Update on September 10, 2019: India will have an online database of all cities by 2024 on infrastructure, education and health facilities among others as it aims to create a “culture of data” to … READ FULL STORY
The Central Public Works Department (CPWD) has prepared a five-year vision document, which seeks to take up a number of initiatives, including creation of Special Purpose Vehicles (SPVs) to execute redevelopment works through alternate … READ FULL STORY
After a long wait, real estate investment trusts (REITs) are likely to become a reality soon. REITs are expected to provide opportunities for retail investors, to participate in the real estate sector and at … READ FULL STORY
The Telangana government has set up a special purpose vehicle (SPV), which will be jointly promoted by the Hyderabad Metro Rail Limited (HMRL) and the Hyderabad Metropolitan Development Authority (HMDA), to extend the Hyderabad … READ FULL STORY
The cabinet, on November 10, 2017, approved Rs 25,703 crores, for development of an exhibition-cum-convention centre (ECC) at Dwarka, to put the national capital in the league of Shanghai, Hong Kong and Singapore in … READ FULL STORY
The Maharashtra cabinet, chaired by chief minister Devendra Fadnavis, on October 24, 2017, approved the proposal to establish Nagpur-Mumbai Super Communication Expressway Limited, a special purpose vehicle (SPV), which will work as a secondary … READ FULL STORY
Engineering company IRB Infrastructure, on April 25, 2017, became the first firm to announce a public offer in the infrastructure investment trusts (InvITs) space, with a Rs 5,000-crore plus public issue of its fund … READ FULL STORY
The Income Tax (I-T) department, as part of a special investigation and audit into the account books of the Sahara Group’s Aamby Valley Limited (AVL), has slapped a Rs 24,646-crore tax demand and penalty … READ FULL STORY
According to a report on real estate investment trusts (REITs) released by Knight Frank, the domestic environment is ripe for listing of REITs, an investment vehicle that invests in rent-yielding completed real estate projects. … READ FULL STORY
Envisaging an investment of Rs 1 lakh crore in the next five years in the infrastructure sector, the Maharashtra government, on March 18, 2017, proposed to set up a special purpose vehicle (SPV) to … READ FULL STORY
A special purpose vehicle (SPV) will be set up soon by the government, to facilitate Thane’s transition into a smart city, stated Thane’s municipal commissioner, Sanjeev Jaiswal. Thane was in the list of cities … READ FULL STORY
The Delhi Development Authority (DDA) has decided to create a special purpose vehicle (SPV), for operation and maintenance of its green projects including those related to parks, nature reserves and eco-friendly corridors, so as … READ FULL STORY
