#RealtyNewsRoundup: Centre Likely To Release Rs 1,000 Crore For Noida Metro

The Union Cabinet is likely to give its formal approval to the Noida Metro project, which is in the advanced stages of construction and is expected to get operation by 2017 end. The Cabinet approval will pave the way for the release of Rs 1,000 crore for the project.

Also Read: Noida-Greater Noida Metro Project Gets Cabinet Nod

The Haryana government has signed five agreements with Singapore-based companies to attract a Rs 18,000- crore investment in development projects in infrastructure and industrial sectors. The MoUs are for developing aviation hubs, smart cities and industrial townships.

The government is planning to construct affordable homes made of steel that can easily be built at a nominal Rs 2 lakh under the Pradhan Mantri Awas Yojna. The allocation under the scheme is Rs 1.5 lakh, while the same for hilly states is Rs 1.6 lakh.

Also Read: Why PMAY Didn't Take Off In Maharashtra

The Maharashtra government has revoked the special planning authority status given to Lavasa Corporation that has developed the controversial hill city Lavasa near Pune. Lavasa Corporation was accorded the special planning authority status by the previous government in 2008.

Also Read: Why India Does Not Have Many Private Cities Like Lavasa

Source: Media reports