State Bank of India and real estate developers’ body CREDAI have signed a memorandum of understanding (MoU) to leverage their individual strengths and collaborate in areas to promote housing for all. The MoU, aimed at developing the realty sector, will be in force for a period of three years. “The MoU is meant to mobilise
The Highway Ministry has approved 13 projects worth Rs 10,300 crore for building 672km national highways; the projects will be awarded by March-end this year. The approvals include part of Kishangarh-Udaipur-Ahmedabad highway development project. Of the total projects, three are on build-operate-transfer (toll) basis, three on hybrid annuity model, and the remaining on engineering procurement
Government Cuts Forms and Formalities to Boost Realty India’s slowdown-hit real estate sector is hoping for a fresh boom. The government has decided to shorten a long list of conditions that developers have to meet before laying the first brick of their project. The aim is to replicate Hong Kong’s success of issuing construction permits
India will be the world’s fastest growing large economy at 7.3% in 2016, improving further to 7.5% in the following year, a United Nations world economy report has said. According to the report, India’s economy, which accounts for over 70% of South Asia’s GDP, is projected to grow by 7.3% in 2016 and 7.5% in
Industrial output, which remained in the negative zone for the second month, in December shrank 1.3% while retail inflation in January edged up to a 16-month high, prompting the industry to call for urgent policy action in the forthcoming Budget. According to the data released by the Central Statistics Office (CSO), while factory output continued
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