Union Cabinet to take a call on land transfer to Department of Industrial Policy and Promotion for exhibition centre
Apr 29, 2014
Source : The Economic Times


DELHI: The Union Cabinet is expected to take a decision tomorrow on transfer of land near IGI Airport here for construction of a world-class exhibition centre and air cargo complex. "The matter is listed in the Cabinet meeting tomorrow. The land would be transfered to the Department of Industrial Policy and Promotion (DIPP)," a source said.

The exhibition-cum-commercial centre would include an air cargo complex, spread over 154 hectares near New Delhi's IGI Airport in Dwarka Sector 25 and 26. It would also have hotels, a convention centre that can seat 6,000 people. The approval was also sought for mixed use of the land. The proposed exhibition and commercial project will be linked to the Metro.

It has been structured by the Delhi Mumbai Industrial Corridor Development Corporation ( DMICDC). The proposal is likely to create lots of employment opportunities. According to sources, there were some issues with the Delhi Development Authority (DDA) over transfer of the land for the project.


Latest Realty News

Pune’s skyline transforming from bungalows to towers
Apr 29, 2014
PUNE: Pune’s residential real estate market has evolved in formats. From huts to wadas; from independent houses to skyscrapers, the realty market in the city has seen it all. However, with the rising skyline in Pune, the bungalow culture, which once defined Pune, is now slowly getting reduced with only a few locations offering independent homes. “None of the residential formats available now and in the past, have had such an enduring appeal as bungalows. Pune is a city with a unique blend of in
Real estate market wants a stable regime
Apr 29, 2014
DELHI: The real estate sector is in a bad shape in the country. Many builders say this is mainly on account of the uncertainty in the current extended season of general election in the country.
Maharashtra Stamp Act: Stamp duty refund
Apr 29, 2014
PUNE: There is a provision in the Maharashtra Stamp Act for the refund of stamp duty in certain cases; for example where a property property transaction intended is not completed. This is, provided the application for refund is made within the prescribed timeframe. Some of the provisions for refund of stamp duty are briefly given below.
Industry chamber suggests slew of steps for Telangana's growth
Apr 29, 2014
HYDERABAD: Promoting two-three districts as economic units, restriction of real estate activity to prevent spiraling of land cost are among measures suggested by the Federation of Andhra Pradesh Chambers of Commerce and Industry for rapid economic growth of Telangana.
Realty firms hope poll outcome to bring turnaround in market
Apr 29, 2014
DELHI: Makeshift tents erected by real-estate brokers were a common sight across Noida until a year ago; so were home shoppers hopping between new apartments.
Infra sectors to be hit by high land cost
Apr 29, 2014
DELHI: There is a growing clamour against the provisions of a new land acquisition law with several infrastructure sectors - from road, to railway and power - fearing a three-fold jump in acquisition cost due to the new legislation.
Gera Developments launches ChildCentric Homes
Apr 29, 2014
PUNE: Pune based Gera Developments has launched a ChildCentric homes, a premium real estate project. These residences will be designed to offer a range of conveniences which can help children discover their passion. Kumar Gera, chairman, Gera Developers said, "The launch of ChildCentric Homes will create a paradigm shift in the real estate for both, the developer as well as the home buyer."
CCI says no abuse of dominant position by Ansal in Punjab
Apr 29, 2014
DELHI: Fair trade regulator CCI has rejected allegations of abuse of dominant market position against Ansal Township and Land Development with regard to the realty company's commercial project in Jalandhar, Punjab.
DLF office leasing up 50% in FY14 to 3 million square feet
Apr 29, 2014
DELHI: DLF LtdBSE 1.14 %, India's largest real estate company, said it has leased out a 3 million square feet of office space in 2013-14 with many marquee MNCs and Indian companies despite slowdown in economy.
Godrej Properties to invest Rs 150 crore on new project in Gurgaon
Apr 29, 2014
DELHI: Godrej Properties LtdBSE -0.37 % today said it will invest Rs 150 crore to develop a new housing project in Gurgaon.

Latest Realty News Of State

Realty Talk's