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Purvanchal Expressway Moves A Step Closer To RealityThe Uttar Pradesh government has approved various proposals submitted by shortlisted builders for different packages of the expressway. These projects will be implemented in engineering, procurement and construction (EPC) model. The expressway will be constructed between capital Lucknow and Ghazipur connecting interior and semi-developed towns of the state.
After A Failed Attempt In June, Delhi’s Iconic Taj MAfter a failed attempt to auction Delhi's iconic Taj Manshing hotel in June, the New Delhi Municipal Council (NDMC) has announced the date for a re-auction. After years of litigations and interventions by the Supreme Court (SC), the civic body had earlier planned to conduct the auction on June 19. However, against the clause of minimum three bids, only one was received. Now, the date for re-auction has been set as July 18.
Much-Delayed Dwarka Expressway Is Nearing CompletionSince “all obstacles have been removed”, the 29-kilometre Dwarka Expressway could be ready in another one-and-a-half year, says Gurugram Metropolitan Development Authority Chief Executive Officer V Umashankar. The project, aimed at decongesting the Delhi-Gurgaon highway, was stuck owing to land acquisition issues at New Palam Vihar and Kherki Daula.
Yamuna Expressway Authority To Go After Builders WhoIn Noida, the period between 2011 and 2012 was declared a zero-interest period. During the zero-interest period, when construction was hit because of farmer protests, builders were not required to pay interest on land dues. After great deliberation and study, the move was launched. Now, authorities suspect developers of misusing the benefit offered to them.
SC Asks Jaypee To Deposit Rs 600 Cr; Buyers Demand NOn July 4, the SC pronounced some relief to the ailing company and offered a concession. Jaypee will now have to pay Rs 600 crore to refund homebuyers post which the apex court has assured that it would ask the National Company Law Tribunal at Allahabad to expedite the case and decide on revival or restructuring.