The incomplete construction of flats is the prime reason behind the delay of Delhi Development Authority (DDA)'s latest housing scheme. Due to this, about 3,000 flats on offer will be delayed by at least six months.
The Union government, upset by several jammed highway projects, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties. The government's grand rescue plan, billed as a one-time measure, is in the final stages of approval and involves 23 concessionaires (the private parties) and a total project cost of Rs 34,000 crore ($5.2 billion).
A proposal has been made to the government to stop private developers from collecting toll on highway widening projects during the construction phase, if the project falls behind schedule. The proposal has been made by the National Highways Authority of India (NHAI) and it is being studied by the Union Ministry for Road Transport and Highways.
Private developers in Karnataka have plans to develop five minor ports in the state under the Karnataka State Port Development Policy 2014. It is the first time that the state has formulated such a policy.