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Infra, connectivity backbone of commercial realty
Source: The Times of India Dec 17, 2015
For any real estate region to perform and grow, infrastructure and connectivity serves as the backbone. Every resident and user thrives for a habitat which is able to meet their daily needs and, infrastructure and connectivity plays this role of fulfilling the need. For any resident, a decently-developed infrastructure in the neighbourhood allows them to live a peaceful life and those who are not the residents of a region are dependent upon good connectivity to commute hassle-free and meet their respective needs, which can be official commutation, recreational travel and others. Thus, the real estate sector can only succeed once there exists sound infrastructure and connectivity for its users. ... more
Will Industry tag boost up real estate sector?
Source: The Times of India Dec 17, 2015
Recently CREDAI launched a protest demanding industry status to the real estate sector, which is the second biggest employer in the country after agriculture. It also supports more than 126 ancillary industries. ... more
India-Myanmar road pact in March to boost economy: Nitin Gadkari
Source: The Economic Times Dec 03, 2015
India will sign a road agreement with Myanmar and Thailand in March next in an attempt to link the North-East to the two East-Asian countries, Union Road Transport and Highways Minister Nitin Gadkari said today. ... more
CESC signs pact with US firm for smart grid business
Source: The Economic Times Dec 03, 2015
CESC Ltd today entered into a pact with US-based Silver Spring for exploring business opportunities in India in the smart grid space. ... more
Solar panels to give green cover to govt buildings in Kolkata
Source: The Times Of India Apr 24, 2015
The state government has decided to install rooftop solar panels in as many government buildings as possible across the state so that at least one fourth of the total power demand of these buildings can be met through the alternative route. ... more
Smart City project will be implemented on public-private partnership mode after cabinet approval
Source: The Economic Times Apr 02, 2015
Smart City project is in advanced stage and will be implemented on public-private partnership (PPP) mode after cabinet approval. Urban Development Minister Venkaiah Naidu said this during discussions with a Swedish delegation, led by Anna Johansson, Sweden's Minister for Infrastructure. ... more
Can Kolkata’s connectivity be a pitch to boost realty?
Source: The Times Of India Mar 23, 2015
Other than budget and location, connectivity is always on a potential buyer’s checklist. Wouldn’t you wish if the significant amount of time and money spent while commuting to and back from work could be somehow put in your piggy bank? One of India’s happy wallet job MARKET happens to be in Kolkata where the regular office goer has a wide range of alternatives to choose from. Somehow, job creation is not at its peak and people think thrice before investing in Kolkata. However, here is what makes Kolkata favourable. ... more
New Garia metro to work for local real estate
Source: The Times of India Nov 01, 2014
The 32 km metro extension from New Garia (Kavi Subhash Station) to Subhash Chandra Bose International Airport (Biman Bandar Station) is finally nearing completion. After much delay, the construction has picked up pace. This is expected to not only enhance connectivity but also push up property prices in the area. ... more
Tokyo to give $35 billion for infrastructure projects
Source: The Financial Express Sep 01, 2014
India will get $35 billion from Japan over the next five years for developmental projects, including building of smart cities and next-generation infrastructure, as Premier Shinzo Abe on Monday pledged to partner Prime Minister Narendra Modi’s “ambitious” vision of inclusive development, reports PTI. ... more
SEBI nod for real estate, infrastructure trusts
Source: The Hindu Business Line Aug 31, 2014
The Securities and Exchange Board of India has decided give its nod to set up Real Estate Investment Trusts and Infrastructure Investment trust to give a new lease of life to the construction industry. ... more
Huge opportunities exist for India infra to go the greener way: Amory Lovins
Source: The Hindu Business Line Jul 13, 2014
A top US-based environment scientist outlined the importance of developing the new infrastructure in the country using green techniques. Speaking at an interactive meeting hosted by the CII Green Building Council, Amory B. Lovins, Chief Scientist and Chairman Emeritus, Rocky Mountain Institute, Colorado underlined that since most of the infrastructure in India is yet to be built, there is substantial opportunity for India to go the greener way. ... more
