Setting a precedence, the commerce ministrys board of approval (BoA) on special economic zones (SEZs) on Friday granted an extension of an in-principle approval to Orion Infrastructure Pvt. Ltd even though the developer approached the board 20 days after the expiry of the validity period.
Orion proposes to build an SEZ for information technology firms at Bandhwari near Gurgaon, Haryana. The developer has submitted that it has acquired the entire 130 ha of land for the project. It had obtained the approval in 2006.
An SEZ is an enclave aimed at increasing investment and exports. Companies based in SEZs are eligible for tax and other incentives.
More : livemint.com
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SOuth Delhi-Sarita Vihar, Siddarth Extension 1200-1500
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A jury awarded $5 million to a group of Colton property owners on Thursday, finding San Bernardino County liable for lost value on their property due to a 10-year delay in completing a road project.
The jury award included $3.38 million for taking the plaintiffs' property rights, $1.175 million for lost opportunities during the 10-year-delay and $578,014 in interest.
Michael Kehoe, an Irvine attorney representing the property-owners who include Howard Wells and Duke Hill, called it a "great verdict" for his clients.
Moe : pe.com
