Counterparty delays forcing Renewable Energy projects to run out of steam, says Ind-Ra

September 2016

State power utilities’ (major power purchasers) insensitivity to projects’ debt service commitments and delays in making payments – problems specific...

Tags: State power utilities, India Ratings and Research, Central Government, Counterparties, Ujwal Discom Assurance Yojana scheme, Maharashtra State Electricity Distribution Company, Power generators, Renewable projects

Two lines approved in Mumbai Metro corridor

September 2016

Maharashtra has approved two lines — D N Nagar-Bandra-Mankhurd and Wadala-Ghatkopar-Thane-Kasarvadavli in the Mumbai Metro corridor, worth Rs 25,535 ...

Tags: Maharashtra, Mumbai Metro corridor, Devendra Fadnavis, Urban Development Department, Cabinet

Oracle, Maharashtra join hands for citizen services

September 2016

Oracle has signed a Memorandum of Understanding with the Maharashtra government in San Francisco for the creation of a Center of Excellence, a resear...

Tags: Oracle, Memorandum of Understanding, Maharashtra government, Safra Catz, Business Line, cloud computing, Catz, Devendra Fadnavis, Smart Cities

Nagpur-Mumbai expressway goes one step further

September 2016

The detailed project report (DPR) of the planned expressway between Nagpur and Mumbai will be finalised by the end of September, after which tenders ...

Tags: DPR, Devendra Fadnavis, Vidarbha, Marathwada, Infrastructure, Economic, Maharashtra Government

94 irrigation contracts cancelled in Maharashtra

September 2016

The Maharashtra Government has cancelled 94 contracts pertaining to 14 irrigation projects in the state. Out of the 94 contracts, 12 are in the Konka...

Tags: Maharashtra Government, Gosikhurd project, ACB, Water resources department, ndian Contracts Act, Wadnere Committee, Gosikhurd dam project

Mission 360 – Karrm Infrastructure announces 5 Lakh affordable homes

September 2016

Vivek Oberoi’s Karrm Infrastructure has announced the launch of its affordable housing project in Shahapur, Maharashtra, under the umbrella programme...

Tags: Vivek Oberoi Karrm, Infrastructure, Affordable housing, Karrm Infrastructure

Maharashtra Government to appoint four housing regulators for grievance redressal

September 2016

Almost 25,000 cases related to real estate are pending with the consumer court. To address the grievances region-wise under the Real Estate (Regulati...

Tags: Real estate, Regulation, Development, Maharashtra Government, Bandra Kurla Complex

Cluster redevelopment scheme extended to Maharashtra suburbs

September 2016

In a major development, the Maharashtra government has extended the redevelopment policy bonanza for old and dilapidated buildings to the suburbs. Un...

Tags: Maharashtra government, FSI, Devendra Fadnavis, Non-buildable plots, Mhada, Cluster redevelopment scheme