#RealtyNewsRoundUp: Govt To Pay Rent To Urban Poor In 100 Smart Cities
The Centre is all set to roll out a Rs 2,700-crore welfare scheme in 100 smart cities under which rent vouchers will be distributed to the urban poor. Though the policy has been in the works for three years, the first phase is likely to be rolled out in the financial year 2017-18.
A Bill to amend the nearly Enemy Property Act is likely to be introduced in the Rajya Sabha on March 10. Once passed, the Bill will replace the ordinance promulgated by the government after it failed to amend the 50-year-old Enemy Property Act. The law acts as a guard against claims of succession or transfer of properties left by those who migrated to Pakistan and China after wars.
The Indian Navy has blocked real estate development in large swathes of Mumbai's eastern suburbs, owing to which an estimated 300 housing projects have been stalled. The Brihanmumbai Municipal Corporation stopped giving construction permissions after the Navy objected to building activity around its installations.
The Karnataka government is thinking of developing a new city in Kolar Gold Fields (KGF) to decongest capital Bengaluru. The plan is to relocate at least 20 lakh of the state capital's population to the new city. Urban Development Minister R Roshan Baig told media that the city would be developed on 11,000 acres of abandoned mining land in Kolar Gold Fields (KGF), around 100 kms from Bengaluru.