The package, aimed primarily at home buyers and real estate developers, is expected this week
The proposal is part of efforts to enable fundraising by urban development bodies and other agencies which are similar to municipalities.
The Urban Development Ministry has proposed a six-fold increase in its ‘reform incentive fund’ to over Rs 3,000 crores annually, over the next three years, to push implementation of various schemes in the urban R
Good governance is the key to ensure that gains of urban development reaches all, and in making the cities resilient and sustainable, Union Urban Development Minister M Venkaiah Naidu said today.
Observing that India is blessed with "tangible and intangible" heritage assets with 32 World Heritage Sites recognised by UNESCO, he said the country ranks 5th in the world and 2nd in Asia in terms of number of such sites.
India’s future strategy for urban development intends to tap into the potential of rapid urbanisation for economic development, while at the same time addressing issues of sustainable development and climate change, announced Housing and R
Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu released the India Habitat III-National Report on World Habitat Day, ahead of the UN Habitat III Conference in Quito, Ecuador later this month where a global new urban agenda for the next 20 years is going to be adopted.
BRICS nations have called for an "integrated approach" to urban development in an inclusive and sustainable manner through larger involvement of people as they expressed concern over the consequences of "unplanned and unanticipated" urban expansion in member countries.
The move will improve liquidity position for the infra industry that has arbitration troubles as major teething problem, said KK Mohanty, MD, Gammon Infra.
The Maharashtra government, which has decided to regularise unauthorised constructions till December 2015 on a mass scale in urban belts, has said that criminal cases will be filed against builders responsible for illegalities. Chief R
"Currently, we are doing the land management system for Amaravati. Once that is finished, we can go to the next stage of tendering for some of the downstream work," said Wong Heang Fine, group chief executive officer of the Surbana Jurong Private Limited (SJ).
The Maharashtra government said that it has decided to regularise unauthorised constructions till December 2015, on a mass scale in the state’s urban belts. Minister of state for urban development, Ranjit Patil, informed the R
About 60% of the population of the country will live in cities by 2050, as India’s rate of urbanisation is â€˜dramatic‘, stated minister of state for urban development Rao Inderjit Singh. As per the R
Real estate industry experts welcomed the addition of 13 cities to the list of smart cities, saying it will distribute the benefits of urban development more evenly across the country and drive growth
"All formalities regarding the Pune Metro Rail project have been completed and after nod from the Public Investment Board (PIB) in June, the proposal will be sent back to the state government," Fadnavis said.
During the two-hour interaction, Gauba reviewed the progress in tendering and awarding of works for the projects, among other matters.
The government today said it will come out with a modern tenancy law to promote rental housing in urban areas after taking into account the contemporary requirements of the tenants.
Union Urban Development Minister M Venkaiah Naidu elaborated on this investment potential while speaking on "Current status, Outlook and Investment opportunities in developing urban infrastructure" at the India Investment Summit organised here.
Smart cities and Amrut are two important programmes of the government. These need to be aligned to new age urbanism.
Global private equity players and sovereign wealth funds are likely to participate in the two-day summit, expected to begin on February 4. Key ministries like Finance, Roads, Highways and Transport, Oil and Gas, Urban Development and Railways will also engage in the function.
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The deal proposes to set up a Trade Mission in Maharashtra for Basque companies to understand the economic advantages and strong points of the industry and economy of Maharashtra.
Naidu while praising the state government said that Rajasthan has become the first state to sign memorandum of understandings (MoUs) for promoting affordable housing projects with private and public sector companies.
With further reduction in rates in the future, a turnaround is likely to take place starting the second half of calendar year 2016, a BofAML report states
In 2014-15, the total investment in such projects was to the tune of Rs 5.44 lakh crore; Rs 5.02 lakh crore in 2013-14 and Rs 4.48 lakh crore in 2012-13, Minister of State for Planning Rao Inderjit Singh said in a written reply to the Lok Sabha on Friday.