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Construction & Infrastructure News

Is GST Bad News for Homebuyers and Renters

April 2017

Monthly instalments on home loans taken for under-construction houses will attract GST from July. So will land leasing and rented properties, includi...

Monthly Instalments, Home loans, GST, Union Territory GST, Compensation Bill, CGST, EMI, VAT, Under-construction projects, MHUPA, Housing for All by 2022, JLL India

Work on Bengaluru-Mysuru highway by DEC

August 2016

Work on the 60-m wide 10-lane Bengaluru-Mysuru expressway project is expected to begin by December. The government has completed acquiring 2,200 acre...

Bengaluru-Mysuru Expressway Project, Compensation remains, Expressway, DEC

Reliance Power exits Tilaiya project

December 2015

Reliance Power has exited from the 4,000 MW Tilaiya UMPP in Jharkhand. The company has reached an out-of-court settlement with distribution utilities...

Reliance Power, Tilaiya UMPP, Distribution Utilities, Termination, Power Purchase Agreement, Bidding, Compensation, Bank Guarantees

SC ruling upholds cancellation of land acquisition in case compensation is not accepted for 5 years

January 2014

Supreme Court ruling against Pune Municipal Corporation (PMC) upholds cancellation of land acquisition where the compensation paid is not accepted fo...

Land, Acquisition, New Law, Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, Compensation

Centre sanctions funds for Arunachal highway

June 2013

The Union Ministry of Road Transport and Highways has sanctioned Rs 130.74 crore as compensation to be paid to tribal land owners for acquiring land ...

Union Ministry of Road Transport and Highways, sanctioned, compensation, tribal land owners

Railways to trim stake in Kolkata project

May 2013

Union rail ministry decided to transfer much of its stake Kolkata's East-West Metro project to the urban development ministry so that the latter beco...

Kolkata Metro Rail Corporation, KMRC, compensation, East-West Metro, urban infrastructure, project, civic amenities, transport, delay

Afcons demand Rs 2.5 bn for delay in project

May 2013

Kolkata Metro Rail Corporation (KMRC) has reportedly received a demand from Afcons to pay Rs 257 crore as compensation for delay in fixing the final ...

Kolkata Metro Rail Corporation, KMRC, compensation, East-West Metro, urban infrastructure, project, civic amenities, transport, delay

Compensation announced to ryots in Mohali road project

February 2013

Decks have been cleared for Mohali airport road as the Greater Mohali Area Development Authority (GMADA) announcing the highest compensation rate in ...

decks, Mohali airport road, Greater Mohali Area Development Authority, highest compensation rate, Industrial Area, SAS Nagar, Kharar National Highway
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