#RealtyNewsRoundUp: Hyderabad Municipal Body Raises Rs 200 Cr Through Bonds
Description
The Greater Hyderabad Municipal Corporation has raised Rs 200 crore by selling 10-year bonds. The money raised from the issue, which was oversubscribed two times, would be used to fund a strategic road project in Hyderabad, being developed at an estimated cost of Rs 3,518 crore.
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Marking its third anniversary, the Arvind Kejriwal-led Delhi government has announced a slew of schemes that will benefit the citizens of the national capital. The government will focus on developing roads and drainage systems in unauthorised colonies, provide free travel for senior citizens in all Delhi Transport Corporation (DTC) buses and also, fulfill its promise of free Wi-Fi across the national capital. The government also plans to set up 900 Mohalla Clinics in next nine months.
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To attract investment in the state, the Maharashtra government has relaxed the norms for Integrated Industrial Areas (IIAs). The mandatory condition of having 40 hectares of land for setting up an IIA has now been relaxed to upto 20 hectares. The land utilisation ratio of industry to residential area has been revised from 60:40 to 80:20, making more land available for industry.
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The National Green Tribunal has directed the Delhi government to complete the demarcation of forest land in the Southern Ridge area within a month. The green panel has warned that in case the work is not complete within the set deadline, disciplinary proceedings would be initiated against concerned officials and a fine of Rs 2 lakh would be paid by each respondent.
Source: Media reports