#RealtyNewsRoundup: Panaji Gets Approval For Projects Worth Rs 60 Cr Under Amrut

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Panaji's technical committee for Atal Mission for Rejuvenation and Urban Transformation (Amrut) has given its approval to the state annual action plan (SAAP) which includes construction of projects worth Rs 60 crore. The approval was also given for the creation of green spaces and parks in the city and overhauling the urban mobility systems. Read more

In a welcoming decision taken by Nagpur Improvement Trust (NIT), the deed of declaration (DoD) has been made compulsory for new flat owners to pay ground rent. The individual flat owners will now be able to pay their share of ground rent rather than waiting for other owners to contribute and pay collectively. Read more

The Noida Extension Flat Owners' Welfare Association (NEFOWA) have met the chairman of Noida Authority asking for his intervention in the infrastructural problems being faced by the residents. Moreover, the residents claim that there is no standardisation in the miscellaneous maintenance charges charged by different societies in the area. Read more

The state government of Chennai has issued an order for the formation of Special Purpose Vehicle (SPV), a requirement for getting funds from the urban development ministry. The funds will be used for the implementation of a Rs 1,370-crore smart city project. The SPV for Chennai will plan, approve and release the funds, and later, implement, manage and evaluate development under the project. Read more