Expat Market Insight News Feed

Locals to Roha

Alongwith doubling, electrification of the railway route is expected.

The doubling of the railway line between Panvel - Apta - Roha will soon be completed.

Panvel-Apta line to cut down travel time

Mumbai: Passengers to Konkan and South India can expect more trains and faster journey as the Central Railway will soon throw open an additional line between Panvel and Apta as part of the 75-km-long Panvel-Roha doubling project.

Prepay loan without fine to housing finance companies

NEW DELHI: In a development that will cheer thousands of homeowners who have availed of loans from any of the 54 housing finance companies (HFCs), the National Housing Bank (NHB) has banned the levy of pre-payment penalty.

Industrial estate for Villupuram likely

VILLUPURAM: SIPCOT Industrial Estate will soon be set up in Villupuram district and ample employment opportunities created, according to Collector R. Palanisamy. He was speaking at a workshop on job opportunities organised by the employment office at Arignar Anna Government Arts College here on Thursday.

New airport prompts railways to convert Panvel into rail hub.

With the plans for the second international airport almost finalized, the railways have stepped up their efforts for local train connectivity to the township and chalked out comprehensive plans to convert Panvel into a rail hub, proposing new suburban railway corridors between Karjat and Panvel and between Panvel to Virar.

Trans-Harbor Link to Open in 6 yrs: MMRDA

Mumbai Trans Harbor Link, the six-lane bridge that will connect south Mumbai to Navi Mumbai, will be operational in about six years, Rahul Asthana, commissioner, Mumbai Metropolitan Regional Development Authority (MMRDA), said on Wednesday.

Nod to draft plan puts new airport on fast track

The plan to build a second airport for Mumbai received a major push on Monday. The steering committee for the proposed Navi Mumbai airport, comprising civil aviation and state government officials, gave its nod to the draft master plan at a meeting in Delhi.

Navi Mumbai SEZ to be Split into 5 Zones, Set to Get Nod

The Navi Mumbai special economic zone (SEZ), promoted by Reliance Industries Chairman Mukesh Ambani and his close aide, Anand Jain, may finally win government approval with the promoters deciding to split the multi-product zone into five parts.

Navi Mumbai airport finally takes wing

The country's financial capital will have a second international airport at last, with the Union ministries of environment and aviation and the Maharashtra government's Cidco shifting their positions to meet each other half way. The direly needed and much-delayed project has finally got the green clearance from the environment ministry and the tendering for the project will start soon.

Dighi port to commission first berth in December

Operations at Maharashtra's first greenfield port in Dighi is expected to commence in December with the commissioning of the first of its five berths. Dighi Port Ltd, the company executing the project, plans to commission all five berths next year and expects to have rail and road infrastructure in place by 2012, which would cost around Rs3,000 crore.

Chitradurga will be next Science City

Chitradurga is best known for its huge boulders and picturesque valleys. But that’s all set to change. Chitradurga could be the science hotspot of the country as four of India’s most prestigious institutions are set to strike root at Challakere in Chitradurga, 200 km from Bangalore.

Bank lending to realty sector jumps five-fold

Bank lending to real estate developers seems to have jumped in recent months after a slump until June 2010. Net credit flows to the real state sector from banks jumped to Rs 9,604 crore in this financial year up to September 24, a five-fold jump compared with a similar period a year ago.

Navi Mumbai airport set to be cleared in next few days

Mumbai will soon get its second airport at Navi Mumbai. The Union environment and forests ministry is likely to clear the airport site in the next few days, ending months of uncertainty arising from environmental concerns.

Sources said most of the concerns that held up the clearance and triggered a fight between project developer City and Industrial Development Corporation (CIDCO) and the environment ministry's Expert Appraisal Committee (EAC) have now been addressed.

Getting real on real estate

The real estate sector has always attracted interest. It is primarily because in good times, it can be a multi-bagger. But the reverse also holds true. Investors, especially the high net-worth individuals (HNIs), show special interest in this sector.

Final Alignment for Virar-Alibaug Corridor by December

The final alignment for Virar-Alibaug corridor of the Mumbai Metropolitan Region Development Authority (MMRDA) which is likely to alter Mumbai’s skyline forever will be ready by December.

This project has immense development potential.

