SEZ
Gujarat – Gujarat International Finance Tec-City (GIFT City), an initiative from Gujarat government, is proceeding in full swing as per schedule. It will house India’s first International Financial Services Centre (IFSC). GIFT City is being developed on Public Private Partnership (PPP) model. It is a joint venture between state-owned Gujarat Urban Development Company Ltd (GUDC) [...] Continue Reading »
Real estate in Navi Mumbai is getting affected as there has been internal fight among real estate developers, agents, owners, etc. Further, with the rising insecurities among developers, the sales are also going downtrend. One of the renowned developers is worried with the way real estate sector in Navi Mumbai is developing. The developers are [...] Continue Reading »
The newly appointed head of Tata group, Cyrus Mistry, also a real estate and construction baron plans to launch a real estate fund in Singapore. This has been planned as the group wants to unlock a closely held subsidiary’s investment in projects such as IT parks, malls and roads already built or under construction assets [...] Continue Reading »
A new residential township has been decided by industrialist Mukesh Ambani and his close aide Anand Jain to be launched in Navi Mumbai in the next four months. The township in Navi Mumbai has been planned after the state government’s recent approval of industrial policy which allows corporate firms, who had acquired land under the [...] Continue Reading »
With the new industrial policy in place, there is no much hope for increasing housing stocks in Pune. Even officials of Maharshtra Industrial Development Corporation (MIDC) have admitted that majority of the SEZs will not have enough land left with to implement the schemes. Even, the realtors have pointed out lack of basic civic infrastructure [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
The new industrial policy that has been sketched out by the Maharashtra Government has been highly criticized by the Opposition. They allege that the policy favours realty developers at the cost of farmers and villagers. However, Maharashtra Chief Minister, Prithviraj Chavan has defended the policy and termed it as “path breaking” which introduced Integrated Industrial [...] Continue Reading »
Nashik- With the consent of 150 farmers for land acquisition, the construction of 32 km rail track from MahaGenco’s existing thermal power plant at Eklahare to Sinnar will soon start for transportation of coal. The power plant will be jointly set up by Indiabulls Realtech Ltd (IRL), a subsidiary of Indiabulls Power Ltd, and Maharashtra Industrial [...] Continue Reading »
Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises who invested Rs 440 crores has exited from the three realty projects including a residential project in Pune, a premium luxury project in Mumbai and phased stake sale of an SEZ within a township project located at Hinjewadi, Pune, being developed by Paranjape [...] Continue Reading »
