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RM Reports

Real Estate Weekly News Round Up

Welcome back viewers and here are the weekly real estate and city infrastructure updates for you.

Some news from the flood-affected Kerala first. The flood water has started decreasing and the restoration work has also been started. However, the nation lost around 483 people and more than Rs 20,000 crore of assets due to this flood.

Coming back to the city infrastructure, the Yamuna Authority has decided to rope in a consultant for a detailed report of the feasibility of an elevated road connecting IGI airport with proposed Jewar airport. It would be a 40-km elevated road aimed at improving conveyance and transportation of goods from Noida and Delhi and other areas.

News from Bihar, The National Green Tribunal has directed the Bihar Government to form a team to check illegal sand mining in Son and Ganga rivers during monsoon. The tribunal was hearing a plea filed by Bihar resident Amarshakti against illegal sand mining during the monsoon season in rivers Son and Ganga at Koilwar and Patna in Bihar.

In another development related to Jewar Airport, the state government is finding it hard to acquire land for the development of the project. It has to acquire a total of 1300 hectares of land, however only 700 farmers so far with the combined land parcel of 340 hectares have agreed for the acquisition. At this pace, the project is surely going to miss its deadlines.

Some updates from the Housing and Urban Affairs Ministry. The Union Minister Hardeep Singh Puri said that the NDA government is committed to protecting interests of the homebuyers. He said that eventually all the real estate projects will be covered by RERA. He was addressing a real estate conference by CII and CBRE.

Well, this is it from our side. We hope we brought some useful developments to you. We will again see you next week with more such developments. Till then, stay healthy and save water, save the environment. And please share your feedback with likes, comments, and shares.

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