Properties posted by sai ram
Homebuyers Are Now Financial CreditorsHomebuyers will now be recognised as “financial creditors” under the insolvency law, with President Ram Nath Kovind giving his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, on June 6. The ordinance was approved by the Cabinet on May 23.
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.
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.
Here’s How Metro Line VI Will Impact Property PricesThe Line VI of the Mumbai Metro network will connect Lokhandwala Complex (Swami Samarth Nagar) in Andheri and goes up to Kanjurmarg in eastern suburbs of Mumbai via Jogeshwari and Vikhroli. With an estimated cost of Rs 6,672 crore, the 14.5-kilometre corridor will have 13 stations with interchange option to metro lines 2, 3 and 4. The Mass Rapid Transit System (MRTS) will boost east-west connectivity in the Mumbai Metropolitan Region (MMR).
What Is Fugitive Offenders Ordinance?In March this year, the Union Cabinet, chaired by Prime Minister Narendra Modi, had approved a proposal brought forth by the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, 2018. With President Ram Nath Kovind giving his assent to promulgation of the ordinance, authorities now have the power to attach and confiscate the proceeds of crime and properties of economic offenders fleeing the country.