Hey guys! We’re back with real estate updates of the past week from across the country. Let’s get started with the weekly news roundup.
- Beginning with Delhi budget. The deputy chief minister of Delhi Manish Sisodia presented the budget for the city for 2019-20 on February 26. Rs 3,914 cr has been allotted for the housing and urban development sector in the 2019-20 budget, with Rs 1,600 cr being proposed for unauthorised and resettlement colonies development work.
- Update on the Farmer’s protest in Noida. Farmers protesting outside the Noida Authority office since Feb 12, 2019, have decided to escalate their protest by heaving an indefinite fast to press for their demands
- Next update on Maharashtra budget 2019. Sudhir Mungantiwar, Maharashtra finance minister presented an interim budget for 2019-20, with an estimated revenue deficit of Rs 19,784 crores and provision of a special fund for farm loan waivers. He also said that the government will try to keep the deficit in control, by reducing unnecessary expenditure and making effective recovery of revenue.
- Update on Mumbai metro expansion. Sudhir Mungantiwar, Maharashtra’s finance minister declared that the metro rail network in Mumbai will be stretched to 276 km, from the current 11.4 km. The Mumbai Metropolitan Region Development Authority (MMRDA), the executing agency for Mumbai Metro, has been granted permission for 276 km of the network.
- Last but not the least, Delhi High Court on Feb 28, 2019, rejected the plea of Associated Journals Ltd (AJL), the publisher of National Herald, in which it had challenged the Centre’s decision asking it to vacate the ITO premises.
That’s all for this week, we’ll be back next week with another set of weekly news roundup. Until then stay updated and say no to war.