With many highway projects finding it difficult to reach financial closure, the government is seeking a review of guidelines for lending to such projects.

‘According to a report, the construction of the 2.5 km long road from Kalinagar to Niz Fulbari (Sealtek) Tarinipur of package no AS-03-63 that has tender value of Rs 1 crore 3 lakhs 88 thousand has been completed up to 65 per cent’

SILCHAR: People of Katigorah constituency alleged irregularities and anomalies in the construction of roads under Pradhan Mantri Gram Sadak Yojana (PMGSY) with particular reference, among others, to Kalinagar to Niz Fulbari (Sealtek) Tarinipur and Siddipur to Mohanpur.

The second meeting of the National Ganga River Basin Authority’s inter-Ministerial group in Delhi on Tuesday could not make much headway on the contentious issue of the under-construction hydro-electric project on the Alaknanda at Srinagar in Uttarakhand.

The group, headed by Planning Commission Member B. K. Chaturvedi, heard the builders of the project and the campaigners for the protection of the Dhari Devi temple on the river, but there appeared to be no convergence.

New Delhi In a bid to spur real estate players to build homes for the low-income population, the proposal to allow them to access end-use linked external commercial borrowings (ECBs) for low-cost housing will soon be implemented. According to a senior government official, “the Reserve Bank of India (RBI) is going to notify the scheme in a few days”.

The scheme would impose stiff end-use norms to ensure that overseas funds are not used by developers for other purposes. ECBs are much cheaper than local debt due to near zero interest rates in many developed countries. But the actual interest rate would depend upon the lenders’ assessment of the borrowers, economic viability of projects, expected returns and the credit rating of the borrower.

Gurgaon scores down from previous year but still on top

Noida has replaced Mumbai as the second-best realty destination this year, according to an analyst report. Gurgaon-Manesar retained the top slot. The rankings by real estate data firm Qubrex are based on eight parameters—supply and demand, likely price appreciation in three years, emerging connectivity, potential growth in economic activity, nationally reputed builders, infrastructure, land acquisition risk, etc.

Shillong, Aug 9 (IANS): The biggest hurdle in implementing infrastructure projects in the northeastern States is the lack of competent contractors, an Asian Development Bank (ADB) official said on

Wave would develop 1,400 housing units with a starting price of over Rs 1 crore, 900 studio flats, 370 high street comples and more

Wave Infratech, the realty arm of Ponty Chadha's Wave Group, today said that Noida Authority has approved the master plan for its ambitious Rs 10,000 crore integrated township 'Wave City Centre' at Noida. While launching the first phase of 152-acre township in March, the company had said that it does not see any impact on the project with change of government in Uttar Pradesh.

The Brihanmumbai Municipal Corporation’s tree committee on Friday approved a proposal to cut 481 trees in Goregaon (East) to make way for the construction of a single residential project.

In 2011, the committee had permitted cutting 278 trees in the same plot being developed by Kingston Properties Pvt Limited, known as Oberoi Realty Pvt Limited since 2009. Of the 481 trees, only 194 can be replanted. The decision has, however, been severely criticised by corporators and environmentalists.

GUWAHATI: Assam has a total land area of 78,438 sq km. Of this, 30.16 lakh hectares are available for agriculture. But Assam’s agricultural land is decreasing gradually. The trend of converting agricultural land to non-agricultural land is responsible for this to a large extent.

It has been noticed that in the past couple of years, businessmen, mostly non-Assamese, have been seeking permission to convert agricultural land to non-agricultural land for setting up industries. In fact, some builders are also constructing apartments on agricultural land.

Hyderabad-based Gulf Oil Corporation Limited has entered into a joint development agreement with Hinduja Estates Private Limited, also a Hinduja group company, to develop 76 acre of the former’s land at Kukatpally in Hyderabad.

While Gulf Oil will provide the land, Hinduja Estates will invest around Rs 3,500 crore in the township project, which will house residential and commercial complexes, Subhas Pramanik, managing director of Gulf Oil, told Business Standard.