#RealtyNewsRoundUp: Andhra Best State To Do Business

Andhra Pradesh continues to be the best state to do business while Gujarat slipped two positions to rank fifth in the ease of doing business ranking prepared by the World Bank and the Department of Industrial Policy and Promotion. Meghalaya, Lakshadweep and Arunachal Pradesh were ranked at the bottom for not doing anything to improve business climate.

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The Uttar Pradesh government on July 11 approved various proposals submitted by shortlisted builders for different packages of the Purvanchal Expressway Scheme, which will be implemented through EPC (engineering, procurement and construction) model. Prime Minister Narendra Modi will be laying the foundation stone of the expressway, which is likely to be constructed by 2021. 

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An empowered committee, set up by the Uttar Pradesh government to resolve problems of homebuyers in Noida and Greater Noida, was likely to come up with a solution within six months, Union Housing and Urban Affairs Secretary Durga Shanker Mishra said on July 11. Mishra, who is the chairman of the committee, said he would meet all the stakeholders, including homebuyers, bankers and builders separately, to listen to their issues. 

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Thirty-seven years after the Centre scrapped a land allotment scheme for non-resident Indians (NRIs) in the national capital, the Delhi High Court has directed it to pay compensation to 26 NRIs for "depriving them of land in the country of their birth". The scheme was floated by the government in February 1978 for land in Delhi to NRIs to build a residential house, and it was dropped in 1981, in 'public interest'.

Source: Media reports