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      • 16th Mar 18

        You Could Drive Faster On Indian Roads Now

        For the first time, India will now have standard speed limits. The Centre has given its approval to increase the highest speed limit for cars in urban areas to 70 kilometre per hour (kmph) up from the earlier 60 kmph. For cargo carriers, the new limit set is 60 kmph, and for two-wheelers it is 50 kmph. Also, the highest speed limit for cars running on expressways has been increased to 120 kmph from the existing 100 kmph. On the national highways, this limit has been raised to 100 kmph from the earlier 80 kmph.
      • 16th Mar 18

        Haryana's No-Ad-On-Metro-Pillars Policy To Hit DRMC, Rapid Metro

        Under the draft Haryana Municipal Corporation Advertisement Bye-Laws, 2018, advertisement of Metro pillars and medians is prohibited. Advertising is also banned on stations, foot-over-bridges and other properties that face the direction of traffic on roads. Reacting sharply to the provisions, the Rapid Metro Rail Gurgaon Ltd has said the bye-laws would be a "death knell" for the network. Upcoming projects in the state, said the body, would also be drastically impacted by these provisions.
      • 17th Mar 18

        Civilian Flights To Take Off From Hindon Airport; To Boost Ghaziabad Realty Market

        Starting of regional flights from the Hindon Airbase, under the regional connectivity scheme (RCS), has been given a clearance by the UP government. Officials are in the process of acquiring land belonging to farmers in the neighbouring Sikandarpur village for the development of passenger facilities. Development of Hindon airbase will not only provide improved regional air connectivity but also boost real estate developments in the neighbouring localities of Ghaziabad and East Delhi.
      • 15th Mar 18

        Demolition Drive Clears 197 Acre Of Govt Land In Delhi’s Asola Village

        On March 14, almost all the illegal structures built over 42 plots in an area of 197 acres in Delhi’s Asola village were demolished. Illegal structures that are still standing would be brought down on March 15. Working on the direction of a Supreme Court-appointed panel, Delhi’s revenue department initiated the demolition work on Wednesday. According to media reports, the area had in total 100 illegal structures with a value of Rs 3,000 crore.
      • 16th Mar 18

        Jaypee Insolvency: 4 Bidders Queue Up To Acquire Jaypee; No Respite For Homebuyers Yet

        Debt-laden real estate company Jaypee Infratech can soon be bought out. Four companies, including Adani Group, JSW, Suraksha Asset Reconstruction Company and a consortium comprising Kotak Realty Fund and Cube Highways, have shown interest in the company. Sources say, Adani Group is the highest bidder claiming Jaypee assets.
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