100 smart cities
A senior official in the Ministry of Urban Development recently announced a good news which will bring a lot of cheer to the nation. He mentioned that the Government is likely to entrust the National Institute of Urban Affairs (NIUA), an autonomous body, with the task of overseeing the ambitious ‘100 smart cities’ project. The [...] Continue Reading »
The real estate developers hope that the move of creating 100 smart cities will help revive the sluggish housing market. Amid the indications that almost all the state capitals may be a part of the Union government’s 100 smart cities’ plan, the real estate developers are hoping that the list will be out soon. Umesh [...] Continue Reading »
The NDA government’s vision for India includes amongst other things, the creation of around 100 smart cities. As India struggles with infrastructure problems around a focus on smart cities is turning out to be one of the best ways forward to mend this. It is important however, to define a ‘smart city’. The three prerequisites [...] Continue Reading »
The ambitious plan of Prime Minister Narendra Modi to build 100 smart cities across the country is a major step towards a Digital India. India is looking forward to upgrading its urban areas and creating new world class cities. The prime minister is pro urbanisation and digitisation and recognition is given to technology in realising [...] Continue Reading »
Russian conglomerate Sistema JSFC is looking at smart city opportunities in India. After the Government’s decision to invest over Rs 7,000 crore in setting up 100 smart cities, many foreign investors have started showing interests in investing in India’s infrastructure sector. A company spokesperson stated that they are likely to start with one or two [...] Continue Reading »
The government wants to give a thrust to the nascent municipal bonds market. It has identified it as one of the ways to raise finances for infrastructure, including creation of 100 smart cities proposed in the FY15 budget. A government official mentioned that the government has options like PPP (Public- Private Partnership), infrastructure bonds, etc. [...] Continue Reading »
The Ministry of Urban Development has been getting a list ready for the features that can be installed when the work commences on the development of ‘100 smart cities’. The aforesaid was announced during the present years Union Budget. An amount of Rs 7,060 crore has been set aside for the development of these smart [...] Continue Reading »
The Union Budget, which was presented by Arun Jaitley, the Finance Minister on 10th of July, will help in boosting the business in the real estate industry. The Tax benefits that have been given in the hands of people, especially income tax exemption against the interest in housing loans, will help people in building a [...] Continue Reading »
The 2014 Budget proposals to allow FDI in the housing sector and tax incentives for REITs (Real Estate Investment Trusts) was welcomed with much joy by realty experts. They believe that by doing so, the chances for creating affordable housing will increase, and help improve investment flows. Announced by Finance Minister Arun Jaitley, the Budget [...] Continue Reading »
The present budget is very much real estate friendly and the realty experts today welcomed the Budget proposals to allow FDI in housing sector and tax incentives for REITs. The industry now is beaming with new hopes and feels that these measures will help boost affordable housing as well as improve investment flows. The Budget [...] Continue Reading »
