Latest news with #DLP
News18
an hour ago
- Politics
- News18
Rise in road accidents due to human error, utility-infra works: Goa CM
Panaji, Aug 1 (PTI) The rise in road accidents is primarily due to human error and ongoing utility-related infrastructure works, Goa Chief Minister Pramod Sawant said in the assembly on Friday. Responding to a calling attention motion tabled by Leader of Opposition Yuri Alemao and other MLAs, Sawant said road infrastructure development is a continuous process which involves not only construction and improvement but also coordination with multiple departments for laying utilities such as water supply, electricity, telecom and sewerage. 'During this process, roads are often damaged but are later restored to a motorable condition. In most cases, the poor condition of roads is a result of utility works. However, maximum efforts are being made to mitigate the inconvenience to road users," the CM said. 'Road safety is a shared responsibility among all stakeholders. Most accidents are caused by human error such as rash and negligent driving, drunken driving, and overspeeding," he asserted. The CM said the Public Works Department (PWD) had taken several measures in compliance with Supreme Court Committee on Road Safety guidelines, including restoration and maintenance of crash barriers, construction of standardised speed breakers and rumble strips, imposition of speed limits, installation of traffic signboards and road markings, and median plantations. 'Show cause notices have been issued to several defaulting contractors, and repairs at various locations have been carried out under the Defect Liability Period (DLP) at the contractors' own cost. Regular road maintenance is being undertaken to ensure smooth and incident-free vehicular movement across the state," the CM told the House. PTI RPS BNM view comments First Published: August 01, 2025, 21:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Forbes
3 days ago
- Business
- Forbes
Real Estate Set To Soar After Trump's One Big Beautiful Bill
WASHINGTON, DC - JULY 04: U.S. President Donald Trump, joined by Republican lawmakers, signs the ... More One, Big Beautiful Bill Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025 in Washington, DC. After weeks of negotiations with Republican holdouts Congress passed the One, Big Beautiful Bill Act into law, President Trump's signature tax and spending bill. The bill makes permanent President Donald Trump's 2017 tax cuts, increase spending on defense and immigration enforcement and temporarily cut taxes on tips, while cutting funding for Medicaid, food assistance and other social safety net programs. (Photo by) The One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4, 2025, is not without its critics. From concerns about ballooning deficits to controversial cuts to Medicaid, many see the legislation as a step backward. However, for those in the commercial real estate industry, the bill is a potential game-changer. New tax provisions offer clarity and long-term stability for developers and investors, setting the stage for what could be the next major boom in the sector. While the provisions of the OBBBA will have significant implications for the entire commercial real estate market, two sectors stand to benefit particularly: low-income multifamily housing and industrial development. A Permanent Boost for Affordable Housing There is a growing housing shortage in the United States, especially in the low-income end of the market. The lack of affordable units drives homelessness, deepens poverty, strains public services, and weakens the economy by limiting workforce mobility and long-term social stability. The OBBBA specifically targets this crisis with the new incentives and provisions to jumpstart development. According to DLP Capital, a private real estate investment company specializing in affordable housing development, the gap between qualified income and actual income has grown to 54.6% from -3.7% since 2021. DLP believes the new incentives will have a significant impact on the market. "The OBBBA may be the most pro-housing CRE legislation in a generation," says DLP's head of growth, Bo Parfet. The OBBBA includes a significant boost to the Low-Income Housing Tax Credit program, which is the nation's primary tool for creating affordable housing. Before the OBBBA, it operated with annual allocations that were subject to congressional approval and extension. While effective, this approach created uncertainty for long-term project planning and limited states' ability to address the housing shortage with consistent, predictable funding. The OBBBA provides a permanent 12% increase in the annual amount of 9% LIHTC allocations. Another provision created under the OBBBA is the Fast-Track Permitting Fund, which allows developers to pay a fee to expedite federal environmental reviews under the National Environmental Policy Act. This fund is particularly beneficial for low-income housing projects that rely on federal funding or tax-exempt bonds, as it helps reduce delays that often derail or inflate the development costs. By streamlining the approval process, the fund enables affordable housing projects to meet financing deadlines more easily, improve predictability, and bring much-needed units to market more quickly. The hope is that the Fast-Track Permitting Fund will put political and market pressure on states and cities to follow suit, further reducing bottlenecks. The lengthy permitting process is often a deal-killer for developers, and reducing the timeline to construction should improve investment returns. "Multifamily—especially workforce housing—is the clear winner. More deals will move forward, faster," says Parfet. In addition to adjustments to the Low-Income Housing Tax Credit program and the introduction of the Fast-Track Permitting Fund, changes to opportunity zones are also expected to fuel growth in affordable housing. The Qualified Opportunity Zone program, designed to incentivize long-term investments in low-income communities, was created with a sunset date of December 31, 2026, for capital gain deferral. The OBBBA makes the deferral feature permanent. It also introduces new 10-year designation periods for new zones, starting in 2027, and includes provisions for rural opportunity zones with enhanced benefits. The introduction of rural opportunity zones should help direct capital into underserved rural areas, potentially spurring new industrial and multifamily developments in these regions. Investors who may have been hesitant due to the previous program's limited lifespan will likely re-evaluate Qualified Opportunity Zone projects, leading to new capital flowing into underserved communities and regions. Ben Reinberg, CEO of real estate investment firm Alliance Consolidated Group of Companies, believes the new legislation will re-energize OZ investments. "For long-term investors looking to reduce exposure and amplify yield, OZs just became very relevant again," he says. Massive Incentives For Domestic Manufacturing The Trump administration has made domestic manufacturing a central focus, using tariffs to try to shift supply chains and incentivize production at home. The OBBBA complements that strategy, combining new tax incentives with the renewal of other programs to accelerate industrial development and attract capital back to U.S. soil. The biggest incentive in the bill targets Qualified Production Property. Before the OBBBA, nonresidential buildings, such as factories, were typically depreciated over a lengthy 39-year period. While equipment and other tangible personal property qualified for bonus depreciation, the buildings themselves did not. The OBBBA introduces a new, temporary provision that allows for a 100% immediate deduction of the cost of QPP. To qualify, construction must be completed before January 1, 2029, and the property must be placed in service before January 1, 2031. QPP excludes offices, administrative areas, lodging, and parking within the building. The ability to immediately deduct the cost of eligible manufacturing facilities provides a powerful tax incentive. The QPP provision should stimulate the construction of new factories, assembly plants, and processing facilities across the U.S., encouraging companies to reshore production from overseas or nearshore from other countries to the U.S. The growth of manufacturing facilities should lead to increased demand for other logistics assets such as distribution centers and warehousing. "The opportunity lies in overlooked industrial corridors, characterized by land availability, low regulation, and favorable tax structures," Reinberg notes. "Industrial CRE is the sleeping giant. This bill just woke it up." Permanent 100% bonus depreciation, which allowed businesses to deduct the full cost of eligible qualified property immediately, was also introduced in the OBBBA. The previous law had 100% bonus depreciation phasing down. For property placed in service in 2025, the rate was set at 40%, declining further in subsequent years. The phase-down created urgency for capital expenditures to take advantage of the higher deduction rates. Another positive provision for commercial real estate is the change to the deductibility of interest costs. The previous law restricted the deduction of business interest expense to 30% of adjusted taxable income and excluded the add-back of depreciation and amortization from the calculation, lowering the amount of deductible interest for capital-intensive businesses. The OBBBA permanently amends the calculation for the business interest expense limitation to include depreciation and amortization. By including these expenses in the determination of adjustable taxable income, real estate businesses will generally be able to deduct a larger portion of their business interest expense, increasing cash flow and improving the overall profitability of debt-financed projects. In a higher-interest-rate environment, this change makes borrowing more attractive. The Revival of Commercial Real Estate The OBBBA is undoubtedly positive for the commercial real estate market. By enhancing incentives such as 100% bonus depreciation, LIHTC, fast-track permitting, and opportunity zones, the OBBBA can provide clarity and predictability to investors and developers, ultimately helping to address the affordable housing problem. Meanwhile, the new Qualified Production Property deduction is expected to reinvigorate the industrial market and promote domestic manufacturing. The OBBBA is indeed beautiful, especially for commercial property.
Time of India
25-07-2025
- Business
- Time of India
Decks cleared for recarpeting of bad roads in Panchkula
1 2 Panchkula: The long-delayed recarpeting of several road stretches in Panchkula is finally set to begin, following the resolution of issues related to the defect liability period (DLP). These roads, which were earlier under the jurisdiction of the municipal corporation (MC), had been transferred to the Panchkula Metropolitan Development Authority (PMDA). Despite their poor condition, the recarpeting work could not be initiated earlier because the roads were still under the DLP, during which the original contractors were responsible for repairs. Initially, PMDA planned to start the recarpeting work, but civil society groups raised objections, insisting that the MC should ensure the contractors fulfilled their obligations under the DLP. As a result, the matter remained unresolved. However, with the DLP now officially over, PMDA has begun the tendering process to carry out the work. A PMDA official confirmed to TOI that the tendering process would be completed soon and that the recarpeting work would commence after the monsoon season. The roads identified for recarpeting include stretches between Sector 1/4, 3/4, 4/6 (Dolphin Chowk), 25/26, 17/18, 7/18, the underpass near Gurudwara Koohni Sahib to Mata Mansa Devi Temple, and the road from the Sector dumping ground to the new Ghaggar bridge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gentle Japanese hair growth method for men and women's scalp Hair's Rich Learn More Undo In Panchkula, the PMDA is responsible for sector-dividing and external roads, while the inner roads of sectors remain under the MC's jurisdiction. According to PMDA data, out of 47.29 km of outer roads under its control, Rs 31.92 crore was sanctioned for the special repair of 32 roads covering 25.54 km. Work on 21.72 km has already been completed, and repairs on the remaining stretches are under way. Officials noted that the completed repairs have significantly improved traffic movement and safety. However, due to the DLP, work on several key stretches had been stalled until now.
Hans India
24-07-2025
- Politics
- Hans India
High-tension wires passing over residential areas will be removed: Haryana CM
Chandigarh: Haryana Chief Minister Nayab Singh Saini, while making a series of announcements for the Badhra Assembly constituency, on Thursday, said high-tension electricity wires passing over residential areas will be removed. For this job, Rs 3 crore will be provided to the Electricity Department, and the government will bear the entire cost. In addition, the Chief Minister announced that a new grain market will be established in Badhra once suitable land is made available. He also announced the construction of a vegetable market in Hadouda village, subject to feasibility assessment, and the inclusion of Jhojhu Kalan village under the Mahagram Yojana. These announcements were made at a public meeting at Jhojhu Kalan in Charkhi Dadri district. On this occasion, Irrigation and Water Resources Minister Shruti Chaudhary, Member of Parliament Dharambir Singh, among other dignitaries, were present. CM Saini announced that the consolidation work of certain villages in the constituency, which is currently pending, will be completed at the earliest. He said a veterinary hospital will be established in Patuwas village once suitable land is available. He announced that Badhra will be granted the status of an electricity division, and an electricity office will be constructed for which Rs 3 crore has been sanctioned. In addition, after conducting a feasibility assessment, the Badhra Public Health subdivision will be upgraded to a full division. Announcing plans to upgrade the Kaliyana-Dadri road to a four-lane highway, the Chief Minister said the project will proceed after the feasibility study. Responding to the demand for granting sub-tehsil status to Jhojhu Kalan, he said an application should be submitted to the committee constituted by the government for such matters. Furthermore, he announced that a fire station will be set up in Badhra after a feasibility assessment. The government schools in Mahrana and Dhani Phogat villages will also be upgraded to the senior secondary level following a feasibility review. CM Saini, while announcing measures to strengthen the road network in the constituency, said 100 roads covering a total length of 311.20 km, currently under the Defect Liability Period (DLP), will be repaired. He also announced Rs 20.40 crore for the repair of 12 PWD roads spanning 48.31 km. Special repairs will also be carried out on five roads measuring 13.80 km under the Marketing Board in the Badhra area.
