"Real estate is facing a slowdown. So we should make an arrangement for giving loans at 6.5 per cent interest for houses in the below Rs 5 lakh (Rs 500,000) category to the poor," Urban Development Minister Jaipal Reddy said. He suggested an extension of housing loan at the rate of 7.5 per cent presently available for flats up to Rs 20 lakh to those priced at Rs 30 lakh in the cities. "The revival of real estate is key for generating employment," he said.
The ICICI board is looking to the retired petroleum secretary to provide 'maturity and sagacity'.
The new BJP government in Tripura has renamed a lane leading to the official residences of the CM after party ideologue Syama Prasad Mookerjee.
Although Gorakhpur is the largest urban centre and trading hub in Eastern UP, catering not only to the neighbouring district but also the adjoining Bihar and Nepal, it had been lacking in proper infrastructure of road and air connectivity, impeding the harnessing of its socioeconomic potential.
Public sector housing finance firm Housing and Urban Development Corporation has reduced interest rates on home and project loans by 50 to 125 basis points with effect from January 1, 2009. LIC Housing Finance on Wednesday cut interest rates for existing home loan borrowers by 0.75 per cent with effect from January 1.
'Smart' Gandhinagar is now wired to the future, becomes India's first smart city; launches citywide WiFi services, smart streetlights, speed and face recognition surveillance.
Management consultants are now allowed to operate from their residences as they are now included in the small office-home office category.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
The allocation of portfolios well past mid-night on Saturday was also a pointer to an exercise in which the chief minister has established full control over the government by awarding some key departments to his trusted men, which has left few seniors fuming. The chief minister has chosen to keep under him 10 departments, including Finance, Urban Development and Mines and Geology.
By conventional yardsticks, Das was an audacious choice by Prime Minister Narendra Modi and the BJP president Amit Shah, like Devendra Fadnavis was in Maharashtra and Manohar Lal Khattar in Haryana. Will his choice pay off in the elections next month?
Metro rail projects in Hyderabad and Mumbai will come up through PPP model. Besides Metro, government is also keen to allow bus rapid transit (BRT) system, construction of road over bridge (ROB) and underpass through the PPP mode. The JNNURM scheme launched in the end of 2005 recognises that mere funding of infrastructure projects alone will not enable in transforming cities and what is required is a clear focus on a set of reforms at state and urban local body level.
The 13 cities selected in the Fast Track Smart City Competition have proposed a total investment of Rs 30,229 crore
Mumbai's makeover plan has inched forward. The Rs 2.25 lakh crore plan for development of Mumbai Metropolitan Region is awaiting approval of the state government. The government will approve of this once the Mumbai Metropolitan Region Development Authority (MMRDA) okays it. The plan includes infrastructure such as road transport, Metro rail, skybus, Brimstowad storm water drainage project & water transport development. The plan covers entire Mumbai as well as Thane district.
The rich will have to pay more for the use of water as the government on Thursday indicated that it has plans to impose varying rates for different sections of consumers. Urban Development Minister Jaipal Reddy told Rajya Sabha that the government was not thinking of increasing the price of water for poorer sections, but needed to charge the affluent to cover the operation and maintenance expenses.
"We are working on using land resources and PPP model for having more residential as well as office accommodation in the future," Urban Development Minister S Jaipal Reddy said on Tuesday while laying the foundation stone of general pool office complex in New Delhi. Comparing the VIPs' penchant for pet accommodation and dream houses to road rage in the city, Reddy said the ministry is facing 'house rage' in the capital.
Senior Peoples Democratic Party leader Qazi Mohammad Afzal, who was stripped of the Forest portfolio after rumours of corruption, submitted his resignation on Tuesday.
The Centre has approved setting up of a pooled finance development fund to enable urban local bodies to access capital and financial markets for investment in municipal infrastructure.
Raghuvar Das, the national vice president of the Bharatiya Janata Party will be the first non-tribal chief minister of Jharkhand after he was elected the leader of BJP legislative party.
With as many as seven out of the 26 ministers in his previous government failing to make it to the Assembly this time, Gujarat Chief Minister Narendra Modi is likely to induct some fresh faces into his new cabinet, which sources say could be in place after January 14 after the Kamurta (an inauspicious period) is over.
First tranche of funding for 13 projects disbursed under urban renewal scheme.
The floor seems to be divided between realtors and Gujarat urban development authorities on the implentation of the New Integrated Township Policy. Township projects worth over Rs 10,000 crore (Rs 100 billion) in and around Ahmedabad have been left in a lurch due to this, according the real estate developers. Many developers who have already earmarked land for the townships feel that the policy is not yet implemented
India loses $ 9.8 billion every year due to multi-hazard disasters as its 58.6 per cent land is prone to earthquake.
A CBI official has clarified that the agency did not find any criminal offence again DLF regarding land rights.
The estimated cost of the project, proposed on four separate routes is Rs 1800 crore (Rs 18 billion). The first route covering 25 km is Malabar Hill- Gopalrao Deshmukh Marg-Haji Ali-Keshavrao Khade Marg-Jacob Circle-Sane Guruji Marg- S S Rao Marg-Dattaram Lad Marg-GD Ambedkar Marg-Wadala Marg-Wadala Truck Terminus-Antop Hill-Sion Hospital-Dharavi- Bandra Kurla Complex. The second route is of 10 km is Chembur-Mahul-Gidwani Marg-Gowandi-Chembur.
A look at star arrivals.
Following is the text of the public interest litigation filed in the Delhi high court
17 MLAs of the TDP were suspended from the assembly for disrupting CM Jagan Mohan Reddy's address on the Andhra Pradesh Decentralisation and Inclusive Development of All Regions Bill, 2020.
'If our body is able to mount a very successful immune response, we can negate the virus.'
A meeting of local people's representatives, including legislators would be convened shortly to discuss related issues, he said.
Chief Minister Vilasrao Deshmukh moved the resolution, which was passed by a voice vote amidst slogan shouting by Shiv Sena members in the House. It was passed after a two-day discussion in a special sitting of the Lower House during the third Assembly session. While the members of BJP remained silent during the reply, those from treasury benches welcomed the resolution by thumping desks.
The issue of pollution caused due to the non-degradable material is keeping consumer goods majors - from ITC and Dabur to Nestl and PepsiCo - on their toes.
Union Home Secretary Anil Goswami is to preside over a meeting in the North Block on Thursday with seven secretaries to discuss about the formation of Telangana.
The court further said the Principal Secretary would be held liable if the High Court order is not properly implemented by the Commissioner.
The current headquarters, visited by thousands of people daily, is located close to the residence of party president Sonia Gandhi, raising security concerns.
Realty Bill seeks its forfeiture in case of project delay.
SC expressed surprise that no steps were taken for recovery.
An Ordinance, extending the moratorium provided by the Delhi Laws (Special Provisions) Act, 2006, is expected to be notified in the first week of June, official sources said.
In a bid to put an end to housing crisis faced by members of Parliament in national capital New Delhi, the government is mulling construction of multi-storeyed flats at an estimated cost of Rs 60 crore in the heritage site Lutyen's Zone.
"The people have voted in large numbers for Congress and the policies of the DF governments," Deshmukh said in a official release.
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