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1.300 realty developers approach the Rs 125 bn AIF for financial support for projects

The government’s Rs 125 billion Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects. And, it reportedly expects to fully deploy its money in two years.


2.189.6 km Goa-Karnataka border highway project commissioned

Built at Rs 34.47 billion by IRB Infra, the project has a concession life of 28 years


3.Builders in Gurugram may face penalty of up to Rs 3 billion

The Haryana Real Estate Regulatory Authority (HRERA) will reportedly impose a penalty of about Rs 3 billion to Gurugram developers. As reported, the authority has, in the last two years, received 9,496 complaints, of which 6,598 have been disposed off or resolved. It has also issued 509 penalty notices to builders who have defaulted in terms of complying with various provisions of the real estate law. HRERA has imposed penalty of about Rs 400 million on builders so far.


4.RSP Developers to invest Rs.5 bn in Gurugram

Gurugram-based real estate firm RSP Developers is planning to invest about Rs.5 bn in a 12-acre R&D centre and co-living facility in the city by 2023.


5.Avighna, HBS Realtors in talks to jointly develop residential project in Mumbai

Realty developer Avighna Group is reportedly in advanced talks with HBS Realtors to enter into an agreement to jointly develop a Rs.18 bn residential project in Mumbai.


6.Major port to come up at Vadhavan in Maharashtra

Cabinet gives in-principle approval for setting up the new port


7.BAGGED IT!

The company has bagged an order from TANGEDCO for execution of 1 x 660 MW Supercritical Ennore Thermal Power Station Expansion Project in Tamil Nadu on EPC basis.


8.Energy-efficient Air-conditioning gathers Momentum

Energy-efficiency norms as well as customer preferences products are driving innovation in air-conditioning.


9.Does the Budget fall short of Real estate sector’s expectations?

Residential real estate developers were hoping for much more than merely extending existing benefits for affordable housing.


10.A single-window clearance system can help speed up the execution of projects

Across the landscape of Bengaluru, Hyderabad and five other Indian cities, the Salarpuria Sattva Group is a name that’s made its indelible mark. With the Union Budget 2020 being announced tomorrow, Bijay Agarwal, Managing Director, Salarpuria Sattva Group, shares his expectations on the Budget


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