PRIVATE LAND
Green bonds - Municipal bodies think change, climate change
Brihanmumbai's ₹10,224 crore FY25 climate budget signifies Indian municipal bodies' shift to sustainability. With Solapur, Vadodara, Bhopal, Indore, and Pimpri-Chinchwad leading green initiatives, CEO Masood Mallick highlights Swachh Bharat Mission, regulatory evolution, and public-private partnerships. NGT's environmental compensation emphasizes compliance, increasing the need for green financing.
Govt starts process of acquiring land worth over Rs 4,000 crore for second phase of Noida International Airport
The district is acquiring land from villages for Noida Airport's second phase. Resettlement and compensation are progressing. YIAPL plans test flights by November and aims for commercial operations by year's end. Completion delayed to April 2025. DS Mishra, Noida International Airport Limited, and four new vendors are addressing steel shortages. Farmers to resettle in Falaida Bangar.
No land to Adani group, Dharavi land transfer to Maharashtra govt depts: Sources
The Dharavi slum redevelopment project involves the Adani group building houses for residents, with land transferred to Maharashtra government departments, not Adani. Officials rejected claims of land grab, emphasising that the land remains with government entities. The project aims to provide housing and commercial spaces, ensuring no displacement of Dharavi residents. Additional benefits include stamp duty exemptions and business support.
Amaravati's revival: N Chandrababu Naidu's return sparks new hope for Andhra Pradesh's capital
Real estate agent Mehboob Khan in Amaravati is overwhelmed with messages as land prices surge due to the return of N Chandrababu Naidu and the TDP, with the slogan 'Boss is Back,' indicating a revival in the city.
Maharashtra government's slum policy strange as it encourages encroachments; its inspection required, says HC
The court said once slums on a private land are recognised under the Slum Act, strangely the encroachment on a private land gets converted into a legitimate right of a free tenement to the encroacher under the slum policy of the state government, which, in our opinion, is as good as a premium on the illegality of the encroacher in encroaching on either private or public land. The court said government authorities need to be conscious of the ground reality that it is a herculean task to remove encroachers from both private and public land.
Land for jobs 'scam': Delhi HC directs medical evaluation of Lalu's aide Amit Katyal
The High Court emphasised that the right of health of an individual, being a facet of right to life under Article 21, cannot be abridged without due process of law in a mechanical manner and an individual can be released on an interim bail when specialized treatment and care, which cannot be provided in jail, is necessary.
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Capital-in-waiting? Election results ignite real estate frenzy in Amaravati, prices soar 50%-100% in 3 days
The 2024 Indian elections brought more than political shifts, with Amaravati witnessing a staggering 50%-100% surge in real estate prices within days of the results, according to The Times of India. The victory of the TDP, Jana Sena, and BJP alliance resolved uncertainties about the capital, reigniting buyer interest. All eyes are on Prime Minister Narendra Modi's anticipated statement during N Chandrababu Naidu's upcoming swearing-in ceremony as CM on June 12 near AIIMS in the capital region.
Lok Sabha results won't force India's budget to make significant policy shifts: Fitch
Fitch Ratings anticipates minimal policy shifts in India post-election losses. The upcoming July budget will detail economic reform plans and fiscal goals for the next five years, crucial for addressing fiscal metrics, reducing debt, potential deviations from capital expenditure commitments, the risk of heightened social spending, progress in judicial reforms at the state level, and reforms in the manufacturing sector.
Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch
Fitch Ratings predicts that the new government in India, led by Narendra Modi, will face challenges in passing legislation on ambitious reforms due to coalition politics and a weakened mandate. Major reforms to land and labour laws will remain on the agenda, but these have been contentious and the NDA's weaker mandate could complicate their passage further. The BJP fell short of a single-party majority in the 543-seat lower house of parliament for the first time since its latest period in government in 2014.
Energy, manufacturing & infra to remain bedrock of India's bull market: Nilesh Shah
It is very likely that these very sectors are going to basically get a fresh impetus. You are right that yes, in term one, these pockets did not yield returns. But in the second term, especially post COVID, we have seen massive returns and I probably think that is only the start, be it defence, be it space, be it many of the other areas.
How I finally entered a $5 trillion money-making venture
Indrajit hazra talks about how an Allahabad Bank account-holding man-child, at last, felt plugged into the Phiroze Jeejeebhoy Towers on Dalal Street,
New driving license rules coming into effect from June 1. Check details
New driving license rules effective from June 1 allow tests at private training centres instead of RTOs, with fines for speeding ranging from Rs 1000 to Rs 2000.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
View: Your first 100 days to-do list, Gov
The upcoming government will have its work cut out for it as it steps into power following the conclusion of the 18th Lok Sabha polls. While the current administration has made strides in improving the business environment in India, there are key reforms that the new government must prioritize to fully capitalize on the country's growth potential.
