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Special Purpose Vehicle

Integrated Transport System set to transform Mumbai

Mumbai will be one step closer to becoming a world city as the integrated transport system envisaged for the city becomes a reality. In a recent development, Chief Minister Devendra Fadnavis has told the Mumbai Metropolitan Region Development Authority (MMRDA) to submit a feasibility report within two months on constructing a six-lane elevated rail and […]

nikunj.j

Tax Incentives and Budget Reforms can Boost Real Estate Development

Reforms, rationalisation of taxes and higher rebates for individuals and specific instruments/entities could spark a quicker turnaround in the real estate industry. Through the upcoming Union Budget 2015-16, the Government should address the problems of the realty sector through customers as well as developers. After the downslide due to the 2008 global economic crisis, the […]

nikunj.j

Bangalore Metro phase-II gets green signal

In a move to improve the public transport system in the city and free it from traffic woes, the government recently gave a nod to the second phase of Bangalore Namma Metro Rail Project. The project is expected to provide the much needed boost to the public transport infrastructure in Bangalore and become a boon […]

Hyderabad Metro expected to earn more than 50% revenue from Real Estate

L&T Metro Rail is a Special Purpose Vehicle (SPV) that was formed for the development of the metro rail project in Hyderabad. It is expected that the conglomerate is expected to earn more than 50% of its revenues from real estate. The rest of its revenues are expected to be earned from commuters traveling in […]

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