Housing for all by 2022 Narendra Modi govt's motto, CSR push by private sector desirable: Venkaiah Naidu
Source: The Financial Express May 30, 2014
Highlighting the priorities of his ministry, Union Minister for Urban Development, Housing and Poverty Alleviation Venkaiah Naidu today said private sector as part of their social responsibility should go for housing for their staff. ... more
Investors want better infrastructure in Rajarhat, Kolkata
Source: The Times of India Apr 09, 2014
A lot of issues need to be looked on to make Rajarhat New Town an attractive commercial and business destination. An interactive meet was organised on April 5 with real estate investors who have taken plots in the township in the last two years through an expression of interest process. The investors presented their action plan as to how they will utilise the allotted plots and also gave some useful suggestions as to how the infrastructure could be further spruced up. “The investors gave presentations of their project action plans and also flagged a few issues which would be looked upon, ” said an official of the Housing Infrastructure Development Corporation (Hidco). Economist and chairman of the West Bengal Infrastructure Development Finance Corporation (WBIDFC) Dr Abhirup Sarkar presided over the meeting. ... more
Investors want better infrastructure in Rajarhat, Kolkata
Source: The Times of India Apr 09, 2014
A lot of issues need to be looked on to make Rajarhat New Town an attractive commercial and business destination. An interactive meet was organised on April 5 with real estate investors who have taken plots in the township in the last two years through an expression of interest process. The investors presented their action plan as to how they will utilise the allotted plots and also gave some useful suggestions as to how the infrastructure could be further spruced up. “The investors gave presentations of their project action plans and also flagged a few issues which would be looked upon, ” said an official of the Housing Infrastructure Development Corporation (Hidco). Economist and chairman of the West Bengal Infrastructure Development Finance Corporation (WBIDFC) Dr Abhirup Sarkar presided over the meeting. ... more
IL&FS Engineering Services to build elevated metros stations in Kolkata
Source: The Economic Times Mar 12, 2014
IL&FS Engineering and Construction Company has received the mandate for building seven elevated metro stations in Kolkata's proposed New Garia to Airport metro corridor. The project is valued Rs 300 crore and is expected to be completed in three years from the date of issue of letter of acceptance. ... more
Infra thrust: 8 States to set up project monitoring groups
Source: The Hindu Business Line Jan 28, 2014
As many as eight States are in the process of setting up project monitoring groups to facilitate clearance of smaller infrastructure projects on the lines of the one set up by the Prime Minister at the Centre. ... more
Land parcels open up in Calcutta
Source: The Telegraph Nov 01, 2013
The Bengal government today took a baby step towards restructuring the ailing transport sector by inviting bids for 373 cottahs lying unused at six depots of one of the transport corporations. The decision, apparently aimed at unlocking assets of corporations that chug on subsidies, marks several firsts of sorts for the 29-month-old regime but an IIT professor said the initiative should be complemented with freedom for the operators to set realistic fares. ... more
More public-private partnerships to build infrastructure urged
Source: The Economic Times Oct 24, 2013
Union Minister of State for Urban Development Deepa Dasmunshi called for more public-private partnerships in the urban infrastructure space today, claiming that such a model is necessary to create infrastructure. ... more
ADB loans to improve water and sanitation in Kolkata
Source: The Times of India Sep 27, 2013
The Asian Development Bank (ADB) will provide $400 million in loans to help the Indian city of Kolkata expand and improve water and sanitation systems in peripheral areas of the fast-growing metropolis which are missing out on quality services. ... more
Yamuna Expressway undergoes major development
Source: Times Property, Delhi/NCR May 15, 2013
Yamuna Expressway is the 6-lane, 165 km long stretch that connects Greater Noida to Agra. The need for the new Expressway was multi-fold. Apart from reducing travel time between the two cities and allowing development of the bordering areas, the Yamuna Expressway connects the commercial hubs of East Yamuna with the rest of Noida. ... more
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