Maharashtra offers stress funds for slum development

slum development
The State Housing Minister, Jitendra Awhad informed that Maharashtra has announced relaxations in its slum redevelopment policy to ensure availability of housing for slum dwellers in Mumbai and the Mumbai Metropolitan Region (MMR). The state government will infuse ₹700-1000 crore and the remaining funds will be from banks like SBI. This stress fund will be used for the completion of stuck projects of SRA as the fund will revive them and benefit slum dwellers and developers. On non-cooperative slum dwellers who stall the projects, the government has ensured that with the help of the government machinery under SRA, the authority will ensure slum dwellers vacate the land under development, once the developer has cleared 70% of shanties and is facing problem with the remaining non-cooperative slum dwellers. Under Ease of Doing Business (EODB), the government has reduced certain procedures. For example, a file that would move six tables now will require the approval of three officials. Annexure-II, the list with eligible slum dwellers, will be done by SRA as earlier it would require three organizations including BMC, Collectorate and SRA. The government has decided the rent to be paid to the slum dwellers by developers while carrying out a redevelopment project. In Mumbai up to Bandra, the rent will be ₹12,000 per month and ₹10,000 per month from Bandra to Andheri/Ghatkopar and ₹8,000 per month beyond it. SRA has given a total of 1856 LOIs to developers for carrying out rehabilitation projects.

LiuGong India Appoints New President & Sr. Vice President

LiuGong India announced the appointment of A Krishnakumar as the new President – India effective July 2020 and Alok Jha as new Sr. Vice President – Sales & Marketing effective August 2020. A Krishnakumar brings with Read More ...

BMRCL launches ₹30,695-cr Phase-II of metro rail venture

The Bangalore Metro Rail Corporation has launched the tunnelling work on the Phase-II of the metro project involving an investment of ₹30,695 crore and the CM has set in motion the work by one Tunnel Boring Machine (TBM.) Read More ...

Dilip Buildcon bags ₹1,140-cr highway contract

Dilip Buildcon has bagged a road and highway project worth ₹1,140.50 crore in Telangana. The company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India. The project, having Read More ...

NHAI invites bids for road linking Gurgaon-Mumbai expressway

To accelerate the construction work for the extension of Gurgaon-Mumbai expressway to DND Flyway in Delhi, NHAI has bid out first two packages from DND to Ballabhgarh where the work is scheduled to complete by mid-2023. NHAI Read More ...

Decks cleared for Metro Line 4 in Mumbai

Decks have been cleared to start the construction work on the Metro Line-4. The Bombay high court (HC) has allowed Mumbai Metropolitan Region Development Authority (MMRDA) to cut 357 mangroves for the construction Read More ...

KEC International wins ₹1,192-cr multiple contracts

MD and CEO Vimal Kejriwal informed that the RPG firm KEC International has won contracts worth ₹1,192 crore across its business segments in the domestic and international arena. The engineering firm has secured ₹821 Read More ...

NHAI steers ₹4,000-cr Chandigarh-Ludhiana NH project

NHAI has cleared a ₹4,000 crore project that includes faster connectivity to Chandigarh from Ludhiana. Ministry of Road Transport and Highways informed that this will be part of the upcoming Delhi-Amritsar-Katra Expressway Read More ...

MoRTH speeds up 401-km four-lane new NH project

The National Highway Authority of India has fast-tracked the project of building 401-km long four-lane highway project crisscrossing Andhra Pradesh and Chhattisgarh. The new road covering 90 km of length in Vizianagaram district Read More ...

AP unveils ₹16,000-cr metro corridor along coastline

The state government in Andhra Pradesh is contemplating to launch a metro rail on the Visakhapatnam coast at an investment of ₹16,000 crore. The DPRs for light metro rail and modern tram corridors is being prepared by the Read More ...

KMDA kick-start ₹600-cr flyover at Ruby crossing

Kolkata Metropolitan Development Authority (KMDA) has hastened the construction work of the 12m high flyover on an elevated corridor at Ruby crossing at an investment of ₹600 crore. The design for the six-lane Ruby flyover Read More ...

Mysuru-Chennai high-speed rail on the anvil

The railway has fast-tracked the 435-km long high-speed rail (bullet train) corridor between Mysuru-Bengaluru-Chennai. NHAI will acquire land to lay tracks for high-speed trains along the greenfield expressways for Read More ...

RBI infuses ₹5,000-cr in National Housing Bank

The Reserve Bank of India (RBI) has extended an additional liquidity facility (ASLF) of ₹5,000 crore to National Housing Bank (NHB). It is over and above ₹10,000 crore already provided for supporting the housing Read More ...

L&T, IRCON & Medha place bid for Zojila tunnel

Larsen & Toubro, Medha Engineering and Infrastructure Ltd and IRCON have placed a bid for the ₹4,400 crore Zojila Pass tunnel connecting Kashmir with Ladakh. The project, earlier awarded in 2017, was terminated after the Read More ...

Cuddalore port in TN gets ₹135-cr expansion

The Union government has approved ₹135 crore expansion of the Cuddalore port which got the environment and CRZ clearances. The plan is to enhance the Cargo handling capacity with the construction of two additional berths with Read More ...

Govt mulls 100% FDI in rental housing scheme

Urban development minister, H S Puri, informed that the government is set to allow 100% foreign direct investment (FDI) in the affordable rental housing as it focuses on economical dwelling solutions for the urban poor where Read More ...

NHIDCL floats tenders for ₹277-cr highway in Sikkim

The National Highways & Infrastructure Development Corporation (NHIDCL) has floated tenders for a two-lane road project in Sikkim in the northeastern region. The scope of work includes the construction and upgrading Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week