Punjab pushes 500-acre townships in Mohali

Punjab pushes 500-acre townships in Mohali
Decks have been cleared for a new Township-cum-Aerotropolis, spread over 500 acres close to the Mohali International airport where it will offer a mix of residential and commercial plots, additional chief secretary, housing and urban development-cum-financial commissioner, Vini Mahajan said that a large chunk of the developed land will go back to farmers depending on the land use they opt for. Aerotropolis is in line with other project like Eco City, Aero City and IT City in the region but will be spread over a much larger area. The response to land pooling has been encouraging so far and new elements have been incorporated to make the scheme attractive for land owners. The exercise will be carried out in a phased manner. For acquisition of four kanals, the original land owner will get the option to either have a 400 sq yard residential site and 100 sq yard shop-cum-office site with floor area ratio (FAR) of 1:3 and basement or a 500 sq yard residential site and 60 sq yard shop site with FAR 1:2. In times to come, the surrounding area will be turned into a hub of economic activity due to better scope for cargo service, car rentals, hotels and retail business, among others.

CCEA approves ₹33, 690-cr for urban infra in Mumbai

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DMRC delivers DPR for ₹3,300-cr twin metro corridors

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Konkan Railway gets ₹600-cr for tunnel project

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NHAI unveils four-lane highway project in TN

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Pune Metropolis gets ₹1,722-cr funding booster

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Hines in JV launches ₹1,900-cr project in Gurgaon

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NHAI takes up four-lane highway widening works

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GST Council offers two options for realtors

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NCR & MMR lead the way in affordable housing

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ASK injects ₹326-cr in a real estate projects

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Railway rolls out ₹894-cr cross-country bridge ventures

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GDA goes for ₹649-cr Hindon-DND flyway project

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New policy to resolve ₹30,000-cr stalled NH projects

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Shapoorji Pallonji wins 7 Awards from CIDC

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Eicher Trucks & Buses Plans to Expand its presence in the African Market

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