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Saturday, December 13, 2014

Smart city for business analytics proposed in West Bengal



The Bengal Chamber of Commerce and Industries (BCC & I) took the initiative to launch a smart city for business analytics in West Bengal, a first of its kind in the country. The West Bengal government will support this project.

BCC & I has already identified a 250-acre land on the Kalyani Expressway for the project.

While speaking to reporters during a summit on business analytics in the Kolkata, the state minister for Urban Development and Municipal Affairs Firhad Hakim said, "It's a new concept and first of its kind in the country. Lots of land are there in Kalyani. I've heard many townships have been planned there... Knowledge City and other townships. These are not agricultural, but marshy land,"

He further said that "The Analytics Hub will be a private initiative with government support. The government will give the permission and if successful it will open up a new horizon... If we can do it here then West Bengal will be the first state to host such a city in the country,".

The state's Finance and Industry minister Amit Mitra also welcomed the initiative said "availability of land will not be a problem for the project."

Debashis Sen, Chairman, State Housing Infrastructure Development Corporation (Hidco) also welcomed the move of the Chamber.

The president-elect of BCC & I, Mr. Ambarish Dasgupta, who is also the head of the management consulting at KPMG Advisory Services, said "We have been talking to the state government for the land. It has suggested that 250-acres could be made available for the project in that area."

According to the outgoing president of BCC & I, Mr. Kallol Datta, the the project is expected to attract investments in between Rs 3,000 - Rs 5,000 crore besides, generating thousands of employment.

Thursday, November 13, 2014

Mumbai-based realty portal Makaan.com may sell or form JV with MagicBricks or Quikr



By Biswarup Gooptu, ET Bureau

NEW DELHI: People Group, which owns and operates real estate portal Makaan.com, has entered into talks with potential buyers, to sell the venture, at a time when the country's online property space is being seen as the next battleground for global risk capital and strategic investors. 
MagicBricks. com and online web and mobile classifieds company Quikr are among those believed to have held early-stage discussions with the promoters of Makaan.com, according to two sources with direct knowledge of the development.
A potential transaction could see promoters of Mumbai-based venture, either outright sell its entire stake, or enter into a joint venture with a new backer, which could see the promoters divest up to 50% of their ownership, and which will also have a long-term payout component built into the agreement.
Anupam Mittal, the founder and promoter of People Group, declined to speak on the developments, while emails sent to Magic-Bricks.com and Quikr did not receive any responses at the time of writing the story.
Separately, Info Edge, which owns real estate portal 99Acres, and was speculated to be in talks with promoters of Makaan, denied they were looking to pick up a stake in the venture. Info Edge, which owns a clutch of Internet properties, had raised Rs 750 crore through a qualified institutional placement in September.
According to some reports, Info EdgeBSE -0.25 % planned to use the proceeds for potential acquisitions for 99Acres. Mittal, who owns about 80% of the property website, runs a slew of internet properties, such as matrimonial website Shaadi.com and mobile media company Mauj.com.
The People Group is backed by risk capital investors, such as Sequoia Capital, Saama Capital, Intel Capital and Citibank.
India's online real estate has been attracting substantial attention from risk capital investors, drawn by the massive demand for housing, combined with increased internet penetration, especially on the mobile platform.
"They're now the primary source of visibility for consumers and have become default search parameters. This is only going to get bigger, especially in a country the size of India," said Anuj Puri, chairman and country head for realty services consultancy JLL India.
Source: News Published at the Economic Times

Saturday, November 8, 2014

Raj focusing on infrastructure to boost tourism



By PTI |

Better residential and other basic facilities will be created in villages

Jaipur: Noting that tourism plays a significant role in development, Rajasthan Chief Minister Vasundhara Raje said her government was focusing on improving the infrastructure of the state to give the sector a boost.

This will take the state to new heights at a greater pace, Raje said while speaking during a presentation at her office.

The presentation, given by a firm, was aimed at exploring possibilities for development of tourism in the state.

Tourism is the key to the state's advancement, Raje said, adding that proper planning is required for this.
The Chief Minister underlined the need to connect tourism with rural traditions, folk arts and handicrafts that fortifies tourism and generate employment opportunities for the local youth, according to a release.

Raje said better residential and other basic facilities were needed to be created in villages for the tourists to stay, experience and enjoy the rural life in its native form.

The Chief Minister said her government was focusing on infrastructure development to boost tourism.
Chief Secretary Rajiv Mehrishi, Member of Chief Minister's Advisory Council Mira Mehrishi, Additional Chief Secretary (Infrastructure) C S Rajan, Principal Secretary (Finance) P S Mehra, Principal Secretary (Tourism) Shailendra Kumar Agarwal, Secretary (Planning) Akhil Arora and Director (Tourism) Vikram Singh were among those present in the meeting. See more at: igovernment.in

Tuesday, October 21, 2014

NRI landlord needn’t prove ownership to evict tenant, says SC



NEW DELHI: Non-resident Indians cannot be asked to prove ownership of their property to get their tenants evicted, the Supreme Court has said while overruling a high court order.

