Union government
In a recent statement made in the Karnataka State Secretariat, Vinay Kumar Sorake – Karnataka’s Minister for Urban Development – said that the State would prefer to develop or upgrade existing towns and cities as ‘smart cities’ instead of creating new greenfield cities. With the Union Government not having laid down any guidelines or formula [...] Continue Reading »
The Union Government has apparently decided to commence negotiations with Peru to work out a free-trade agreement (FTA) with the country. The move will give a notable boost to the bilateral relations between India and Peru, and will also make Peru a gateway for the expansion of India’s trade and investment alliances, particularly in the [...] Continue Reading »
With several highway projects failing to find any takers in India, the Union Government is hopeful that the stuck highway projects in the country will probably be rescued by international infrastructure firms, especially those based in China and Malaysia. Towards that end, India’s Road Transport and Highways Ministry – which is headed by Nitin Gadkari [...] Continue Reading »
In an announcement made in Mumbai on Tuesday, Union Urban Development Minister Venkaiah Naidu said that the Union Government is ready to give its requisite approval to a ring metro rail service for the city, as well as its neighbouring areas like Thane, if the Maharashtra Government moves such a proposal. Naidu reiterated the Union [...] Continue Reading »
The Union government apparently has efforts underway to set up an all-powerful specialized agency which will shoulder the responsibility of planning resettlement as well as rehabilitation of families displaced by land acquisition. According to unidentified sources familiar with the matter, the new board to be set up by the government to chart out resettlement and [...] Continue Reading »
At a meeting held in New Delhi on Tuesday, the Union Urban Development Ministry and Delhi government decided to work out an action plan, with new guidelines, for the regularization of all illegal colonies in the city. The task will be accomplished over the next few months, ahead of the assembly polls in Delhi. 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 Union Govt earmarked an amount of Rs 7,060 crore, in the Budget 2014-15, for developing 100 smart cities in the coming years; thereby underscoring that efforts are underway to revive the country’s infrastructure investment. For achieving its plans with regard to infrastructure investment, the Govt will consider existing models like public-private partnership and infrastructure [...] Continue Reading »
The home-loan figures released by home financiers for the first quarter of fiscal 2014-15 have revealed that potential home buyers are no longer postponing their decision to purchase a home. According to the statistics shared by mortgage bigwig HDFC, the company witnessed a year-on-year growth of 23 percent in its retail home loan book during the [...] Continue Reading »
The Union Government’s Mission of Low-Cost Affordable Housing aims to support the construction of residential units for 7 crore families. For the actualization of the new scheme, the Government plans to make loans available at lower rates of interest. The Government is hopeful that the interest rates for realty developers will decline, due to the [...] Continue Reading »
