Page 10 - Development

67% housing demand in Mumbai from affordable segment: Knight Frank-Naredco

Supply of such housing insufficient to meet demand, says study

India showed environment protection, development possible together: PM Modi

India has shown to the world that it is possible to protect the environment and ensure economic development simultaneously, Prime Minister Narendra Modi has said. India is observing the 68th wildlife week from October 2-8. "It is possible to ensure both economic development and environment protection through proper policies and better implementation. India has shown this to the world," the PM said in a written message to the people of the country in Hindi on October 6. The Environment Ministry also tweeted the message on Friday. PM Modi said humans, environment and wildlife complement each other and more attention should be paid to the conservation of wildlife and biodiversity in the changing environment. He said India added 259 new protected areas for wildlife in the last eight years, and the forest areas have also expanded rapidly. Notable works are being done under the 'Namami Gange' mission to clean the Ganga, a witness to our glorious culture, and to conserve the aquatic lif

Govt to raise Rs 2,500 crore for three road projects through capital market

The government will approach the capital market this month to raise around Rs 2,500 crore to fund three road projects, a senior official said on Monday. The money will be raised through Infrastructure Investment Trusts (InvITs), the government official added. "We will be approaching the capital market this month to raise around Rs 2,500 crore for the three road projects," he told PTI on the condition of anonymity. Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. Last year, the National Highway Authority of India's first infrastructure investment trust raised more than Rs 5,000 crore. "NHAI InvIT attracted two international pension funds, Canadian Pension Plan Investment Board and Ontario Teachers' Pension Plan Board, which along with diversified DIIs invested units worth more than Rs 5,000 crore in InvIT portfolio, which has curren

Deliberated on development goals till 2026 at 'Chintan Shivir': Assam CM

Assam Chief Minister Himanta Biswa Sarma on Monday said detailed discussions on development goals for the state till 2026 were held during the 'Chintan Shivir' for ministers and top government officials. During the three-day programme, they also deliberated on possible steps that would be taken up to meet the development targets in the next four years, he said. Talking to reporters at the end of the programme, Sarma said, "During the Chintan Shivir, we discussed on targets (of development) for 2026 and resource mobilisation to achieve the goals," he said. Notably, the BJP-led coalition government in the state will complete its tenure in the middle of 2026. Based on the deliberations here, action plans with time-bound implementation models will be prepared by various departments, he said. "Various departments made detailed presentations on their proposals in the programme. Action plans will be prepared soon and uploaded on the department websites so that time-bound implementation c

Sisodia okays road redevelopment projects worth Rs 29.77 cr for west Delhi

Deputy Chief Minister Manish Sisodia has approved road redevelopment projects worth Rs 29.77 crore for the city's western part, according to a statement. Nine west Delhi roads, including Najafgarh Road, Punjab Garden Road, Ginni Devi Road, Hemwati Nandan Bahuguna Marg, Pankaj Batra Marg and Lal Sai Mandir Marg, will be strengthened and given a new look under the project. The government will also strengthen the 10-km service lane between Mundka Industrial Area Metro Pillar No. 410 to 570 on Rohtak Road. Sisodia, who also holds the PWD portfolio, directed officials to follow safety norms during the construction work to avoid inconvenience to commuters. "Delhi government, as part of its vision to make city roads world class, is conducting a survey of the capital's roads with experts and preparing blueprints for making these stretches stronger and safe," Sisodia said in the statement. The Public Works Department (PWD) will also maintain the pavements, central verges and service lanes,

Rs 3,000 cr earmarked in budget for Kalyana Karnataka region, says Bommai

Karnataka Chief Minister Basavaraj Bommai on Saturday said funds worth Rs 3,000 crore set aside in the budget for the historically-backward Kalyana Karnataka region would help in the development of this part of the state. Speaking after hoisting the flag on the occasion of Amrit Mahotsav of Kalyana Karnataka region, Bommai said the state government is encouraging industries to set up their units in the region. "Consequent to the amendment to Article 371 of the Constitution, the incumbent government, for the first time, has released the entire funds to Kalyana Karnataka Development Board. As promised earlier, Rs 3,000 crore has been earmarked in the state budget, approved action plan within four months and started several schemes," Bommai said. He also appealed to people to set aside politics for the development of Kalyana Karnataka region, which was earlier known as the the Hyderabad-Karnataka region. Listing out the projects for the region, he said the existing Bidar-Ballari road