PE Fund Mapletree acquires Bengaluru land for over Rs 1,900 crore
Adarsh Developers, a real estate development company, has recently completed the sale of a 41-acre land parcel in Bengaluru to Mapletree Investments, a private equity fund based in Singapore. The transaction, valued at over Rs 1,900 crore, forms a key aspect of Adarsh Developers' strategy to alleviate debt burdens. With an estimated development potential of approximately 7 million square feet, the land sale represents a significant step forward for both parties involved.
CapitaLand Investment appoints Sumit Gera as CEO- India Business Park
Sumit Gera appointed CEO of India Business Park by CapitaLand Investment Limited as part of leadership succession strategy. Gera takes over from Gauri Shankar Nagabhushanam, who becomes CEO of CapitaLand India Trust (CLINT), Asia’s first property trust focused on India. Sanjeev Dasgupta will be succeeded by Nagabhushanam in August 2024.
Narayana Health acquires 1.2 acres in Bengaluru for Rs 169 crore
Narayana Health acquires 1.2 acres of Bengaluru land for Rs 169 crore, as per Propstack data. The property, in Begur Hobli, south Bengaluru, was sold by Venture Projects Bangalore Pvt Ltd. Founded by heart surgeon Devi Shetty, Narayana Health operates 18 hospitals in India and abroad. Bengaluru sees rising luxury property transactions amid growing wealth.
CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.
Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 20 years of experience in real estate private equity, fund management, and corporate finance. Previously, he served as CEO of India Business Park at CapitaLand Investment, overseeing the growth of business parks in India. Gauri holds a Master's in Finance from the London Business School and has worked with companies like Ascendas-Firstspace, Deloitte, TAIB Bank, and Samba Financial Group.
After billboard collapse, BMC to take down remaining hoardings on GRP land
BMC to remove hoardings at Chheda Nagar after 14 deaths at Ghatkopar petrol pump; case filed against M/s Ego Media Private Limited; hoardings on Eastern Express Highway; BMC lacks demolition equipment.
Vinod Khosla loses bid to end California beach access suit
Venture capitalist Vinod Khosla faces setback in blocking public access to Martins Beach after California state judge denies his request. The lawsuit from a state agency regarding closing the popular surfing spot continues.
Shiv Sena (UBT) leader's private helicopter crashes during landing in Maharashtra; no one injured
The pilot of a helicopter was injured after it tilted during landing in Maharashtra's Raigad district on Friday, a police official said. The chopper was scheduled to pick Shiv Sena (UBT) leader Sushma Andhare for a public rally in connection with the ongoing Lok Sabha polls, he said.
NHAI set to incorporate wayside amenities into design of highways
NHAI is targeting 1,000 wayside amenities over the next five years--one at every 50 km along national highways--against 600 envisioned earlier in partnership with the private sector, a senior government official told ET.
Positive development: India on move to return private land to Hindu, Sikh minorities in Afghanistan
India welcomed the Taliban regime's decision to restore private land rights to Afghan Hindus and Sikh minorities, describing it as a positive development. The Taliban administration reportedly established a commission to return seized private land to its rightful owners, which were taken by warlords during the previous regime in Kabul.
US Moon lander 'permanently' asleep after historic landing: company
Houston-based Intuitive Machines said late Saturday that the lander, named Odysseus, had not phoned home this week when its solar panels were projected to receive enough sunlight to turn on its radio.
Why did Karol G’s private jet made emergency landing in LA? Singer shares horrific experience
Latin artist Karol G, a Grammy winner, found herself in a tense situation when her private jet experienced smoke in the cockpit. This alarming incident forced an emergency landing at Van Nuys Airport in Los Angeles on March 1.
Sideways moon landing cuts mission short, private lunar lander expected to cease operations Tuesday
Intuitive Machines' lunar lander, Odysseus, will cease operations after landing sideways near the south pole of the moon. It landed in a degraded crater close to an area of interest. Communication with Earth was hampered due to the landing position.
Private US spacecraft topples to its side during lunar landing, some antennas covered up, the company says
A private U.S. lunar lander, Odysseus, tipped over during touchdown near the moon's south pole, ending up on its side and hampering communications. Despite the mishap, the lander, sponsored by NASA, is thought to be within a few miles of its intended landing site. NASA's Lunar Reconnaissance Orbiter will attempt to locate it. This marks the first private moon landing, with NASA experiments onboard. The lander's mission is expected to last about a week on the moon.
Exploring the history of lunar landings, as U.S. company achieves first private moon landing
A U.S. company, Intuitive Machines, has successfully landed a spacecraft on the moon, becoming the first private entity to do so. This achievement marks a significant milestone, as only five countries have previously achieved a safe moon landing. Despite the lander tipping over on its side, Intuitive Machines managed to establish limited communications, showcasing the growing capabilities of commercial space exploration efforts.
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