Anirudh Patel, Mumbai
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Mumbai developers can now obtain NOCs through private consultants
Q: The civic body will now allow builders to obtain no-objection certificates through private consultants instead of civic officials.

Latest Answer: Hi everybody, I appreciate the initiatives but at the same time i would like to say that there are many more issues with the approval process such as numbers of approvals and number of officers a builder has to go to for procuring permissions, BMC's software which is full of junk and civic officials are trying to force them to use it etc. This needs to simplified.

Residential updates of MMR July-Sept 2015
Q: MMR witnessed the new launch supply of about 44% in the luxury segment in Q3 2015 as against 25% in Q2 2015.

Latest Answer: Which are the key project that were launched in the period and active developers of the locality? If one has to buy properties there what will be the per square feet rate?

Cabinet's signal to invite bids on infrastructure projects using Swiss Challenge method
Q: YES, it is true. The method had been approved by the Supreme Court and the Central Vigilance Commission.

Latest Answer: Hi everybody! Still, there were risks related to transparency or fair competition, the method was useful where governments had limited technical and financial capacity to develop projects. Presently, 5-states including Madhya Pradesh, Rajasthan, Punjab, Gujarat, and Andhra Pradesh have taken steps to implement the Swiss Challenge method.

IDFC substitutes to buy operational road projects
Q: IDFC substitutes have the intention to invest Rs.4000 crore in infrastructure projects across power, roads, ports and airports over 18-24 months.

Latest Answer: @Saras,,,,, It is absolutely right that from the beginning of 2014 till date, private equity and venture capital firms and angel investors have invested a total of $1861.62 million in 50 projects across roads, ports, power and renewable energy.

IVRCL to sell Rs1000 crore assets to reduce its debt
Q: Last year, company's Chairman said that the company had put Rs.4000 crore worth of assets on the block and was expecting to exit its debt troubles within 2 yrs.

Latest Answer: Good morning everybody!!!! VRCL holds a 75% share in CWDL, while Befesa, a unit of Spanish energy, transportation and telecommunication conglomerate, Abengoa SA, owns the remaining 25%. In its annual report for the year ended 31 March 2015, IVRCL noted that both sales were still in the discussion phase and expected to be closed soon.

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