Singapore team expresses interest in infrastructure projects
Jun 01, 2013
Source : The Times of India

 

LUCKNOW: In signs that the state's government initiatives to attract industry may be yielding results, a government-cum-business delegation from Singapore has evinced interest in investing in infrastructure projects, the proposed IT City at Lucknow, Trans-Ganga project near Kanpur, solid waste management, solar power, road and the proposed Greater Noida Night Safari, among others. In this context, a team of key officials of 'International Enterprise Singapore' (IES), and Changi Airport Group met special secretary, industrial development, Kaushal Raj Sharma on Friday.

 

The Singapore delegation comprised of Wong Ken Mun, director, IES Mumbai and Amita Mehta, director, IES Delhi, along with Phau Hui Hoon, senior manager of Changi airport group, Singapore. Following a detailed discussion with Sharma about investment avenues for Singaporean firms, Mun said the International Enterprise Singapore was a government agency driving Singapore's external economy as well as promoting overseas growth of Singapore-based companies and international trade. He said, "In our first visit to Lucknow, we are on a fact-finding mission to explore investment opportunities for Singapore companies in Uttar Pradesh."

 

Sharma informed the delegation about various infrastructure development projects coming up on a Public Private Partnership (PPP) model that are also open for bidding at present. Promising to return with specific investment proposals, the visiting delegation also evinced interest in the proposed night safari at Greater Noida, the Agra-Lucknow Expressway, the IT City and international airport at Agra, among other projects.

Latest Realty News

AT Group chief Sethi beaten at his own game
Jun 01, 2013
AT Group CMDPradip Sethi, who allegedly cheated thousands of investors, was taken for a ride by land sharks, who made him buy land at inflated prices. Sethi, who had planned to return investors' heavy interests by selling it at higher rates, failed to dispose it after realizing the real price of the property, police said.
Current realty prices in metros may be unsustainable: Report
May 31, 2013
Investment demand for real estate in the metros, rather than the demand from those who want to stay in the house they are buying, seems to have outpaced the rise in home prices in these cities compared to in the smaller ones. And this faster pace of rise in real estate prices in the metros may eventually turn out to be its own undoing, a report by Japanese financial services firm Nomura pointed out.
Realty prices in Puducherry’s French quarter take a hit
May 31, 2013
It's an inevitable domino effect. The local government's civic apathy is robbing Puducherry of its real estate sheen. According to sources, the attraction of the city's famed White Town or French quarter - whose limited residential properties have always attracted both well-heeled locals and expats - is wearing off thanks to mounting garbage, litter-lined streets and hand-cart hawkers.
Online registration of properties introduced in West Delhi
May 31, 2013
People in West Delhi can now expect hassle-free registration of properties with Chief Minister Sheila Dikshit today launching an online system to ensure transparency and offer people a seamless experience.
Mid income homes drive property sale in Bangalore
May 31, 2013
Bangalore's residential real estate market remains resilient despite global turmoil driven by demand for mid-end homes. The city saw 35,500 residential units launched during 2012 and around 8,000 units in Q1 2013.
Bangalore drawing NRI investors in real estate
May 31, 2013
A growing number of NRIs across the US prefer to invest in real estate back home due to a combination of factors. The capital appreciation in India, competitive local lending rates in the US, easing of investment norms by the government, repatriation facilities and availability of property management services are primarily instrumental in driving them to investing in real estate here.
Small builders drive residential development in Hormavu, Bangalore
May 31, 2013
Hormavu, a suburb in North Bangalore, is fast developing as a sought after residential locale predominantly due to its good connectivity to all major parts of the city. In the absence of established developers, small city-based builders are offering varied residential options to potential clients.
Development plan for Bharuch, Ankleshwar discussed
May 31, 2013
Bharuch Ankleshwar Urban Development Authority (BAUDA) has started consultations with stakeholders from the twin cities on a new development plan. People from various sections of the society participated in the first such meeting held on Wednesday.
Bad loans to soar on new RBI norms
May 31, 2013
The Reserve Bank of India has said that from April 2015 banks will no longer have the leeway to relax repayment norms for troubled companies without classifying their loans as non-performing assets, which would lead to a surge in bad loans. RBI has also asked banks to increase provisions on loans restructured from June 2013 to 5% from the present requirement of 2.75%.
Government to provide affordable housing
May 31, 2013
With the prices of real estate escalating it has become extremely difficult for the common man to find a piece of land within his means.

Latest Realty News Of State

Realty Talk's