Fashion Value Chain
24-07-2025
- Business
- Fashion Value Chain
Rodic Consultants Announces ‘Rodic Advisory & Technology' to Power Data-Driven Governance
Rodic Consultants, a leading engineering and digital infrastructure consulting company, today announced Rodic Advisory & Technology, a new strategic vertical designed to drive informed, data-led policy and governance decisions. This move marks a significant milestone in the company's journey toward shaping the future of infrastructure and governance through policy innovation, strategic advisory, and implementation excellence. Mr. Raj Kumar, Chairman & Managing Director – Rodic Consultants Envisioned as a dedicated think-tank, Rodic Advisory & Technology will partner with government, multilateral institutions, and public sector bodies to drive transformative reforms across infrastructure development, asset monetization, urban planning, and sectoral policies. It will combine digital intelligence, engineering depth, and institutional fluency to offer a new model of public sector advisory, one that's grounded in data, built for implementation, and aligned with India's evolving policy priorities. The new vertical will offer services across key verticals including: Data-driven Advisory by transforming real-time operational data into actionable insights for informed decision-making Transaction Advisory including asset valuation, bid process management, and PPP structuring Policy & Strategy Advisory covering regulatory frameworks, institutional reforms, and sectoral roadmaps Technical & Implementation Advisory such as project monitoring, quality audits, and PMU/PMC support 'Rodic Advisory & Technology is a bold step in our journey from building infrastructure to influencing how infrastructure is governed,' said Kumar, Chairman & Managing Director, Rodic Consultants. 'Over the years, our digital platforms have captured real-time insights from the ground and now we are turning that data into direction. Rodic Advisory & Technology brings together our engineering depth and digital intelligence to deliver a new kind of advisory that's informed, execution-aware, and rooted in evidence,' added Kumar. Turning digital systems into policy action, Rodic implemented a state-wide digital platform under the Bhavya health project in Bihar. The system flagged that doctors were working erratic shifts in the absence of a roster system. That insight surfaced from live data-led the state government to introduce a model roster policy adapted from another region. Similarly, Rodic's digital platform now monitors over 13,000 kilometers of road assets in Bihar. Contractors are ranked based on performance during the Defect Liability Period (DLP). These rankings, grounded in on-field metrics, are already shaping new contractor tiering systems with high performers getting preferred terms and low performers flagged for closer scrutiny. Building on Rodic Consultants' 25-year legacy, 170+ transformative projects, the new advisory arm combines the credibility of real-world delivery with the clarity of data. With capabilities spanning infrastructure strategy, digital transformation, and program design, the firm will focus on key growth areas such as Urban Development, Water and Sanitation, Digital Health, Education Infrastructure, and Governance Reforms. About Rodic Consultants Pvt. Ltd. Founded in the year 2000, Rodic Consultants stands as a leading engineering consultancy in India, renowned for its innovative solutions covering diverse infrastructure projects across sectors such as Highways, Bridges & Tunnels, Power & Energy, Railways & Metros, Urban, Water & Hydropower and Tech Innovations. With a strong pan-India presence supported by 38 offices and over 170 successful projects to its credit, Rodic Consultants demonstrates its capacity to manage and execute complex projects. Employing over 2000 dedicated professionals, Rodic Consultants is committed to transforming infrastructure development through cutting-edge technologies. By integrating advanced technologies, the company ensures precise and efficient project execution, for data driven decision making. For more information, visit
