Popular Infra

The soon-to-be-operational Ahmedabad-Gandhinagar Metro Link project is set to boost property demand in Ahmedabad. Known as Gujarat's financial capital, the city has time and again proved that living in metro cities need not be a costly affair. Based on PropTiger.com data, here are five top localities in Ahmedabad that saw high apartment sales between Oct 2017 and Dec 2017.

Delhi's Indira Gandhi International Airport is now among the top 20 busiest airports in the world with a yearly traffic of 63 million. To keep up with the growing footfall and serve the flyers better Delhi International Airport Ltd is planning to expand the existing terminals. Also, the Delhi Metro will be expanding its services to the Terminal 1 through the Magenta Line which would be fully operational by the end of April.

Causing huge traffic jams and breaking down of vehicles, Noida roads are known for all the wrong reasons. The Noida Authority, however, now plans to up its sleeves and begin the task of resurfacing the damaged roads covering 300 kilometres of area. The drive will include all the arterial corridors which experience high traffic, internal roads in the residential and industrial pockets of the town and roads which have not been repaired in the last four years. The authority is presently awarding contracts worth Rs 300 crore for the road resurfacing work which is likely to begin in a few days.

Transport Minister Nitin Gadkari has announced that work on the Delhi-Mumbai Express Highway would start soon. The Delhi-Mumbai Expressway is a greenfield access-controlled highway developed at a cost of Rs 1 lakh crore and will take three years for completion. Aimed at reducing the travel time between the two cities from 20 hours to 12 hours, the project will also have a new alignment covering several backward areas of the country and lead to industrial growth.

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.