亚博体育官网首页

UP cabinet creates grants for new townships in 7 cities
Real Estate

UP cabinet creates grants for new townships in 7 cities

On Tuesday, the state cabinet established a fund of $10 billion for developing townships in seven important cities in Uttar Pradesh.
The housing department will give funding to development authorities so they can pool the land that will be needed to plan townships.
The local housing development authorities will support the state government's plan to establish townships, which will offer families living in the city's metropolitan districts reputable and high-quality housing options.
On Tuesday, Nitin Ramesh Gokarn, the additional chief secretary for the housing department, said that the funds would be utilized to build townships in Agra, Aligarh, Bulandshahr, Bareli, Gorakhpur, Jhansi, and Chitrakoot.
The agency will allocate a total of $10 billion to give the seven communities the initial push they need to buy land. The cost of purchasing the land will be split equally between the state and the development agencies, with the state paying half of the cost. A nominal interest rate will be imposed on the seed money, which must be returned to the government after 20 years.

On Tuesday, the state cabinet established a fund of $10 billion for developing townships in seven important cities in Uttar Pradesh.The housing department will give funding to development authorities so they can pool the land that will be needed to plan townships.The local housing development authorities will support the state government's plan to establish townships, which will offer families living in the city's metropolitan districts reputable and high-quality housing options.On Tuesday, Nitin Ramesh Gokarn, the additional chief secretary for the housing department, said that the funds would be utilized to build townships in Agra, Aligarh, Bulandshahr, Bareli, Gorakhpur, Jhansi, and Chitrakoot.The agency will allocate a total of $10 billion to give the seven communities the initial push they need to buy land. The cost of purchasing the land will be split equally between the state and the development agencies, with the state paying half of the cost. A nominal interest rate will be imposed on the seed money, which must be returned to the government after 20 years.

Next Story
Infrastructure Urban

Vedanta Aluminium Unveils Wildlife Initiatives on Biodiversity Day

On the International Day for Biological Diversity, Vedanta Aluminium, India鈥檚 largest aluminium producer, announces a series of initiatives dedicated to preserving biodiversity and restoring natural habitats across its operational regions. The company has undertaken wide-ranging measures such as rescuing and safely releasing over a thousand reptiles and small wildlife, developing greenbelts, conducting pond cleaning drives, reintroducing native species, launching large-scale afforestation efforts, and implementing educational outreach programs in local communities to foster a culture of ecol..

Next Story
Infrastructure Energy

THINK Gas Launches Six New LNG Dispensing Stations

THINK Gas, India鈥檚 leading City Gas Distribution company, is accelerating the country鈥檚 transition to low-emission transport by launching six new liquefied natural gas (LNG) dispensing stations. Following the success of its flagship LNG station at Bagroda, Bhopal, three new LNG hubs will open in Anantapur and Nellore in Andhra Pradesh, and Vallam in Tamil Nadu鈥檚 Kanchipuram District by September 2025.A further three LNG stations are planned to become operational by December 2025, supporting long-haul clean mobility infrastructure. These new LNG hubs will be integrated with THINK Gas鈥檚 ..

Next Story
Infrastructure Urban

Haryana Boosts MSME Ecosystem and Digital Governance

The Haryana government has introduced major reforms to enhance ease of doing business, empower micro, small and medium enterprises (MSMEs), and accelerate digital governance in Tier two and three cities. These initiatives follow the 4th Conference of Chief Secretaries and include eliminating 446 obsolete compliance requirements under 14 central and state laws, alongside decriminalising 27 minor offences.As part of the national Reducing Compliance Burden initiative, Haryana has simplified 838 business-facing and 271 citizen-facing compliances. Infrastructure projects above Rs one billion must n..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement