Delhi realty now in connection with highway projects
New Delhi has plans of expanding realty sales along with boosting viability of road and highway projects.
To balance realty fiscal stress, the government has introduced new scheme of ultra mega road projects (UMRPs).
The realty firms who accept these orders will be availed to develop real estate projects alongside the stretches.
Rs 20,000 crore will be marked on each UMRP wherein developers will have right to collect fees from the users of these roads for a time period of 30 years.
This project is counted as a key ingredient to pave way for positive development in real estate sector.
Source: The Financial Express
Delhi NCR, Developers, Government, New Delhi, Positive development in real estate sector, Real estate projects, Realty firms, Realty fiscal stress, Realty sales, Road projects, Ultra mega road projects (UMRPs), UMRP
[...] Delhi realty now in connection with highway projects [...]