Under the revised parking floor space index (FSI) policy, the Maharashtra government approved three parking lot projects for over 1,300 vehicles. The new lots are at Altamount Road (behind Jaslok Hospital), and in Ghatkopar and Mulund (LBS Marg).
According to media reports, the lots would be a huge relief for people as parking space in the city
Tag: developer
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Govt clears 3 parking lot projects
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Cabinet may consider road ministry proposal
Media reports indicate that the union cabinet may consider the proposal of the road ministry to allow road developers to sell their 100 percent stake in already awarded projects in favour of more capable firms. The highway ministry proposed this idea as many highway developers are unable to begin work on their project because of financial and
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Cabinet may consider road ministry proposal
Media reports indicate that the union cabinet may consider the proposal of the road ministry to allow road developers to sell their 100 percent stake in already awarded projects in favour of more capable firms. The highway ministry proposed this idea as many highway developers are unable to begin work on their project because of financial and
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Official calls for firms to take over completed infra projects
Union Economic Affairs Secretary Arvind Mayaram asked private firms to set up facility management companies in order to take over completed infrastructure projects. Speaking at a conference organised by Ficci, the secretary said the facility management companies must take over the operation and maintenance of completed proje
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Legal experts find loopholes in lease deed
Legal experts warned that the Cochin Port Trust (CPT) may lose 26 acre of prime land at Bolgatty island if the lease holder raises loan against the land and fails to repay it. On July 26, 2011, the port authority leased out the land to a private developer by signing a lease deed. According to the deed, the lessee may seek permission from the port authority to raise loan against the la
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High interest outgo raises loss of GMR Infra
Huge interest outgo crimped the bottomline of infrastructure developer GMR Infrastructure, which posted a net loss of Rs 217 crore during Oct-Dec 2012. The company's interest outgo during the period is said to have risen 24 per cent to a total of Rs 525 crore, reports suggest. It is sitting on a consolidated debt