#RealtyNewsRoundUp: Jewar Airport To Benefit Cities In Neighbouring States, Says PwC
Description
The proposed international airport at Jewar in Greater Noida will not only bring places in Uttar Pradesh closer to the national capital region but also benefit locations in neighbouring states, a techno-economic feasibility report by PricewaterhouseCoopers (PwC) has stated. The PwC report stated that when the airport starts functioning, cities such as Shimla, Ludhinana, Pathankot, Gwalior and Adampur would be benefitted by it. Meanwhile, the Yamuna Expressway Industrial Development Authority is likely to approve a plan to connect the upcoming airport with Sarai Kale Khan in the national capital through a rapid rail transport system. The development authority may finalise the pan its coming meeting on May 7.
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As electricity reached Manipur’s Leisang village on the evening of April 28, India completed the electrification of all of its villages after over 70 years of Independence. Government data show by April 1, 2015, India had about 18,452 un-electrified villages. Till April 28, 2018, India managed to electrify close to 16 and a half villages every day.
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The Reserve Bank of India’s recent move to ease external commercial borrowings (ECB) norms would ensure housing finance companies have enough money to lend to India’s real estate developers. Under the expanded scope of ECB, HFCs will be able to borrow from oversees without having to seek an approval from the central bank. The RBI has also increased the ECB liability-to-equity ratio to 7:1 on direct borrowing from foreign entities from the earlier 4:1. This relaxation means HFCs will be able to borrow more, and lend more, in turn. Earlier, the liability-to-equity ratio for borrowing directly from a foreign lender was 4:1.
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India's largest real estate company DLF is planning to launch its qualitative institutional placement in June for raising Rs 4,000-4500crore through sale of shares to institutional investors as part of its objective to become a debt-free company.
Source: Media reports