special purpose vehicle (SPV)
In an apparent attempt to encourage the participation of the private sector in construction of roads, a proposal has been revived by the government to facilitate the developers in selling off their stakes in road projects. According to the information shared by two unidentified officials of the Roads Ministry, the proposal revived by the government [...] Continue Reading »
Nagpur- The city of Nagpur is all set with the development plan of metro along with its completion. Equal importance has been given to the metro region by the Nagpur Improvement Trust (NIT) along with other areas within municipal limits. This is clearly proved through the Budget 2013-2014. However, most metro projects in Nagpur city are witnessing [...] Continue Reading »
Indian arm of AIG‘s global real-estate business has served a legal notice on Bangalore-based developer RMZ Corp. The notice came due to failure to let AIG exit its investment in a stalled joint venture in Hyderabad. AIG Global Real Estate India Advisors had invested Rs 350-crore in the mall project, which got delayed due to [...] Continue Reading »
