Finance Ministry working on safeguards against abuse of ECB in realty
The Finance Ministry is building safeguards to ensure realty companies do not misuse the external commercial borrowing (ECB) window announced in the Budget by diverting the money.
Search Results: Urban Development Ministry (112)
RICS India conference on Urban Infra
RICS India is organizing a conference on ‘Planning and Delivering Urban Infrastructure in Indian Cities’.
Lack of teeth in Rural Development Ministry gives tainted companies lifeline
The Ministry of Rural Development has decided to get the names of the companies IL&FS Ltd, Infrastructure Kerala Ltd, Marg Ltd, Megha Engineering Infrastructure Ltd and Seri Infrastructure Finance Ltd cleared from the Ministry of Corporate Affairs.
IL&FS & Rural Development Ministry’s largesse to DB Realty
At a time when investigations into the “mother of all scams” the 2G spectrum allocation scam allegedly by former telecom minister A Raja and owners of some telecom firms are in full swing and the Apex Court is monitoring the investigations, it has come to light that the Rural Development Ministry has been awarding projects to a major infrastructure and finance company, IL&FS which had invested in the scam tainted DB Realty.
Centre is in the process of finalising 100 smart cities’ contours: Secretary, MoUD
Track2Realty-Agencies: The Centre is in the advance stage of finalising the contours of its ambitious 100 smart cities’ project and has sought comments and suggestions from the private sector including the academia and the industry, a top Urban Development Ministry official said at an ASSOCHAM event held in New Delhi on Nov 12, Wednesday.
Delhi Government bats for high rises to fund infra
Track2Realty-Agencies: Supporting Union Urban Development Minister Kamal Nath’s push for vertical growth in the city, the Delhi government has said the Centre will have to give adequate funds to it for enhancing existing infrastructure if such a policy is finalised.
Track2Realty Roundtable—Looking In and Looking Ahead-I
I welcome all the panelists in the final roundtable for Track2Realty Focus 2013. As we come to the end of 2012, it is time to look in & look ahead as far as the prospects of the realty sector are concerned. In this discussion, we would try to wrap up the year 2012, and see where the sector has been heading to in 2013. So, when you look at the year Mr Sharma, don’t you think “oh! what a waste.” So much was expected this year but nothing has moved forward, be it in terms of administrative reforms, fiscal reforms or land reforms; nothing has gone right for the sector.
Will high rises actually curb realty prices?
Land is scarce and the only way in urbanisation is to go up where more FSI/FAR would mean increasing the supply and bringing the price down, goes an old philosophy of the Indian developers. In reality, nearly all the high rises across the Indian cities are high-end luxury projects and seem to fulfil the aspirational needs of the Richie Rich.
India real estate needs title insurance
Any residential property, even with all legal safeguards are apparently in place, is ultimately built on land. One cannot automatically assume that this land did not have previous owners.
Kamal Nath bats for no house without parking
With Indian cities gasping for parking space to keep pace with the soaring car population, Urban Development minister Kamal Nath wants to ensure that all new urban construction activity is accompanied with adequate parking facilities for vehicles.