#RealtyNewsRoundup: Govt Hospitals In Delhi To Get Land For Re 1 Per Year
Description
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
Union Urban Development Minister M Venkaiah Naidu has said that the central government will allot plots at Re 1 per year for hospitals, night-shelters and government offices. The government wants public utilities and services to get land at a cheap rate. Read more.
India is going to seek the US' cooperation in building infrastructure. Union Minister of Road Transport and Highways Nitin Gadkari will meet prominent US officials and corporate leaders in this regard to attract Foreign Direct Investment (FDI) worth billions of dollars. Read more.
The Sahara Group has asked the Supreme Court to clear its proposed sale of three overseas hotels to Qatar Investment Authority (QIA), which is part of Qatar's sovereign fund. The deal is estimated to be worth Rs 10,000 crore. Read more.
The central government has sanctioned Rs 658 crore for five large infrastructure projects in Delhi. These are aimed at decongesting roads in the city. The funds for these projects will come from urban development fund that the Delhi Development Authority collects for converting freehold properties to leasehold. The urban development ministry and various government agencies jointly identified the projects to be implemented. Read more.