West Bengal
In the first two months of this year across various business segments, L&T Construction has received an order worth Rs 5,220 crore. S N Subrahmanyan, Senior Executive Vice President (Infrastructure and Construction), L&T said in his speech, “It has been a productive beginning to the New Year and these orders reaffirm our leadership position in [...] Continue Reading »
Governor M K Narayanan mentioned that West Bangal has received industrial investment proposals worth 1.2 lakh crore. He was inaugurating the State Assembly’s budget session on Monday. Total investment ‘implemented and proposed’ in all the sectors in the state was over Rs. 1.4 Lakh crores, he says. He estimates that 3.5 lakh jobs can be [...] Continue Reading »
New Delhi: As the Land Acquisition bill is waiting for the finalisation, there has been a sudden upswing in the number of land deals across few states, said the rural development minister, Mr. Jairam Ramesh. The minister said that a significant rise has been observed in land deals in Maharashtra, West Bengal, Andhra Pradesh and [...] Continue Reading »
Kolkata- Although a project with Rs. 4,874 crore and a 100-crore allocation might seem smaller, But, West Bengal is still contented with it East-West front. Making its entry into the pink book, the Metro corridor links with the eastern fringes of the city with Howrah. This ultimately means, the Indian Railways has officially accepted it [...] Continue Reading »
The West Bengal government is planning to come up with a new policy for land acquisition that would be specifically meant for land owned by private individuals or groups. Since the auction route for land allocation is not favouring builders who are facing acute shortage of land for new development, the government has planned to [...] Continue Reading »
Kolkata- The first meeting of task force on urban infrastructure will be held on 10th of December 2012 at state assembly to resolve the problems of developers . The representatives of the construction-builder community will also be part of this meeting. This force set up by Mamata Banerjee comprises of chief secretary and ministers and secretaries [...] Continue Reading »
Capital market regulator Securities and Exchange Board of India (Sebi) has cracked down on collective investment schemes operating in West Bengal. Few real estate firms are among those being zeroed in on by the regulator. Investments worth thousands of crores have been raised by certain companies in the state in violation of Sebi’s Collective Investment [...] Continue Reading »
Rajarhat New Town seems to be top priority for investors in Kolkata. In the highest ever land auction in the area till date, a 2.5-acre plot for a retail-cum-office complex has fetched Rs 51.13 crore for the Housing Infrastructure and Development Corporation (Hidco). The plot at Action Area-II of New Town is located near the [...] Continue Reading »
West Bengal commerce & industries minister Partha Chatterjee has announced that work on the steel project at Salboni in West Bengal proposed by Mr Sajjan Jindal-controlled JSW Steel Ltd will restart from August. The state government is planning to sign a lease agreement with JSW. The government will ask the company to submit a fresh [...] Continue Reading »
The West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976. The proposed amendment will impose the reservation of 30 per cent apartments in big housing projects for the low-income group (LIG). Though the industrialists have been asking to withdraw the law, the ministry [...] Continue Reading »
