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The Noida Versus Gurgaon DebateLet us look at how different or similar the two prominent property markets in the national capital region are.
Delayed For A Decade, RTR Flyover Still Struggles FoThe Raja Tula Ram Flyover was proposed as a two-carriageway stretch but got converted into a single-lane flyover in 2009 due to objections raised by the residents calling it a constant source of ‘noise pollution’. While the single-carriageway flyover created further traffic bottlenecks, a parallel road was finally proposed in November 2014 which has already missed three deadlines. Now, the latest deadline has been set to December 2018 for which the Public Works’ Department is racing against time.
Centre Plans Strengthening North-East Region With EnThe Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.
All You Need To Know About Mumbai Coastal RoadThe first phase of the Mumbai Coastal Road project, a proposed 34-kilometre freeway running along the western coastline, is expected to begin by October 2018. The freeway will link Princess Street Flyover near Marine Lines to the south-end of the Bandra-Worli Sea Link (BWSL) under Phase-I and upto Kandivali under Phase-II. The project will be developed at an estimated cost of Rs 15,000 crore and will decongest the Western Express Highway and boost real estate developments across the western Mumbai.
Cidco To Develop Nerul Along The Lines Of Santa CruzIn order to replicate the commercial aura around the Mumbai airport, the City and Industrial Development Corporation (Cidco) is going to develop a 1.3-hectare plot in Nerul for a residential-cum-commercial purpose, just like Santa Cruz in Mumbai. The Cidco has invited applications for lease for this prime property which would also push the annual revenue of the agency by Rs 400 crore.