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7 Interesting Facts About Sahara-Owned The PlazaNew York’s iconic Plaza Hotel is likely to be bought by Katara Holdings, a Qatar-based organisation, for $600 million. Sahara India, which has been under financial debts and has been trying to sell its share in the hotel. It holds 75 per cent stake in the property.
All You Need To Know About Ghaziabad MetroThe Delhi Metro is constructing a Metro line in Ghaziabad that would connect New Bus Stand with Kashmere Gate ISBT, Rohini via Dilshad Garden. The metro line is expected to get operational by September 2018. The new Metro line will pass through the Sahibabad Industrial Area and will significantly impact the residential areas lying in proximity where the infrastructure is poor.
Tier-II Cities Top The Charts In Smart City RankingsThe Ministry of Urban Development has released smart city rankings which places Nagpur on top, followed by Vadodara and Ahmedabad. These rankings were based on various parameters, including expenditure, project implementation and performance of civic bodies in the past four years. Out of 99 smart cities, 12 were not evaluated since the third list was released very recently.
Much-Delayed Dwarka Expressway Is Nearing CompletionSince “all obstacles have been removed”, the 29-kilometre Dwarka Expressway could be ready in another one-and-a-half year, says Gurugram Metropolitan Development Authority Chief Executive Officer V Umashankar. The project, aimed at decongesting the Delhi-Gurgaon highway, was stuck owing to land acquisition issues at New Palam Vihar and Kherki Daula.
Ghaziabad Property May Get Costlier With GDA HikingRates of property in Ghaziabad are likely to go slightly up with the city development authority hiking development charges. The 3.03 per cent increase in the fee comes into effect from April 1 this year. Before the hike came into effect, developers had to pay Rs 3,024 per square metre (psm) as development charge. They will now be paying Rs 3,114 psm.