Jaipur Development Authority to regularise camps at PRN colonies from June 27
June 19, 2018

The Jaipur Development Authority (JDA) will set up camps from June 27 to regularise colonies in Prithvi Raj Nagar (PRN) scheme. Considering the Rajasthan High Court orders, a ban was imposed on regularisation until the time zonal plans were prepared. The regularisation camps will be constituted after the preparation of four zonal plans for orderly development. This project will represent an end to the prolonged wait of residents of PRN scheme. The JDA has released the schedule for organising camps that began on June 27 and continue till July last week. More than 25 colonies will be regularised in phase-I.…

Regularise illegal construction in Alandi by Sept 12: AMC
June 19, 2018

A deadline of September 12 has been set up by Alandi Municipal Council (AMC)  to regularise illegal construction in Alandi.  Last year, a notification was issued by the state government's urban development department under the Maharashtra Regional Town Planning Act for regularisation of construction in commercial, residential and industrial zones. Illegal buildings in red zones, blue lines of rivers, buffer zones and on hill slopes will not be regularised. The owners need to provide complete details of unauthorised construction approved by licensed architects to AMC by September 12, 2018. Property owners are also required to submit Google images of their…

Ludhiana civic body uploads maps to support town planning schemes
June 19, 2018

The civic authorities of Ludhiana have uploaded detailed maps of town planning (TP) schemes of the city and similar information on their official website. People can access the maps with a single click, instead of visiting Municipal offices. Soon, the process to accept online applications for building plan approvals will begin, and a requirement for a copy of the TP scheme plan will also be initiated. People can acquire the copy from the MC website, and avail it with online applications for building plan approvals.  The concept focusses on making people aware of the TP schemes of their respective localities.…

Uttarakhand HC halts construction work of roads and dams
June 17, 2018

On Monday, The Uttarakhand High Court put forward an order to hold the construction activities along river banks, including the development of roads and construction of hydroelectric power projects in the state. The construction is put on hold, till the disposal sites are identified and become operational. The order stated that The Ministry of Environment,  Uttarakhand Environment Protection & Pollution Control Board, Forest and Climate Change and Revenue Agencies, are aiming to identify relevant waste disposal sites that are 500 metres distant from the river banks for disposal of waste and excavated material. It further states that all the construction…

Kochi Metro to lease out 70% of commercial space for revenue generation
June 16, 2018

Kochi Metro authorities are expecting to lease around 70% of the total commercial space in metro stations in the next two months. This step is foreseen as a development that will help boost alternative revenue generation of the Kochi Metro Rail Limited (KMRL). Mohammed Hanish, Managing Director, KMRL, averred that various institutions, including leading banks, are leasing out space in some of the metro stations in the town. Five leading banks are in the process of signing agreements with them and a few of them have already signed for leasing out space for their corporate offices. Libraries and dormitories have also approached the metro authorities for the same. Other modes of alternative revenue such as allotting metro pillars for erecting billboards also seen as revenue generators. A police station near Cusat Metro station would soon be inaugurated. Solar power will be used to…

UP inaugurates Rs 235 crore Alambagh Bus Terminal
June 15, 2018

A new ‘world class’ bus terminal has recently been constructed in Lucknow at a cost of Rs 235 crore that boasts of amenities such as a shopping mall, gaming zone and six-screen multiplex. The high-end bus terminus has been constructed under a Public-Private Partnership (PPP) model by the Uttar Pradesh State Road Transport Corporation (UPSRTC) and Shalimar Group. It has air-conditioned waiting rooms and also offers inter-modal connectivity with a Metro station. Inaugurating the terminal, Uttar Pradesh CM Yogi Adityanath said that better transportation facilities are a must for holistic development of a city. Apart from a six-screen multiplex, the…

UAE commits investment worth $75 bn in Maharashtra infra projects
June 15, 2018

The United Arab Emirates' (UAE) key decision makers and business leaders have made investment commitments in infrastructure, ports and urban housing - including slum redevelopments projects to Maharashtra Chief Minister Devendra Fadnavis, who is on an official visit to Middle East, USA and Canada to attract foreign investments into the state. The CM along with the Indian Ambassador to UAE, Navdeep Suri, discussed investment opportunities in the state for Abu Dhabi Investment Authority (ADIA), which committed to investment worth $75 billion in India through the National Investment and infrastructure fun. The authority has partnered with several private banks including Kotak…

Ambala civic body extends deadline for depositing property tax
June 14, 2018

The Ambala Municipal Corporation has decided to extend the last date for depositing the outstanding amount of property tax till June 30, 2018. Earlier, the deadline for settling the pending property tax amount was May 31, 2018. All taxpayers depositing the due amount within the stipulated time will enjoy a waiver of 100 percent interest on the property tax. The deadline has been revised for all types of properties - commercial, residential and State government, informs Dharamvir Singh, Commissioner, Ambala Municipal Corporation. Officials have shared that owners of properties within the limits of the civic body, who have not paid…

Thiruvananthapuram banks focus on low-income sector
June 12, 2018

The credit-linked subsidy scheme (CLSS) under Pradhan Mantra Awas Yojana (PMAY) has not struck a chord with people belonging to middle-income groups. Owing to this, many lending institutions are now focussing on the economically weaker sections with many customised offers and simple norms.  PMAY loan Mela was organised by the city corporation last week after observing the change in the attitude of banks. The Project officials told that a total of 198 beneficiaries that belong to the economically weaker sections had been granted loans by financial institutions, which includes even new generation banks. On the first day of the loan…

