The Bombay High Court (HC) on January 15 ordered setting up of a three-member panel to evaluate and sells assets of the embattled Housing Development and Infrastructure (HDIL). The fund thus accumulated would be used to pay off the debt the builder owes crisis-hit PMC Bank.
After winning the bid to build the project recently, officials of Zurich Airport International on January 15 reportedly visited the project site and discussed the master plan with the brass of the Noida International Airport (NIAL). It is known that the Swiss company would soon apply to the Union home ministry for a safety clearance for the airport project, work on which is set to start in February this year, as per a Proptiger.com report
Andhra Pradesh Transport Minister Perni Venkataramaiah has reportedly stated that the state government is planning to begin construction work on the Machilipatnam Port project in Krishna district early this year.
The Centre has started the process to set up six more airports in Telangana, which so far has just one operational airport in Hyderabad. An aeronautical survey has been marked for the proposed development of these six airports by AAI.