Urban development ministry
The urban development ministry is proposing for an important change in the foreign direct investment (FDI) policy for construction sector, which will permit foreign investors to purchase farm land in India. There has been a proposal to relax the FDI rules for construction and housing by the Department of Industrial Policy and Promotion (DIPP). It has suggested that a company owned and [...] Continue Reading »
The Delhi Development Authority (DDA) is planning to make a new provision in the Master Plan 2021 for introduction of studio apartments and service apartments. As per the proposal, studio apartments will be allowed to come up in residential zones while service apartments will be restricted to commercial centers. According to the DDA’s proposal, it would [...] Continue Reading »
Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) will soon be allotted a huge land of 130-acre prime land which is adjacent to the Indira Gandhi International Airport ( IGIA) for constructing a complex that would include a convention center, hotels and luxury housing/service apartments. The company wants to construct the complex in the land of 100 [...] Continue Reading »
New Delhi: Delhi Metro network is likely to connect Sonepat and Greater Noida as a parliamentary panel has directed the Urban Development (UD) ministry to work towards it. The Urban Development ministry should discuss with Delhi Metro Rail Corporation (DMRC), Delhi and Haryana in this regard, suggested a report submitted by the Standing Committee on [...] Continue Reading »
Uttar Pradesh government has approved the two proposed routes of the Metro rail project in Noida. The two routes will be built as elevated corridors – a 3.9-km route between Kalindi Kunj and Botanical Garden and a 6.7-km City Centre-Sector 62 link. The total expense estimated for the project is around Rs 2,660 crore. The [...] Continue Reading »
The new land pooling policy is likely to be tabled for approval at a meeting of the Delhi Development Authority (DDA). This move aims to encourage the active involvement of private sector. The government agencies are considering this as an alternative to land acquisition. The land policy so made is based on optimum utilisation of [...] Continue Reading »
New Delhi- The Union Budget has allocated budget of Rs 7,701 crore to Delhi Metro in the Budget 2013-2014, for Phase-III metro construction in Delhi. In 2012-2013 fiscal, Rs 4,511.89 crore (Plan and non-Plan combined) was allocated to the Delhi metro. Union Budget has increased the allocation by Rs 669.23 crore under the 2013-14 Budget. [...] Continue Reading »
Delhi- An advisory committee reviewing land laws in Delhi has planned to allow the owners of small plots to merge land and make it a bigger space. The advisory panel on mid-term review of the Delhi Master Plan 2021 (MPD-2021) has recommended that only the plots with an area up to 64 square meters are [...] Continue Reading »
Delhi- One of the major reasons for acute shortfall of housing in Delhi is the lower floor area ratio (FAR) which does not allow high-rise apartments in Delhi. Thousands of high-rises with having 15 to 20 floors are found in Mumbai and National Capital Region (NCR), since the FAR value is high. But it is [...] Continue Reading »
If the government approves the plan by private developers to build high rise condominiums and 15 to 17 story buildings with all the modern amenities, then in the coming years, outer Delhi’s skyline may change. To make the development uniform and well planned, the government is planning to finalise the rule for “land pooling”. The [...] Continue Reading »
