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CommonFloor Editorial Team

World Bank and International Monetary Fund annual meeting in Istanbul

World Bank to provide assistance for infrastructure funding facility

The Indian government recently approached the World Bank to establish a Global Infrastructure Facility (GIF) to assist with the financing investments amounting to approximately $1 trillion required for projects within the sector. As per senior government officials, the World Bank has considered and is currently working on India’s proposal for a GIF which would provide […]

CommonFloor Editorial Team

Toll plaza 32 lane

NHAI to file FIR against DGSCL for causing revenue loss

The National Highways Authority of India is likely to file an FIR against the operator of Delhi-Gurgaon expressway, DGSCL, for underreporting traffic at the 32-lane toll plaza, owing to which the Authority has lost crores of revenue. About the toll-plaza The 32-lane toll plaza, located at Delhi-Haryana Border, is said to be the biggest toll […]

CommonFloor Editorial Team

PCMC to start work on revised development plan

With the existing Development Plan for the city of Pimpri Chinchwad getting lapsed in the next two years, the Pimpri Chinchwad Municipal Corporation (PCMC) will prepare a revised DP for the city. In 1997, a separate Development Plan was approved for some of the areas that where transferred by the state government. With the terms […]

CommonFloor Editorial Team

How does the new land acquisition law work?

The new land law,“Right to fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013”, will replace the old Land Acquisition Act,1894. So, how the new law will affect the Land Acquisition by Govt? Acquisition of immovable property in India is governed and regulated by “The Requisitioning and Acquisition of Immovable Property Act, […]

CommonFloor Editorial Team

Airport UDF hike-Impact on real estate

Loaded with rising airfares, the passengers at BIA(Bengaluru International Airport) will soon be troubled with hike in UDF. Airports Economic Regulatory Authority of India, which sanctioned the hike, sees it as a temporary revive. The hike is an indirect way for the air commuters to pay for the incompetence of BIAL to raise revenue for […]

CommonFloor Editorial Team

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