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The company is looking to invest Rs 100 crore-Rs 300 crore in redevelopment, slum rehabilitation and stressed real-estate projects, Dhaval Ajmera, Director, Ajmera Realty and Infra, said.
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Among the issue raised by the homebuyers at the conference was the long-pertaining confusion regarding the registration of associations in the state and the last-mile mobility issues in the city.
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The letter has sought a resolution to the order that put on hold its December 2022 order lifting restrictions for construction in close proximity of defence establishments.
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Additionally, the authority has sent notices to two developers for publishing advertisements of their projects without showcasing their RERA registration number.
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The banking system in India is facing the challenge of bad loans and the RBI should focus on resolving it for the time being, an industry body has said.
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Capacity utilisation across various sectors is still very low at 70 percent and
there is a substantial amount of capacity which is yet to be put to use, says Mahesh Vyas, MD & CEO of Centre for Monitoring Indian Economy in an interview to CNBC-TV18.
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According to YD Murthy, executive vice-president - finance, NCC, the main problem with stalled projects are issues related to land acquisition and lack of clearances
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The impact of the steel sector has been such that the stock of stalled projects increased after falling for five quarters.
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Mahesh Vyas of CMIE says: "A large part of the new investment comes from one big investment show in Tamil Nadu and when that happens there is a blip. If one were to take it out, the picture does not look too good."
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The government has managed to bring down the number of "stalled projects" to its lowest level in over three years, but any pick-up in new investment projects is still a few quarters away, a new survey has found.
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Lack of government clearances alone is not to blame for the stalled projects, says broking firm UBS. Three-fourths of the list comprises projects that appear either unworkable, unviable, constrained by promoter funding, or already substantially completed.
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The number of stalled infrastructure projects has declined, but the pace of new capex has declined in the March and June quarters, Mahesh Vyas of Centre For Monitoring Indian Economy told CNBC-TV18.
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Case by case review of some of the major infrastructure projects would be undertaken by the ministry in presence of senior officers of the ministries of power, steel, transport, shipping and the RBI, an official statement said.
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Mahesh Vyas, MD and CEO of CMIE does not expect rapid growth in exports for the next few quarters.
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The Survey said PPP Financing structure should attract pension and insurance funds, adding that high projects should shift to e-toll systems and escrow accounts
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Veteran bankers now say if the bad loan hemorrhage has to be stopped from becoming system threatening, RBI and the finance ministry must constitute an independent panel that takes charge of top 100 large loans and resolves them.
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The market today snapped a 3-day winning streak. Broad-based correction dragged the Nifty below 8,500, Sensex shed over 160 points.
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Speaking to CNBC-TV18, Vinayak Chatterjee, chairman, Feedback Infra says most of the CCI announcements were largely focused on the power sector and the government is moving in the right direction.
