In a setback for IT companies that want to set up base in Hyderabad, sources say they shall no longer be allotted land at a subsidised rate. Companies will have to purchase land at the existing market rate now. Sources tell CNBC-TV18 that the paucity of land in the outskirts of Hyderabad is the reason… Read More »
The Bihar Industrial Area Development Authority (BIADA) has invited applications for allotment of 197 acres of its land across the state for industrial purposes. BIADA neither has a huge land bank nor has it undertaken any massive land acquisition exercise in the recent past. Sources said BIADA has around 200 acres of land, which has… Read More »
The Supreme Court asked the Centre and a clutch of state governments on Monday to submit their responses to a PIL (public interest litigation) seeking return of 90% of the 4,842 hectares of land to farmers, which was acquired for setting up of special economic zones (SEZs) but has been lying unused. A bench, headed… Read More »
IT major Infosys has paid another Rs 50 crore for the Rajarhat land, sending out signals that the company is keen to have its footprint in Bengal. State urban development minister Firhad Hakim broke the news in the Assembly on Saturday while participating in a debate on the West Bengal Municipal Corporation(Amendment) Bill, 2016. The… Read More »
The industrial land rates have been fixed at Rs 10,790 per sq m in the highest slab for the first 4,000 metres, the average price has been set at Rs 7,800 per sq metre. “As an incentive, industrial plots above 20 acres will be allowed 5% support facilities for workers of the unit. A committee… Read More »
Haryana government has decided to adopt Swiss Challenge method for auctioning 3,000 acres of land for a $10 billion industrial park proposed by the Chinese Wanda group. Swiss Challenge method is a new process of giving contracts. Any person with credentials can submit a development proposal to the government. That proposal will be made online… Read More »
The plan to set up International Financial Services Centre (IFSC) in Mumbai is likely to get Centre’s nod this time around, thanks to the revised proposal from the Maharashtra government under which more land has been allotted for the project. A plot adjoining the existing G-Text block at Bandra Kurla Complex has now been added… Read More »
Uttar Pradesh government has cleared a proposal to change the land use of about 1000 hectares of land earmarked for a Special Economic Zone (SEZ) as per its Master Plan-2031, on the Noida-Greater Noida Expressway. The move comes more than two years after Noida Authority had sought the change. The said land is now proposed… Read More »
As majority of investors in Mihan-SEZ remain non-starters, a proposal has been mooted to come up with a transfer policy for the companies which have taken up land in the project but not started operations. Under the plan a company can transfer its land in Mihan to a different player. Maharashtra Airport Development Company (MADC)… Read More »