FranceĂâs Vinci Construction India head Thomas Bigueure, has said that the company is in talks with at least one infrastructure firm to acquire its concession. He added that the company is looking at acquiring the concessions of those developers who are looking to exit from road projects. It is an indication of revival of interest in Indian roads sector.
Tag: developers
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Govt asks developers to complete housing projects
Private developers who are delaying the construction of affordable housing units in Jaipur received a warning from the state government's urban housing and development (UDH) department. The developers were asked to complete the project by end of July or else lose the security money. The department said it would transfer the security money to Jaipu
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Lack of civic infra hinders housing projects in SEZs
Real estate developers feel that one of the key impediments in setting up affordable houses in Special Economic Zones (SEZs) is lack of basic civic infrastructure. Developers also opined that the new industrial policy of the Maharashtra government earmarking 40 percent of land for SEZs might not see substantial land being used for housing purposes in Pune district. Maharashtra Industrial Development Corporation (MIDC) feels that majority of the notifi
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NHBF seeks prior approval for highway projects
In a letter to NHAI, the National Highways Builders Federation (NHBF) recommended that highway projects should not be called for bids before securing requisite clearances, for land acquisition, environment, forest and wildlife. NHBF is a lobby body for highway developers and the letter is also addressed to the Highway Ministry and Finance Ministry on
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Govt finalises changes in STP policy
Maharashtra government finalised several changes to the existing policy for the Special Township Project (STP) scheme. The modified policy increases the contribution of the builder to low-cost housing to 20 per cent of the total built-up area from the current level of over 10 per cent. It may be recalled that over six years ago, the state gove
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