#WeeklyNewsRoundUp: Chennai’s Guindy Set To Get An IT Park

In a move that would provide boost to city real estate, Chennai’s Guindy is set to get a new information technology (IT) park. To be built on six-and-a-half acres of land, the tech park would be similar to the Olympia Techpark in the city, and will generate 12,000 jobs. The estimated cost of the project could be as much as Rs 1,000 crore.

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Construction major Shapoorji Pallonji’s real estate arm has forayed into the National Capital Region property market, with the launch of its first project in Gurgaon. The project, being launched under its housing banner Joyville, will be developed on an 18-acre land parcel in Gurgaon’s Sector 102, with an investment of Rs 1,200 crore.

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Maharashtra has for the third time in a row won the title to be the biggest municipal solid waste generators in the country in 2018, data available with the housing ministry shows. Of the 5.29 crore metric tonne (MT) waste India generates every year, Maharashtra generates 82.38 lakh MT. The second and third biggest waste generator are Uttar Pradesh (61.3 lakh mt) and Tamil Nadu (56 lakh mt).

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The Karnataka Cabinet on January 10 approved a proposal to change the alignment of Metro Rail from KR Puram to the Kempegowda International Airport, which will increase its length by eight km. The Cabinet also gave its nod to a feasibility study on an Rs 23,093-crore suburban rail project in Bengaluru.

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The South Delhi Municipal Corporation (SDMC) has approved an amnesty scheme under which it would offer full waiver on interest, penalty and other charges on payment of due property tax till March 31. The waiver is applicable on all categories of properties in every type of colony.

Source: Media reports