"If ordinarily a landlord cannot be asked to prove his title before getting his tenant evicted on any one of the grounds stipulated for such eviction, we see no reason why he should be asked to do so only because he happens to be a non-resident Indian (NRI)," a Supreme Court bench said.

The court was ruling on a case from Punjab where an NRI returned and wanted to vacate a shop he had rented out as he wanted to start a business. The tenant contested the NRI's title to the shops and won a case in the lower court, and a high court bench subsequently upheld the ruling of the rent controller.

On Tuesday the top court ruled in the NRI's favour. "Section 13-B is a beneficial provision intended to provide a speedy remedy to NRIs who return to their native places and need property let out by them for their own requirement or the requirement of those who are living with and economically dependent upon them. Their position cannot, therefore, be worse off than what it would have been if they were not NRIs," it said.

Justices TS Thakur and C Nagappan said the law entitles an NRI who returns to India to demand eviction of any residential or non-residential building let out by him, if it is required for his use or his dependant.

However, the right to seek the tenant's eviction is available only after five years from the date of such NRI becoming owner of any building. This is also subject to the condition that any such right shall be available to an NRI owner of the premises only once during his life time.

"The courts below fell in manifest error in holding that the appellant-landlord was obliged to prove his title to the property, no matter the tenant clearly admits existence of...relationship of landlord and tenant between him and the appellant (NRI). We have...no hesitation in reversing the view taken by the courts below and in decreeing the eviction petition," the bench said in its order.

The court asked the tenant to vacate the premises by March 31, 2015, subject to the condition that he clears his rent arrears in six weeks and submits an undertaking in court that he would clear out by that date. If he fails to abide by these, the eviction decree can be executed right away, it said.

The said shop in a building is situated at Banga Road, Phagwara and was let out to a tenant by an NRI who was born and brought up in India but decided to return to India in 2002 after spending 30 years in the UK with the intention of settling down and establishing a hotel at Phagwara his home town.

He filed an eviction petition under Section 13-B of the East Punjab Urban Land Restriction Act, 1949, stating that he was an NRI and needed the shop for his own use and was hence entitled to get it vacated.

The tenant opposed the eviction plea on the ground that the landlord was not an NRI. The tenant also claimed that though he was a tenant in the shop, the sale deeds relied upon by the landlord respondent did not relate to the underlying land.

The rent controller ruled in the tenant's favour by an order passed on November 5, 2004, and dismissed his eviction petition on the ground that he failed to prove his ownership over the premises for a period of five years before the filing of the eviction petition as mandated under the law.

He also ruled that deposition of witnesses appearing on the NRI's behalf did not satisfactorily prove that the building comprising the shops was constructed on land purchased by him in terms of the two sale deeds produced by him.  Source:  Times of India

Sunday, October 19, 2014

France keen to invest in creation of smart cities in Himachal



By PTI |
 
State aims to develop major towns like Shimla, Manali and Dharmashala as Smart Cities

Shimla, October 17: France is keen to invest in developing 'smart cities' and other urban development projects in Himachal Pradesh and looking forward to invest in the state, French Ambassador to India Francois Richier said.


The Ambassador, who led a delegation to meet the state's Chief Minister Virbhadra Singh and other concerned ministers and officers, impressed that France is keen on developing Smart Cities having adequate infrastructure and facilities like proper water treatment, waste management, urban transport and street lighting in the state.

The delegation deliberated upon various issues pertaining to advanced technologies for developing energy and power projects for Smart Cities in the state.

The delegation interacted on issues related to transport solution and mobility, technical solutions for waste collection, urban transportation and re-cycling, appropriate technology for introducing decentralised seepage management system, etc.

The Chief Minister said the state intended to develop major towns like Shimla, Manali and Dharmashala as Smart Cities and the French government had shown its keenness to adopt the towns and the State government would take up this matter with Ministry of Urban Development Government of India.

The Chief Minister assured the French delegates to study the proposals and seek their valuable and technical expertise as and when required.

Francois Richier said: "We can provide solution to Himachal Pradesh in urban infrastructure, especially urban transport, water and waste management and urban lighting and the state could also collaborate with France in developing smart cities.

According to Richier, several French companies are already working in India for development of better urban infrastructure and metro is one of them.

"In Himachal, the construction of metro is not feasible and our focus here is on developing ropeway and metro cable.

We fully agree with the importance of providing environment- friendly transport system, which helps cutting consumption of fossil fuel and lowers impact on climate change and melting of glaciers," he said.

He said there was vast potential to develop renewable energies and tourism in the state.

The other members of the delegation were Jean-Rene, Minister Counsellor and Head of Regional Economic Services for South Asia, Ilika Mann, Counsellor for Regional and Legal Relations, Embassy of France, Ms Fanny Herve, Counsellor Sustainable Development, Embassy of France, Ms Camille Severac, Project officer, French Development Agency in India (AFD) and other delegates specialised in the field of Urban Development and Solar Energy. Source: www.igovernment.in