Realty Bill seeks its forfeiture in case of project delay.
The onus to provide proof that the new project would not jeopardise the interests of the existing joint venture lies equally with the foreign investor and the Indian partner.
To give a new thrust to the National Highway Development Programme, the government has decided to pump in Rs 20,000 crore (Rs 200 billion) for six-laning of 3,000 km highways under phase-V of the programme in 2007-08.
Dashing the hopes of Jasdev Singh Akoi, one of the two heirs of the iconic Imperial Hotel, the Delhi high court has prevented him from taking over the management of the landmark hotel along with his sister Alape Kaur.
After a year of taking over the airport, the GMR-led Delhi International Airport consortium has initiated the process of commercial property development by inviting bids for building hotels on nearly 40 acres.
The central government has set itself a tight deadline of July this year for completing a series of reforms in the civil aviation sector.
With the opening up of the US and Japanese markets, the Indian mango industry expects Australia and New Zealand, the only two countries which still ban the fruit, to lift import restrictions soon.
The ministry of company affairs, now known as the ministry of corporate affairs, plans to set up an Indian Institute of Corporate Affairs. Apart from training officials, the institute will also work as a think-tank for the ministry.
Realty major DLF and Bharat Hotels, owners of The Grand group of hotels, are working towards a joint venture for developing and running hotels. While DLF will own the land and be in charge of the actual construction of hotels, the latter will operate
60 per cent of home buyers are shying away from pre-launches.
Bonanza for customers in days of liberalisation.
Was the real estate euphoria just a bubble waiting to burst? The current financial year will reveal the answer.
With big developers eyeing land buyouts and projects of smaller builders, the real estate sector in the country will witness consolidation in six to eight months. A key driver would be attractive valuations of such properties.
The Mukesh Ambani-controlled Reliance Industries is entering the supply-deficient hospitality business and is in talks with big international names such as Walt Disney, Ritz Carlton and Four Seasons
In a double whammy for real estate developers, banks are likely to raise lending rates to builders by up to one percentage point while consumer interest fades with home loans becoming more expensive.
To help students pursuing higher education, the government plans o set up a higher education finance corporation.
Leading bankers expect the number of transactions to fall 30 to 35 per cent as buyers wait for a price correction in real estate.
Despite specific sectors like power, ports, roads and employment falling short of their targets, the Tenth Five-Year Plan 2002-'07 Five-Year Plan has recorded impressive gains in telecom, railways, airport and poverty alleviation.
The developers have already started feeling the pinch.
The 10th Five-Year Plan, which ended on March 31, has come close to achieving the growth targets set at the outset of the Plan by the Planning Commission.