Jaipur Development Authority sanctions 4 new housing schemes
June 11, 2018

In a project work committee meeting held on Friday, the Jaipur Development Authority (JDA) has given nod to four new housing schemes. Applications under the new schemes could soon be invited by the authority. A total of 1250 plots will be created under the housing schemes, of which, 496 plots measuring 42-120 sq m will be created while up to 300 plots measuring 92-162 sq m will be constructed under Dharam Vihar housing scheme in Jaipur tehsil. Around 269 plots measuring 45-72 sq m will be constructed under Kesar Vihar housing scheme in Sanganer tehsil while blueprints of 189 plots…

Warehousing: GST execution and infra status propel PE funding
June 11, 2018

Key government initiatives such as Make in India, implementation of the Goods & Services Tax (GST) and infrastructure status for the logistics sector including industrial parks, cold chains and warehousing facilities has helped in pushing demand and attracting private investment in logistics and warehousing sector across the country. According to Ramesh Nair, CEO and Country Head, JLL India, logistics and warehousing have witnessed Private Equity (PE) investments of Rs 15,000 crore since 2014 and has emerged as one of the biggest growth areas in recent times. The sector accounted for around 10 percent of the total PE investment in 2017…

Housing Minister: Guard against fraudulent activities in PMAY’s name
June 9, 2018

Speaking at a press conference, union housing minister Hardeep Singh Puri on Thursday requested homebuyers to remain cautious of ‘fly-by-night’ operators who are luring them in the name of Pradhan Mantri Awas Yojana-Urban in the National Capital Region. While responding to a query related to bogus developers offering flats under the flagship scheme, he asked people to verify all details before purchasing a home. Talking about the Smart City Mission, the minister averred that projects constructed under the scheme such as 'smart intelligence system' has led to a fall in crime against women and elderly. He added that as many…

UP govt to approve new authority for constructing industrial township in Gr Noida
June 9, 2018

The Uttar Pradesh government is all set to give the final approval to an administrative authority that will be responsible for constructing the proposed Integrated Industrial Township Greater Noida Limited (IITGNL) in Greater Noida, the launch of which was mooted two years ago. According to a proposal, the IITGNL is seen as the flagship project for the Delhi Mumbai Industrial Corridor Development Corporation Limited (DMICDC) and it will work towards creating a sustainable and smart community. KK Singh, General Manager, Greater Noida Authority, said that a new authority has been planned for this project as around 50 percent of the…

Madurai and Coimbatore will get a CMDA-like body soon
June 8, 2018

Madurai and Coimbatore will soon have a planning authority along the lines of CMDA. The effort is initiated to reduce the delays in issuing planning permissions. Officials said the idea was being discussed at the most significant levels of the government for cities having a population above 10 lakh.   Despite having Local Planning Authorities (LPAs), Coimbatore and Madurai require a development authority that would facilitate many projects including ring roads, bus terminals, wholesale market and all other amenities created in the Chennai Metropolitan Area by the CMDA. Based on the feedback, the idea could also be extended to cities like Tuticorin and Tirunelveli.  A retired professor of Urban engineering course from Anna University, K…

Centre to utilise sick PSUs land parcels for affordable housing
June 7, 2018

At a Union Cabinet meeting headed by Prime Minister, the government has sanctioned amended guidelines for time-bound closure of sick and loss making central Public Sector Undertakings (PSU’s) and the distribution of their movable and immovable assets. According to the guidelines, first priority is granted to utilisation of land of central Public Sector Enterprises (CPSEs) under closure for affordable housing as per the applicable guidelines of the Ministry of Housing and Urban Affairs. An official statement read that the amended guidelines would reduce delays in execution of closure plans of sick/loss making CPSEs. These guidelines will replace the guidelines issued…

President approves amendments in IBC ordinance
June 7, 2018

Giving a major relief to homebuyers, President Ram Nath Kovind on Wednesday approved an ordinance making amendments to the Insolvency and Bankruptcy Code (IBC), which will identify their status as financial creditors. An official statement read, ‘The President today (Wednesday) gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018.” Treating homebuyers as financial creditors would bring them at par with banks and other institutional creditors since they would now have a share in the money earned by sale of assets of bankrupt real estate companies. As per the government, the ordinance would grant homebuyers due representation in…

Hike in loan limits for Priority Sector Lending to benefit affordable housing
June 7, 2018

According to real estate experts, first-time homebuyers are anticipated to benefit from Reserve Bank of India’s (RBI’s) move to increase the loan limits for Priority Sector Lending (PSL) since it will allow them to opt for higher amount of loans at better terms and also prop up sales in affordable housing segment. Post RBI’s announcement, housing loan limits for priority sector lending will be revised from Rs 28 lakh to Rs 35 lakh in metropolitan centres with population of 10 lakh and above, and from the prevailing Rs 20 lakh to Rs 25 lakh in other centres, provided the total…

Vadodara: Civic body to release funds for completion of housing projects
June 6, 2018

The Vadodara Municipal Corporation (VMC) will be disbursing the additional amount of Rs 101 crore to complete the work on housing projects on which the civic body had carried out unauthorised extra construction in the past. The work on these projects had come to a halt when the irregularity surfaced and VMC stopped payment. The standing committee of the civic body has cleared the expenses for the extra work on these projects. An additional amount of Rs 44 crore will be dispersed in context to housing blocks at Atladara-Kalali, while the amount will be Rs 56.5 crore in case of housing blocks in Tandalja and Sayajipura. An additional amount of Rs 1.32 crore will also have to be paid towards consultancy of a project. On the recommendation of the civic body, the beneficiaries of these projects need to pay extra expenses. Under the Rajiv Aavas Yojna (RAY), VMC…

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