A senior official from the urban development ministry said that allowing four floor space index within a 500 metre from the station will help the developer to bring down the viability gap funding because he will be able to make profits from the excess FSI. This will also allow the state government and the BMC to generate funds for infrastructure projects.
Videocon Group Chairman Venugopal Dhoot on Thursday clarified that the group would be paying Rs 950 crore (Rs 9.5 billion) to the Maharashtra government's town and industrial infrastructure subsidiary CIDCO for a 100-hectare plot in Navi Mumbai and not Rs 300 crore (Rs 3 billion) as claimed by some people.
Villagers and the people of the Varkari sect are on one side and state government and Dow Chemicals on the other. The bone of contention is the future of Dow Chemicals' $100-million R&D project, for which 100 acres of land was allotted in the village near the Sudha -- held sacred by the followers of a Bhakti cult called Varkaris.
Automobile giant General Motors will invest Rs 1,000 to Rs 1,200 crore (Rs 10-12 billion) to set up a power train (engine and gear box) manufacturing facility at its Talegaon Plant near Pune.
Vehicles going from Mumbai towards Goa and Konkan were diverted from Panvel via Khopoli and Pali as the stretch near Pen at Vashi naka was blocked by farmers protesting against the Maharashtra government's decision to approve the rehabilitation and resettlement package announced by Mumbai SEZ Pvt Ltd, a Reliance Industries company.
London-based Dar Consultants has said its bid and the one by preferred bidder Anil Dhirubhani Ambani Group's RELINFRA-Hyundai consortium are both 'responsive' or worth considering. Dar Consultants' recommendation puts the responsibility of re-considering the preferred bidder between the warring brothers squarely back with the political executive. The state cabinet's committee on infrastructure will meet Wednesday to decide the fate of the project.
The Maharashtra government will take a final decision on the Anil Dhirubhai Ambani Group (ADAG)-led consortium's bid for the Rs 6,000 crore (Rs 60 billion), six-lane sea link between Sewri and Nhava Sheva, better known as the Mumbai Trans Harbour Link (MTHL), within two weeks, said Public Works Minister Anil Deshmukh.
In what may be a sign of the changing political environment ahead of general elections, the Centre has turned down the Maharashtra government's proposal to provide labour law flexibility in special economic zones.
More than 35 prominent Pune-based business process outsourcing units might face a severe staff-crunch on May 19, when around 6,000 call centre cab owners and drivers will go on strike. The drivers and owners are demanding immediate clearance of dues more than Rs 1 crore (Rs 10 million) by various transport vendors appointed by city BPOs. More than 80 per cent of Pune's BPO staffers used company-appointed cabs for transport to and from their workplaces.
The commercial capital of India, which enjoys 24x7 power unlike any other cities of the country, is likely to suffer power cuts this summer owing to a dispute between the power distribution utilities Brihanmumbai Electric Supply and Transport and Reliance Energy Ltd over who should foot the bill for 300 Mw of power which is required to be bought to keep Mumbai free from power cuts.
Ambitious plans by NGOs and companies to take technology to farmers are not always successfully executed.
Taking the first concrete step towards curtailing the rising incidents of crime against business process outsourcing (BPO) staffers, a group of 32 Pune-based BPOs and National Association of Software and Service Companies (NASSCOM) have framed a 'code of conduct' to ensure their physical security.
Ultimately, it boils down to whether a loan waiver will help without taking action to improve irrigation facilities and to ensure remunerative prices for farmers.
The Dabhol power plant of the Ratnagiri Power and Gas Company is in trouble once again with problems in the recently commissioned second unit and delays in commissioning the third.
Villages in Maharashtra are gearing up for e-panchayats as rural people adopt new methodologies for rural development.
The MUTP II focuses on segregating the outstation and suburban railway traffic, which will eventually increase the frequency of trains on the suburban railway network. The MUTP II focuses on segregating the outstation and suburban railway traffic, which will eventually increase the frequency of trains on the suburban railway network.
The Maharashtra government is considering the option of allowing private players in the municipal transport sector in the Mumbai Metropolitan Region (MMR), spread over 4,000 sq km with a population of 16 million living in seven municipal corporations and 15 municipal councils.
Mukesh or Anil, who will have the upper hand in the battle for major share of Mumbai makeover pie will be known later on Wednesday.
Names like Symbiosis International University, Bharati Vidyapeeth and the newly-established Foundation for Liberal and Management Education already have their presence in this valley, which is building its brand as the country's largest education hub.
The Maharashtra government, which is finding difficult to get investors for irrigation projects in the state, has now decided to rope in the International Finance Corporation (IFC), World Bank's lending arm for the private sector.
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