Adi Heritage

From its previous ranking of 143 on The Heritage Foundation’s Index of Economic Freedom in 2017, India is placed at the 130th spot this year, a jump of 13 positions. However, reforms undertaken by the government to improve the state of affairs have yet to make the desired impact. Unclear land titles are one of the major challenges India faces today, the report indicates.

The 18th-century city of Jaipur is known worldwide for its rich heritage, including beautiful palaces, culture and artisans. However, now the city is all set sync its cultural heritage with modernity, under the Narendra Modi-led government’s ambitious Smart City Mission. Jaipur was selected as for Area-Based Development under the mission. Here are some steps the government would take to blend modernity with its heritage.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.

While states are running way behind schedule as they chase the government’s dram of providing housing to all by 2022, Uttar Pradesh is seen making progress in its villages. India’s most populous state has topped the list in providing homes to its rural poor. The state has fixed a target of building over 10.10 lakh homes under the Pradhan Mantri Awas Yojana–Grameen (PMAY-G). The state has already built over 7.73 lakh, the highest in the country.

The Yamuna Expressway Industrial Development Authority has signed pacts with as many as 28 private players who promised to invest as much as Rs 10,074 crore in the region. To make sure investment promises do not go to cold storage, the agency will soon start the process to allocate land to these companies to set industrial units in the region. If all the companies set their units in the region, 28,000 new jobs will be created, apart from five lakh indirect jobs. This could give a major boost to real estate in the region.