fbpx

Real Estate 2021

Khadki cantonment board releases new land use plan, seeks feedback

Pune The Khadki Cantonment Board has released a new land use plan marking residential, market, bungalow, military and institutional zones and invited suggestions and objections, if any, from public. The new Land Use Plan (LUP) will enable the administration to keep a tab on unauthorized use of plots marked for specific purposes. Pramod Kumar Singh, the Khadki Cantonment Board (KCB)'s CEO, said, "We have...

Cement demand improves, but prices remain muted: MOFSL

Cement demand improves, but pricing remains muted, said Motilal Oswal Financial Services (MOFSL) in a report. "Our channel checks indicate the seasonal uptick in demand is playing out, with volumes bouncing back strongly from the weakness seen in the first few weeks of January," the report said. The report cited that prices have improved 1-2 percent on a MoM basis in North and West India, while the...

Punjab approves implementation of ‘Mission Lal Lakir’ in all villages

Chandigarh The Punjab Cabinet, in a meeting chaired by Chief Minister Amarinder Singh on February 19, approved the implementation of Mission Lal Lakir in all the villages across the state. "The state government has taken the decision to facilitate villagers to monetise property rights and to avail of various benefits provided by the government departments and banks," said a press statement from the...

Work on Nagpur Metro phase II to begin in mid-2021

Nagpur MahaMetro plans to start work on Nagpur Metro phase II in June or July, well before the completion of phase I, which is scheduled in December. Allocation for phase II has been made in the Union Budget for 2021-22 even though it has not been cleared by the cabinet yet. A MahaMetro official said that getting cabinet approval was just a formality. "Union Ministry of Housing and Urban Affairs (MoHUA)...

Greater Noida gets its first plant to treat construction & demolition waste

Delhi/NCR To recycle construction waste, the Greater Noida authority has launched a Construction and Demolition (C&D) waste processing plant in Ecotech 3 recently. The authority will also set up a waste remediation site at Lakhnawali village. Though Noida had taken steps to recycle and reuse construction debris, Greater Noida didn't have such facilities before. The GNIDA has earmarked 4.5 acres...

After 10 years, Rajasthan housing department revises rates to change size of plots

Jaipur The Urban Development and Housing (UDH) department has revised the rates for reconstitution and subdivision of plots in urban areas after a gap of 10 years. A notification in this connection was made after making an amendment in the Rajasthan Urban Improvement Act, 1959. A cap on the maximum amount has also been put for the first time, which will be charged by plot owners. An official said, "The...

Government may look at AMC or ARC model for asset monetisation programme

The government may consider asset management and asset reconstruction company model to monetise non-core assets of Public Sector Enterprises (PSEs). AMC and ARC or a bad bank has been proposed for the banking sector in Budget 2021-22 to acquire, manage and turnaround bad loans. The budget also talked about asset monetisation to unlock the true value of the assets lying with the government entities. The...

IRSDC invites bids for property lease under Chandigarh railway station revamp project

Chandigarh Indian Railway Stations Development Corporation Ltd. (IRSDC) has invited Request for Proposal (RFP) for leasing vacant land parcels for mixed-use development as part of the Chandigarh Railway Station redevelopment project on February 20. Accordingly, bids have been invited from interested entities for a mixed-use development of land parcels on a lease rights basis up to 99 years. Bidders can...

KSPCB to come up with affordable sensors for STPs in apartments

Bengaluru Recently, 540 buildings were found guilty of letting out untreated sewage into the Storm Water Drains (SWDs) of the Koramangala-Challaghatta valley, polluting the lakes. While this was just a small number that was identified, there might be many more.  NGT: Check release of untreated sewage into lakes The National Green Tribunal’s (NGT’s) recent notice to Karnataka State Pollution Control...

Compare listings

Compare