Projects
In a move that will hasten decision-making, the Centre on Wednesday empowered Central Ministries and Departments to clear projects up to Rs 1,000 crore by themselves. Earlier, the limit was Rs 300 crore. The Government has raised the limit by amending the Transaction of Business Rules for the Cabinet Committee on Economic Affairs. The move [...] Continue Reading »
Former deputy CM Sushil Kumar Modi on Monday asked road construction department (RCD) minister Rajiv Ranjan Singh to give details of irregularities committed in starting the construction of roads worth Rs 200 crore in the state without going through due process. RCD was earlier under former CM Nitish Kumar, he said. Modi said the construction [...] Continue Reading »
If Indian companies have not used the loans they raised for expansion projects, then where has it all gone is a matter to understand. While a prolonged economic slowdown has brought new investments to a standstill, it has increased the working capital requirement of some companies quite substantially. In sectors where a large amount of [...] Continue Reading »
It is expected that the new government’s thrust on infrastructure, including the commissioning of new airports and metro rails, will lead to higher demand for elevators, escalators and travelators (moving walks). This has increased activities in the elevator companies and a dozen odd leading elevator companies in India are competing to grab the orders and [...] Continue Reading »
The Credai-Karnataka opened its 9th chapter in Karwar, where currently around 50 projects are under way and with over 20 developers. Nagaraj Reddy, President, Credai-Karnataka says that opening of the chapter is affirmation by the real estate industry of their desire to set high standards. He adds that the materials for a building bear a [...] 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 »
Delhi- The three development authorities of Gautham Budh Nagar were targeted on 4th December by frustrated home buyers as there were allegations that despite various home buyers being cheated, action was taken against only selected developers. A demand by the buyers stated that the developers should upload all their project’s NOC and other related important [...] Continue Reading »
Smondo, an integrated residential project in the IT hub of Gachibowli in Hyderabad has been launched by Patel Realty. The project spreads across four acres and divided into II phases with 180 apartments respectively. The size of the apartments ranges from 990 sq ft to 1,435 sq ft and are presented as new age homes [...] Continue Reading »
In order to generate more revenue to fund infrastructure projects in Mumbai and other areas, Mumbai Metropolitan Region Development Authority (MMRDA) has sold land parcels in the Bandra-Kurla Complex (BKC) and Wadala. Over Rs 70,000 crore expected towards infrastructure projects in the next decade, the projects is in urgent need for alternate sources of revenue [...] Continue Reading »
A new realty project will be launched in Mumbai in the partnership of four property developers, Hubtown, Marathon Realty, Terraform Realty and Rajesh Lifespaces. A consortium has been formed called Rare Townships to develop a township titled ‘Rising City’ off eastern Express Highway in Ghatkopar area of Mumbai . The project will have two, two [...] Continue Reading »
