PROPGUIDE − A Complete Property Guide
#happyhome

#WeeklyNewsRoundup: Uttarakhand, DMRC To Build Metro On Haridwar-Rishikesh-Dehradun Route

Loading video...

Description

The Uttarakhand government has signed a pact with the Delhi Metro Rail Corporation (DMRC) to introduce the Metro rail in the hill state. In the first phase, the Metro line will be built between Dehradun and Rishikesh. In the second phase, the Metro lines will be laid on Dehradun-Haridwar and Dehradun-Kalsi route. Officials said the total cost of the project is estimated to be Rs 250 crore per km.

Maharashtra Chief Minister Devendra Fadnavis said the state government would soon give its clearance to the second phase of the Pune metro rail project. The state government also plans to integrate the services of metro rail and buses of the Pune Mahanagar Parivahan to strengthen the city's public transport system. Prime Minister Narendra Modi had inaugurated the first phase of the metro project on 24th December.

Markets regulator Securities and Exchange Board of India (Sebi) recently put in place detailed guidelines for the public issuance of the Real Estate Investment Trusts (REITs), including allocation of units to institutional investors. While the trusts, its promoters and directors, which have been barred from accessing the securities markets, or those in the 'wilful defaulter' list would not make any public issue, in a circular by Sebi said up to 75 per cent would be allocated to institutional investors and 25 per cent to other investors.

In Navi Mumbai, six land tender plots for residential-cum-commercial purpose have fetched Cidco a whopping Rs 177 crore. While five plots put up for bidding were in Sanpada, Sector 8; the sixth plot was in Nerul’s Sector 38. In June this year, Cidco had sold four tender plots in Sanpada and Nerul areas for a Rs 319 crore.

Tags: Navi Mumbai, DMRC, Video, CIDCO, Sebi


#WeeklyNewsRoundup: PMC Forms Special Environment Committee To Issue Certificates

Here are the week’s top stories from the real estate sector.

June 10 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Eyeing Revenue, Greater Noida Authority Launches New Scheme For Buyers

Here are today’s top stories from the real estate sector.

June 07 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Navi Mumbai To Get A Smart Industrial City

Here are today's top stories from the real estate sector.

May 31 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: PNB Loans Get Cheaper From May 1

Here are today’s top stories from the real estate sector.

May 03 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: YEIDA Revives Greater Noida-Jewar Airport Metro Link Proposal

Here are today’s top stories from the real estate sector.

April 26 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Huda Launches Its Group Housing Scheme For 2017

Here are today’s top stories from the real estate sector.

April 21 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: RBI Caps Banks’ Exposure To Real Estate Trusts At 10%

Here are today’s top news stories from the real estate sector.

April 19 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Karnataka To Regularise Illegal Houses On Revenue Land [Video]

Here are today's top news stories from the real estate sector.

April 14 2017

+ Click Here To Read This Article

Service tax is payable only on property purchase directly from developers and is not required in...

Invest in a property with good resale potential to ensure regular returns and high capital...

Noida offers a perfect blend of residential best apartment societies, luxury villas and commercial...

Many infrastructure projects have been lined up in Chennai. Expected to take shape between 2017 and...

Service tax is payable only on property purchase directly from developers and is not required in...

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

Noida offers a perfect blend of residential best apartment societies, luxury villas and commercial...

Recently ranked among top 22 tech cities across the world by a London-based real estate advisory...

A building code is a set of norms that govern construction of buildings by stipulating minimum...

PropGuide simplifies complex real estate jargons for you.

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top