PROPGUIDE − A Complete Property Guide
#happyhome

#WeeklyRoundup: Work On Mumbai Trans Harbour Link To Start From January

Loading video...

Description

With the Bombay high court granting the permission to cut mangroves, the much-delayed Mumbai Trans Harbour Link — a 22-km road bridge connecting the island city with Navi Mumbai — can finally see the light of day. Recently, chief minister Devendra Fadnavis had said the construction of the important road link would begin by January next year. The project will impact around 47.4 hectares of forest land, including 38.6 hectares of land that is covered with mangroves at Sewri and the Navi Mumbai side.

Union environment minister Anil Madha Dave told the Rajya Sabha that 90 per cent of development projects got environmental clearance last year as compared to nearly 54 per cent in 2014. The minister also said that Environment Impact Assessment Notification, 2006, under the Environment Protection Act, 1986, governs the process of grant of prior environmental clearance for activities mentioned in the schedule of the notification. The process of environmental clearance includes screening, scoping, public consultation and appraisal, he added.

According to reports proceeds from the demonetisation drive could fuel the government's plans to give a leg-up to the housing market. Senior cabinet ministers are in favour of using the money earned from demonetisation to announce a housing scheme with cheaper home loan rates of 6-7 per cent. The new housing scheme is likely to be announced by Finance Minister Arun Jaitley in the annual budget to be presented in February next year.

As part of an initiative to provide homes to lakhs of homeless people in the state, the Kerala government has decided to allot them apartments. The state government intends to construct four lakh low-cost housing facilities by the end of 2021.

In a bid to decongest the state capital, the Himachal Pradesh Housing and Urban Development Authority (HIMUDA) recently gave its nod to a Singapore company for developing a 32-hectare smart integrated township on the outskirts of Shimla. A memorandum of understanding (MoU) will soon be signed with Singapore Cooperation Enterprises for developing a township at Jathiadevi near Jubbarhatti airport.

Tags: Video, Rajya Sabha, propguide, Environment Clearance, Sewri-Nhava Sheva sea link, Kerala Housing, Demonetisation money, Demonetisation in India


Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

+ Click Here To Read This Article

An Explainer: Goods & Services Tax

PropGuide simplifies complex real estate jargons for you.

August 10 2016

+ Click Here To Read This Article

#WeeklyRealtyNewsRoundup: Rajya Sabha Clears GST Bill, Prices Of Under-Construction Apartments To Go Up

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

August 06 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Rajya Sabha Passes GST Bill

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

August 04 2016

+ Click Here To Read This Article

10 Skywalks In the World That Allow A Stroll In The Clouds

Some wonders are natural. There are however many wonders that are man-made. The best of them are skywalks that give you thrill of danger without having to face it.

June 09 2015

+ Click Here To Read This Article

Proposed Dwarka-Manesar E-Way To Bring Realty Boom In NCR

In the hope of discovering a new and possibly the last of such realty hubs in the National Capital Region, many expats and other investors have rushed in to put in their money.

June 05 2015

+ Click Here To Read This Article

Why Real Estate Is So Expensive In Mumbai

In India’s most prosperous city, half the population live in slums. In Savills' top 12 most expensive cities in the world, Mumbai was the cheapest city to live in. Yet, why is real estate in Mumbai the most expensive real estate is the world?

May 18 2015

+ Click Here To Read This Article

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

Amid continuous opposition against the hike in property tax, Mayor Bapu Ghadamode has said that he...

For multiple reasons, real estate in India is a favourite mode of multiplying investments,...

An automobile parts company has surrendered a land parcel it owned at the Dwarka Expressway. This...

Goods And Services Taxes (GST): The Rajya Sabha on Wednesday passed the Constitution Amendment Bill...

 Union Budget 2017-18 is being presented by Finance Minister Arun Jaitley today. This Budget...

If you are looking for properties for investment that will see quick appreciation in prices,...

A positive move, provisions for capital gains tax stands tweaked, much to the benefit of the...

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

PropGuide simplifies complex real estate jargons for you.

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

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top