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Budget 2019: Allocation for Housing & Urban Affairs Ministry up by 12% | Weekly News Roundup

We’re back with another weekly news roundup! Let’s begin.  On July 10, 2019, the West Bengal assembly passed an amendment to the state’s Apartment Ownership Act, to enable associations of a housing project to form federations, to look after the common areas. A pre-bid conference will be held on July 15, 2019, in Greater Noida to address queries of bidders interested in an upcoming international airport at Jewar in Uttar Pradesh. The Delhi High Court, on July 10, 2019, dismissed a petition challenging the AAP government’s proposal to make metro rail rides free for women and declined to entertain the plea, also imposed a cost of Rs 10,000 on the petitioner. The Housing and Urban Affairs Ministry has received a 12% hike in budgetary provisions in the Union Budget 2019, while allocations for...

Top 4 under Construction Metro Rail Projects in India – RealtyMyths

by Anushree Ghosh, In recent times, we have witnessed a great shift in the way people commute in cities. Due to traffic congestion and the heightened level of pollution, metro rail has emerged as one of the best modes of transport in tier-1 and tier-2 cities. While the plan is to improve the inter-city network by metro lines, it seems to be a long way ahead, as there are still many ongoing projects that are incomplete. Here is a list of the status of various metro projects in India: Hyderabad Metro Line Hyderabad is on its way in becoming the global centre for IT and entrepreneurs, and the development of Metro connectivity has been instrumental in bringing the change. This has a clear impact on the real estate market of the city, which is now a great destination to check out for investors....

Metro Reaches to Four More Cities

As this government has been focusing towards the infrastructural developments, the results are yet to transform into reality. The smart city and the housing for all projects have been slowly picking up the tempo, still, there is a long way to go for this government. As the general election is now knocking at the doorstep, it’s time to face the difficult questions for the government. One of the major questions getting louder is the infrastructural developments that were on the election agenda in 2014. Well, as it is said, “better late than never”, the Finance Ministry recently gave its ‘in-principal’ approval to five proposed metro projects in Indore, Bhopal, Kanpur, Agra, and Delhi. Together, these projects are estimated to cost Rs 1.07 lakh crore to the government....

The Master Designer with no Air Brakes – The evolution and milestones of the Metro Man of India

The recipe of success is quite well known, the essential ingredients are perseverance, courage to execute and power to persuade when simmered over the flame of passion, the final product becomes delicious.  Topped with slices of intelligence, it releases a distinguished flavor too. E. Sreedharan, the Metro Man of India diligently used this recipe for the success of several projects that have benefited not only him but thousands of Indian citizens. He changed the face of public transport in India. Mythbuster Anushree Before taking over as the chief of Delhi Metro, he had designed numerous successful projects. He was reluctant at first to take up the responsibility but thinking about the welfare of thousands of citizens, he agreed at last, but on the following conditions: To be allowed to se...

Resurgence of Indian Cities Post Metro Announcement

Resurgence of a city post metro rail 10062016 from RealtyMyths The success of Delhi Metro paved way for development of Metro Rail in many other cities as well. Availability of Metro makes commuting easy and convenient from one place to other. It now symbolizes the overall infrastructural development of an urban cluster. Infrastructural development has direct impact on rise of real estate market of a location. The objective of this report is to understand the impact of development of Metro Rail on the property market. Does it impact demand of property in a particular location and how direct is the impact? Appropriately, we focused on online trends in various markets where Metro Rail has either become operational or is about to be. We analyzed online search trends in these markets and compar...

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