JNNURM
Bangalore Development Authority has dropped plans to take up “golden quadrilateral” project under PPP model due to financial crunch. BDA has decided to put on halt the much waited 25 kilometres elevated road corridor project. The project was to be taken under Public-Private Partnership (PPP) model. According to sources, the corridor would link Hebbal-BRV ground-Hennur-Central [...] Continue Reading »
The prices of residential properties in prime cities of India in the Jan-March 2013 quarter have witnessed an upward trend, shows National Housing Bank (NHB) residential index (Residex). NHB Residex records the movement in prices of residential properties on a quarterly basis. NHB Residex presently covers property price data of 20 cities on a quarterly [...] Continue Reading »
Surat: Three new projects have been sanctioned for Surat under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in order to provide better basic amenities to the residents of the city. The projects that the Surat municipal corporation (SMC) has been given the approval include a 50 million litres per day (MLD) water treatment plant [...] Continue Reading »
Minister of housing and urban development has announced the expansion of Chennai Metropolitan Area (CMA) which will now also cover Arakkonam taluk in Vellore district and entire Kancheepuram and Tiruvallur districts. Under this effect, a substantial portions of Kancheepuram and Tiruvallur districts will be included in Chennai Mega region. The existing jurisdiction of CMA was [...] Continue Reading »
A three-day international conference and exhibition took place in Delhi on ”Good Governance” regarding the challenges of rapid urbanization and expanding cities in order to provide enough space for the rapidly increasing population. The seminar was attended by many stakeholders and city developers from across the world. They shared their views on ways to build [...] Continue Reading »
Private equity (PE) investments in real estate are showing an uptrend in recent times despite the slump in real estate in India. As per Real Estate Investment Market Report by consultant Cushman and Wakefield, the trend in investments has rose to 7 percent in 2012 resulting in Rs 6,200 crore. Most of the investments were made in ready income generating [...] Continue Reading »
According to a research paper, it may take an entire generation to rid Ahmadabad of slums and re-house the 4.2 lakh households living in the slums. Factors like the existing policies and pace of work are also responsible for this. The research paper had a team of seven members who authored the working paper. It stated that the city’s housing stock increased [...] Continue Reading »
A report by Knight Frank Research has found that Technical Group on the Estimation of Housing Shortage has claimed that India has shortage in fresh supply of properties and the number has gone up to 18.78 million in 2012. The slum population is approximated at 94.98 million in 2012 which is more as against mere 1.6 million [...] Continue Reading »
Chennai- Finally the construction work of storm water drains across 20 key stretches will be resumed within this week. This project in Chennai was funded by Jawaharlal Nehru National Urban Renewal Mission (JNNURM). It was delayed for a long time as traffic police had fear of traffic congestion due to digging work at roads. But now they [...] Continue Reading »
Justice and Acting Chief Justice of High Court of Karnataka said that lack of logic in land laws is encouraging land mafia, mainly in urban areas. The existing Land Acquisition Act is the biggest enemy of the common man which has only encouraged land mafia through legislation. High Court Justice said that laws related to [...] Continue Reading »
