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infrastructure development

Can We Afford Development At The Cost Of Environment?

by Neeti Raina Decades ago women from the hills of Uttarakhand revolted against the felling of trees by embracing them and the world came to know the campaign as Chipko movement in India. These women did not hold fancy degrees nor did they have the support of big organizations. But these wise women were aware of the importance of trees, forest conservation, coexistence with nature and the far-reaching consequences of deforestation. They knew precisely how essential it is to protect the environment for the survival of mankind. The message of the non-violent Chipko movement was relevant then and even more so now. The option of development over the environment does not exist anymore. Now, it is a matter of striking a balance and preserving what we have. If indiscriminate development happens a...

The Many Facets of the Aarey Metro Debacle

– by Anuj Puri The verdant expanse of Aarey forests in suburban Mumbai turned into a battleground between environmentalists and authorities. Triggering this confrontation was the BMC-appointed Tree Authority’s clearance to cut almost 2,700 trees in the area to construct a car shed for the upcoming metro line. This controversy expectedly reignited the development vs. environment debate. In a space-starved and congested city like Mumbai, Sanjay Gandhi National Park and Aarey are the few open green spaces left. Rich in biodiversity, home to several animals and birds and with lakhs of trees, the Aarey forests are the lungs of the city. Environmentalists fear that this mass felling of trees will disturb the whatever ecological balance Mumbai still retains and can exacerbate chronic proble...

The G20 Roadmap to Infrastructure as an Asset Class

Infrastructure is the backbones of a country’s economy – growth of both – physical and digital infrastructure is needed for achieving sustainable development. Larger infrastructure investments by the government are considered positive in generating higher economic output by creating demand, and in the long term by amplifying the overall productivity. According to the Global Infrastructure Hub, “The Group of Twenty (G20) was established in 1999 as a forum for governments and central banks from the 19 largest national economies and the European Union to discuss policy relating to the promotion of international financial stability and coordination of economic policy.” The G20 clearly understands the critical role of infrastructure in the progress of a country and the need to manage investment...

Building A New And Vibrant India

–  by Niranjan Hiranandani With a vision to make India a USD 5 trillion economy, the Modi 2 government in the center, presented its maiden budget focusing on investing massively on building infrastructure to support India’s long-term growth. The government intends to invest more than Rs.100 lakh crore in the infrastructure sector in the next 5 years. This will contribute to the nation’s economic growth and bring positive sentiment to the construction and the real estate industry. Though India is far ahead of many emerging economies, the government is leaving no stone unturned to boost the economy via investments mainly in infrastructure, which will have multiplier benefits and also create jobs at various levels, bringing about improved productivity. The Rs. 100 lakh crore investments...

Duhai-Sahibabad section (RRTS) to be operational by March 2023 | Weekly News Roundup | RealtyMyths

Hey Guys! Welcome to the weekly news roundup, let’s see what’s in this week’s bulletin: According to the officials, the 17-km-long Duhai-Sahibabad segment of the Delhi-Ghaziabad-Meerut Rail Rapid Transit System (RRTS) is expected to be operational by March 2023, whereas the complete corridor which is 82 km long expected to be effective by 2025. The UP Avas Vikas Parishad or the UP Housing Board has proposed a hike of 16% in sector rates and has sent a proposal to their headquarters in Lucknow. The rates will come into effect once they receive a nod from the headquarters. The Gautam Buddh Nagar administration said it will dig 21 new ponds under the Jal Shakti Abhiyan, while the private sector will help in renovation work on scores of the 1,000 ponds present in the district. A Supreme Court ...

Industry status is the need of hour for the revival of Real Estate sector

by Mr. Rakesh Reddy The real estate sector has witnessed many transformative reforms like RERA, GST, and relaxation of FDI over the past few years. These reforms have revived consumer confidence and laid the foundation for massive growth prospectus. The real estate sector expects the union budget to take supportive measures that will further improve the momentum the industry has gained. Granting of infrastructure status to the entire real estate sector is one of the most pressing expectations the industry has from the union budget. In fact, granting infrastructure status on affordable housing has witnessed many reputed developers launching projects in the affordable segment. Giving the entire real estate sector industry status will have a similar impact. It will aid them to avail financing...

Can government schools match up the status quo of private schools in India?

by Saloni Bisht, “School is a place that provides education and education is the key to life.” And such places are consisted to be temples of learning in India, but are they still considered so? No, they don’t! When we compare a private school with a public school, there is a huge gap exists. The government schools are struggling badly on infrastructure front and have failed to provide even the basic amenities to the students. Not only infrastructure wise but there is a need to improve the quality of teaching and other necessary facilities required in today’s time. According to the latest Annual Status of Education Report, learning outcomes are terrible in Indian government schools. In spite of public schools spend more per student in almost every state except Bihar, here is a 20 percentag...

The problem of Unauthorised Colonies

Rome was not built in a day! This proverb is symbolic to the development journey of any city. Ironically, it is symbolic to all the problems as well that arise due to ill-planning of all the development activities in and around a city. Ill-planning of a city means giving less or no emphasis on some of the vital aspects of a city which hold great future significance. Proper development of residential colonies is also one such aspect which must attend the requirement of future expansion to meet population increase.  The issue of unauthorised colonies is nothing but the by-product of the ill-planning that major metro cities have gone through in last 3-4 decades. A metropolitan city like Delhi, which also happens to be the capital city and where regular immigration of population from other pa...

Infrastructure Development- Who is responsible?

We often book flats and after all the struggles, eventually, get possession as well. However, when we go shift to our new abode with all the excitements, enthusiasm and expectations of starting new innings of our lives, we suddenly encounter a bundle of problems which are beyond imaginations. Yes, this is the common story of every other person who dreamt of living in metros and booked the flats. Ironically, they pay all the charges related to each and every kind of development long before they actually shift to their houses. Payments like External Development Charges (EDC), Infrastructure Development Charges (IDC), maintenance charges etc. are all collected before the handover of the flats and irrespective of whether the development has actually happened on the ground or not!  Apparently,...

A Quick Look at Golf Course Extension Road, Gurgaon

Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants The Golf Course Extension Road has emerged as one of the most sought-after residential corridors of Gurgaon. While not being priced as high as the neighbouring Golf Course Road, it offers multiple apartment options for the upper-mid segment moving up the value chain to luxury housing options as well. This residential corridor has seen more than 8,500 residential apartment units launched overall, and many of them are in advanced stages of construction. Around 2,500 residential units have been delivered here with another 2,600 slated for completion by 2019-end. This residential market has a good mix of end-user as well as the investor segment who have in the past achieved healthy capital appreciation across their investment/purchas...

Haryana’s Real Estate Regulator will be a facilitator: Cap. Abhimanyu

Finance Minister, Government of Haryana, Cap. Abhimanyu Singh on Saturday appealed to builders and real estate developers that are operational in the State to satisfy all legitimate aspirations of their buyers and follow guidelines as prescribed by the State to construct houses and real estate units and that the Real Estate Regulator would not only handhold them but also become the facilitate of their businesses rather than acting as an obstructionist. Inaugurating Invest Haryana under the aegis of NAREDCO Haryana , Cap.Abhimanyu Singh asked the builders and real estate developers that their first and top most priority should be to satisfy and serve the legitimate requirements of their buyers and that there should not be any compromise on that and the government would support each one of t...

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