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Delhi LG Taranjit Singh Sandhu on Wednesday approved the 'Delhi Master Plan 2047' aimed at a planned growth of the city, officials said. Sandhu, who headed a meeting of the Delhi Development Authority (DDA), also decided to come up with a uniform policy for redevelopment of old two-storey residential units built by the agency. "With Delhi's population projected to grow significantly by 2047, the Master Plan adopts an integrated approach towards housing, economic growth, mobility, environmental sustainability, infrastructure, heritage conservation, urban regeneration and citizen-centric governance," DDA said. Earlier, the DDA was working on MPD 2041 after the expiry of the MPD 2021, which has now been changed to 'MPD 2047' to align with the central government's vision of Viksit Bharat 2047, it said. "The plan will now be sent to the Ministry of Housing and Urban Affairs, Government of India, for final approval and subsequent notification," DDA said in a statement. The first Master
Housing sales rose 19 per cent to 1,12,458 units during April-June across the top nine cities despite global economic uncertainties, according to PropEquity. Sales stood at 94,864 units in the year-ago period across the nine cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. New supply of residential properties rose 43 per cent annually to 1,17,609 units during the April-June period. PropEquity founder and CEO Samir Jasuja said, "The Indian housing market has remained resilient despite the geopolitical uncertainties in the Middle East. Southern markets continue to lead growth, while Mumbai and Navi Mumbai have also seen strong demand. Although some regions such as Thane and Delhi-NCR have witnessed relatively softer activity, overall market sentiment remains positive". According to the data, the housing sales in Bengaluru rose to 21,516 units in April-June from 14,676 units in the year-ago period. In Chennai, sales increased to 6,323
Larsen & Toubro (L&T) on Thursday said it has bagged a contract from Oberoi Realty for the construction of seven high-rise residential towers in Gurugram. The project has been bagged by the buildings and factories business vertical of L&T, the company said in a filing to BSE. The vertical has also bagged many other orders in the domestic market, including for construction of proving ground (testing place) from an international company in Haryana. The facility will boost testing infrastructure for vehicles embedded with latest technology. Besides the proving ground, the scope includes finishing works and external development relevant to the facility. The deal size of the orders was not disclosed by the company. The company's buildings and factories vertical possesses domain knowledge, expertise and experience in delivering EPC solutions across segments such as, hospitals, public spaces, airports, data centre, residential buildings, commercial spaces and factories. Larsen ...