] Continue Reading »
Presenting the Budget 2014-15 on Thursday, Union Finance Minister Arun Jaitley announced a number of steps which will fast-track infrastructure projects being developed via public-private partnership (PPP) process. Giving infrastructure in PPP a notable push in the Budget, Jaitley drew attention to the fact that PPP has effectively delivered iconic infrastructure – including highways, ports [...] Continue Reading »
The Road Transport and Highways Ministry apparently wants that concrete cement should be used in place of bitumen, in fully Government-funded projects and public-private partnership (PPP) road projects. Towards that end, the Ministry is reportedly mulling the option of making the use of concrete cement obligatory as part of the bid for such projects. The [...] Continue Reading »
The Narendra Modi government is all set to change the face of the nation by improving the infrastructure, roadways and transportation. They first want to clear the backlog of stalled projects within the next 2 years and then start building new roads at a rate of 30 kilometres per day. Right now the average construction [...] Continue Reading »
The government is considering about some major moves to give an upward thrust to the infrastructure projects in the country. It is considering about allowing infrastructure players to renegotiate already bid public-private partnership (PPP) projects. Discussions have begun on creating a ‘resolution panel’ and this will include all the global best practices to provide a cushioning [...] Continue Reading »
Investments and waning investor interest, both award and construction of centrally-assisted roads including national highways has faced a big dropdown and due to this their targets have been lagged by a massive margin in 2013-2014. As per the ministry of road transport and highways (MoRTH) information, at January-end this economical, building of these roads stood [...] Continue Reading »
New Delhi- The Infrastructure Development Financial Company (IDFC) is geared up to hold a whooping share of about 74 percent in the project of Delhi-Gurgaon Expressway, by relieving the project concessionaire. Despite the IDFC holding a greater share, there has not yet been any clarity about the IDFC’s move fetching benefit to the commuters. However IDFC refuses [...] Continue Reading »
