Gandhinagar Mangalore Property

In what may come as a big blow to Amaravati investors, the Andhra Pradesh government has decided to repeal the Capital Region Development Authority (CRDA) Act which was brought in to build the new capital city Amaravati. This all means that the Amaravati master plan envisaged by the previous state government stands null and void.

On November 11, the Karnataka government launched an online portal named Kaveri Online Services to enable property owners to access property and document-related services from a computer instead of visiting the sub-registrar office. Initially tested and implemented in Gandhinagar sub-registrar office, the website now provides details of as many as 250 sub-registrar offices in Karnataka. MakaaniQ mentions the procedures a buyer in Karnataka must follow for registering a property online.

In a move that would accelerate the business in the GIFT City, Alternative Investment Funds could now invest in the IFSC through the Foreign Portfolio Investment, the Foreign Venture Capital Investor and the Foreign Direct Investment route. The Securities and Exchange Board of India on November 27 released the guidelines for AIFs, making the GIFT City a potential destination of investment to launch offshore funds for investment in India.

Prime Minister Narendra Modi on March 4 inaugurated a 6.5-km stretch of the Ahmedabad Metro project, connecting Vastral to Apparel Park area. PM Modi also took a ride on route, built under Phase-I of the Ahmedabad Metro project. Only last month, the government has given its approval to Phase-II of this project. Here is all you need to know about the project.

In a bid to promote economic activity and boost housing demand at the same time, India’s first greenfield industrial city Dholera is gearing up for basic infrastructure and amenities. Dholera will be six times bigger than Shanghai and has already received Rs 3,000 crore funding from the state government.