Shares of Mahindra Lifespace Developers settle with marginal gains

Shares of Mahindra Lifespace Developers pared most of its initial gains and settled with marginally higher on the bourses on Monday. The scrip opened at Rs 541.95 and later rose 2.37 per cent to touch Rs 550.40, its 52-week high level on BSE. However, it shed the gains and ended the day 0.35 per cent higher at Rs 539.55. Similar movement was seen on the NSE as well. The stock opened at Rs 539 and ended the day at Rs 540, higher by 0.78 per cent over its previous close. Meanwhile, the 30-share benchmark index Sensex closed higher by 321.99 points or 0.54 per cent at a three-week high of 60,115.13 points. The company's Managing Director and Chief Executive Officer Arvind Subramanian has said it is looking to acquire new land parcels for business expansion in three focus cities -- Mumbai Metropolitan Region (MMR), Pune and Bengaluru. He highlighted that the company already acquired a land parcel this fiscal that has a Gross Development Value (GDV) of Rs 1,700 crore and the deal pipe

India's development drive

Achieving the goals set for 2047 will require policy interventions

Noida's Supertech twin towers to be demolished on August 28; here's a recap

As the twin tower's demolition date nears, here is a recap of what transpired and the latest developments in the case

Oppn obstructs development, prefer political interests over nation: PM Modi

The prime minister said when the country's democracy was crushed during the Emergency, all major parties came together to save the Constitution.

M&M can beat global competitors at much lower cost of development: MD & CEO

In a Q&A, Anish Shah the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon

TWCo bags prime South Mumbai property development; expects topline of Rs 700 crore

TWCo, an emerging firm led by Radeka Patil, makes real estate development debut with upcoming luxury residential high-rise at Haji Ali.

Uttar Pradesh failing in key development parameters: Akhilesh Yadav

Samajwadi Party president Akhilesh Yadav on Friday alleged that contrary to claims of development of the Yogi Adityanath government, Uttar Pradesh is lagging behind in several key parameters. Talking to reporters here, Yadav said the BJP government is making tall claims of development in the state, but "everyone is aware of the truth". "Today all figures, whether of primary education or mid-day meal or you look at the data of NITI Aayog, Uttar Pradesh is continuously going down," he claimed. The former chief minister also said that no books have been distributed in primary schools yet. "Leader of the House (Chief Minister Yogi Adityanath) mentioned Akshaya Patra in his speech. I want to know why the job of modernisation of kitchens (in schools) given to Akshaya Patra by our government was taken back?" he asked. Yadav also accused the ruling dispensation in the state of 'attacking' the police. "... In Rampur, police (personnel) were beaten up and intimidated with revolvers. A BJP

Urbanisation and development

The relation between economic growth rate and the degree of urbanisation is mutually reinforcing, as higher economic growth results in high incomes that influence the rate of urbanisation

Govt spent nearly Rs 100 trn on development, social sector schemes in 8 yrs

The numbers posed by the former finance minister fall way short of the mark as development expenditure was nearly four times

Development works will be carried out without bringing in politics: Gadkari

Senior BJP leader and Union Minister Nitin Gadkari on Saturday said that development works, be it in Maharashtra or India, will be carried out without bringing in any kind of politics. Speaking at the inauguration ceremony of two National Highway projects in Sangli, the Union transport minister said he considers himself an "ambassador of Maharashtra" and feels that the state should emerge on top in the country. "In the last seven years of my tenure, I got an opportunity to execute development works worth Rs 5 lakh crore in Maharashtra. I was in port, shipping, water resources, MSME and road transport (as a minister), but I always considered myself an ambassador of Maharashtra and feel that the land of Chhatrapati Shivaji Maharaj should prosper and flourish," Gadkari said. If any state should emerge as number one, it should be Maharashtra, he said. The minister further said that development works will be carried out without bringing in any politics and assured that the demands put .

Govt to soon appoint three independent directors on NaBFID board

With the appointment of three independent directors, sources said, the formation of full board would be completed

Will implement SEDP from 2022-23 fiscal: Mizoram CM Zoramthanga

The SEDP is the flagship programme of the Mizo National Front (MNF) government

China developers stare at a $197-bn problem as debt and wages pile up

The industry will need to find at least $197 billion to cover maturing bonds, coupons, trust products and deferred wages to millions of migrant workers

Project development cells in 29 depts to fast track investment: Govt

The cells enhance the pipeline of investible projects in India, it said