May 11, 2023: Prime Minister Narendra Modi laid the foundation stone and inaugurated development projects worth over Rs 5,500 crore in Nathdwara, Rajasthan, on May 10, 2023. Three national highway projects, including the 114-km … READ FULL STORY
India’s richest municipal body, the Brihanmumbai Municipal Corporation (BMC) presented the Budget for FY 23-24 on February 4, 2023. Crossing the Rs 50,000-crore mark for the first time, the BMC budget estimate for FY … READ FULL STORY
According to a report by credit rating agency ICRA, cement volumes are likely to grow by 7-8% in FY 2023 to around 388 million MT, supported by demand from housing, both rural and urban, … READ FULL STORY
Betterment of infrastructure facilities has been a key agenda of the central government, India’s ambition of sustaining its relatively high growth, depends largely on this one factor. With that objective, the government launched the … READ FULL STORY
In the backdrop of India’s 75th year of independence, a prevailing Omicron wave and upcoming elections across five Indian states, the Union Budget 2022-23 was presented by finance minister Nirmala Sitharaman on February 1, … READ FULL STORY
Among the government’s continuous attempts to improve infrastructural issues, the Setu Bharatam Project has been perfect by streamlining the structural loopholes and upgrading highways. The main focus of the Setu Bharatam Project, the Rs … READ FULL STORY
Transportation and connectivity are two key factors home buyers consider while selecting a property. Consequently, areas well-connected to office hubs and market places, witness good demand. Dronagiri, in Navi Mumbai, is one such area … READ FULL STORY
In Haryana, real estate developers owe nearly Rs 21,679 crore as the extra development charges (EDC) and infrastructure development charges (IDC). This amount includes the 15 per cent annual penalty these builders have accrued … READ FULL STORY
Uttar Pradesh chief minister Yogi Adityanath, on March 2, 2020, inaugurated and laid the foundation stones for 23 projects worth Rs 2,821 crores in Gautam Buddh Nagar. The projects inaugurated included a multi-level car … READ FULL STORY
The CBDT, on November 11, 2019, said that raids by the Income Tax Department have unearthed large tax evasion, involving ‘leading corporate houses’ in the infrastructure sector. The raids were conducted in the first … READ FULL STORY
Panvel, in Navi Mumbai, has emerged as one of the fastest-growing areas, in terms of infrastructure development and connectivity. Its real estate market has also witnessed considerable activity across segments, including affordable, mid-segment and … READ FULL STORY
The Manila-headquartered multi-lateral funding agency, Asian Development Bank (ADB) and the government of India, on October 1, 2018, signed a USD 150-million loan, to finance continued improvements to road connectivity and efficiency of the … READ FULL STORY
The board of directors of the Asian Development Bank (ADB), has approved financing of up to USD 500 million for a multi-tranche financing facility (MFF) that will develop climate-resilient water supply, sewerage and drainage … READ FULL STORY
