Despite depressed consumption sentiment, the top seven cities saw homes worth approximately Rs 1.54 trillion sold in the first three quarters of 2019 compared to approximately Rs 1.33 trillion in the corresponding period of 2018, rising yearly by 16%, according to ANAROCK Property Consultants.
Between January to September of 2019, nearly 2.02 lakh units have been sold across the top seven cities; approximately 1.78 lakh units were sold a year ago.
The environmental clearance, one of the major bottleneck for Indian energy resources mining and exploration has been attaining various regulatory approvals to undertake the activities.
Contractors have surrendered or relinquished the areas awarded to undertake hydrocarbons exploration or mining activities, due to delay in getting such clearances or at times approvals being denied.
To overcome such hurdles, the Ministry for Environment, Forest and Climate Change (MoEF & CC) has decided to come up with guidelines that will detail how much and what can be allowed for undertaking exploration activities.
In order to boost coal bed methane (CBM) production, the Centre may consider re-auctioning relinquished coal mines, said Prashant Modi, Managing Director and Chief Executive Officer of Great Eastern Energy Corporation Ltd (GEECL).
The Indian rupee opened on a cautious note and fell 9 paise to 71.03 against the US dollar in early trade on Wednesday (October 23, 2019) amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows
The National Highways Authority of India (NHAI) has created a pipeline of projects worth Rs 8 lakh crore which will be awarded over the next three years, as the government begins the exercise of creating a national infrastructure pipeline to make India a $5-trillion economy over the next five years.
The finance ministry in September this year announced the setting up of a high level task force to identify infrastructure projects to drive Rs 100-lakh-crore investment in the sector by 2024-25.
Shapoorji Pallonji Real Estate is in talks with HDFC Capital Advisors, the real estate fund management arm of HDFC, and International Finance Corporation (IFC) separately, to float a platform to invest and develop low-cost homes across the country, sources said.