Seven new cities

At a glance, Dholera appears like any ordinary Indian town. But if everything goes according to plan, this town will become the first developed city on the proposed Delhi-Mumbai Industrial Corridor (DMIC) by 2018. "It will be a smart city with all facilities," says Amitabh Kant, CEO, Delhi-Mumbai Industrial Corridor Development Corporation.

Port trusts free to lease surplus land for realty

Over 50,000 acres of surplus land with India's major ports could be leased out to real estate firms in the coming months, in a move which could boost land supply for housing in coastal cities like Mumbai, Kolkata and Kochi.

Navi Mumbai airport makes headway

Union environment and forests minister Jairam Ramesh on Tuesday indicated that most of the hurdles for the environmental clearance to Navi Mumbai airport have been cleared with the project developers agreeing to "65%" of the issues raised.

Land Yourself A Great Deal

Ever wondered why prices of residential units have risen astronomically over the past decade? One factor is the rapid increase in land prices. While investing in residential property for capital gains is an accepted trend, investing in land is still fairly new.

Avenues to park money

One of the toughest decisions that an investor faces today is 'where to invest?' The Sensex is back at 20,000 levels, gold recently touched its all-time high and property rates are back to pre-crisis days. With equities, gold, property, all having seen a significant run-up from their lows in 2008, asset prices are no longer cheap.

Anantapur's Realty set to be positively impacted; Take Advantage

Famous for the Lepakshi Knowledge Hub, the district of Anantapur will soon see the entry of additional industries.

US consulate general, Hyderabad, Cornelis M. Keur promised all help for the establishment of industries in Anantapur district which has abundant human resources.

Tuticorin: Attracting new companies; backing it up with infrastructure

Companies set up their business in an area when they see that it holds potential. Tuticorin is one such district that is attracting new companies, and is also seeing infrastructural developments.

Among the new companies that are looking at setting up base in Tuticorin are Clenergen Corporation (CRGE) and Radisson Hotel GRT.

Indian Realty: Transparent, Recovering and Attractive

Real Estate is an investment 'avenue' which brings attractive returns to the discerning investor. Its value multiplies over a period of time and this is one of the reasons why people look to it for investment.

It can be said that the greater the level of transparency in the sector the more it will be attractive to the investors.

Real Estate strengthens muscle post-GIM

Karnataka's astute passion for enterprise is portrayed in its fervor to better domestic growth, craft careers and create wealth through a balanced mix of resource-based and knowledgeable products and services. The state has earned the reputation of employing technology to trace a steady growth curve across various sectors like aerospace, agro-based industries, apparel, automotive, cement, contract research, information technology, oil & gas, pharmaceutical, precession engineering, steel and food processing.

Raigad: The Future Commercial & Industrial Hub

The transformation of an area begins to take place when favourable government policies are planned for it. The positive impact that such policies have on the area are for all to see; over a period of time.

Mumbai, the country's commercial capital, has many business areas. Since prices of commercial space have risen in Mumbai and with limited land being available here, the Maharashtra government has decided to provide more commercial space by developing several areas in the neighbouring Raigad district.

Approved: Mopa International Airport. Benefit: Your Real Estate

Goa will now have the much needed second international airport. The Government approved the setting up of the Greenfield airport in Mopa through private public participation. It has also decided not to change the present provisions prohibiting a second airport from coming up within 150 km of an existing one, thus allaying apprehensions among the locals about the possibility of the Dabolim airport being shut once the new one started operations.

MIHAN makes infrastructural progress: Expa(ec)t Property appreciation

Infrastructural set up is crucial for attracting business to a Special Economic Zone (SEZ). The SEZ begins functioning when the companies in it start their operations; over a period of time it also attracts new companies. Nagpur's ambitious MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) Special Economic Zone has made significant infrastructural progress.

Spurt seen in Pune's Realty Demand: Consider Genesis

Real Estate projects, in a region, are constructed when developers see a demand for it. This demand arises due to factors such as the economy of the country, creation of jobs, easy availability of home loans, infrastructural developments taking place and so on.

Rs 10,000 cr. Innovation Park + Roha's Real Estate = Gains for You

When big establishments set up business in an area, they seem to draw the attention of other small and big establishments and the very fact that they choose to set up their business in an area indicates that they have seen the future potential of that area.

MMR gets special funding: Time to benefit from realty

New growth centers, while attracting people and industries, need the important element of funding to progress continually. Funding decisions that are taken and implemented by the government then begin the process of the area's transformation.