Tag Archives: State government

SRA scheme is in doldrum due to realty slowdown

The much-hyped slum rehabilitation authority (SRA) scheme of the Maharashtra government is in doldrums. This follows a steep slump in the real estate market. One of the biggest players in SRA schemes said, “I have decided to pull out completely. It just doesn’t make sense to get involved in these schemes anymore.” With many SRA [...]

State Government Granted SEZ Status To JSW Steel Plant Project

KOLKATA: The state government has granted to a proposal for granting SEZ status to the JSW steel plant project at Salboni with specific pre-conditions, in addition to which it has approved the acquisition of 3500 acres for Aerotropolis project containing a private airport and real estate at Andal.
The Cabinet sub committee on industry agreed to [...]

Centre has power to denotify SEZ

Goa Chief Minister Digamber Kamat said that the Centre has a power to denotify Special Econimic Zone (SEZ) if they are not operational within stipulated period of time.
Kamat told the State Legislative Assembly on Tuesday, “During my talks with union Commerce Minister Kamal Nath, he said that SEZ projects should be complete within a particular [...]

Violation Of FEMA In Goa

After being scanned for Foreign Exchange Management Act (FEMA) violation, many foreigners intend to sell their properties in Goa and return back, but have to stay back as Goa authorities have banned any related transactions.
Few of the foreigners who have invested in Goa getting jittery after the show-cause notice from the directorate of enforcement and [...]

Infopark in Kochi By Brigade

Brigade Enterprises, a Bangalore-based real estate developer, has bagged 5 acres in Kochi to build up IT office space. The company acquired the land in the processing area of Kochi’s Info Park Special Economic Zone (SEZ).
Government of Kerala will develop IT Park in Kochi which will be known as Info park. For the project, the [...]

208 Illegal Colonies To Be Regularized In Ghaziabad

The state government has decided to regularize illegal colonies in Ghaziabad on the pattern of Jaipur Development Authority in Rajasthan. The policy would benefit 208 illegal colonies.
The UP administration has invited suggestions on the policy from development authorities across the state through a letter. A copy of Jaipur Development Authority’s policy is also attached.
The development [...]