Delhi: In addition to the existing 65 km, 128 km to be added in Phase 2 by 2010; Metro to reach suburbs of Noida, Ghaziabad and Gurgaon
Kolkata: Work in progress for extension (by 8.7 km) to Garia; completion target: Dec 2009; proposal for new East-West corridor under evaluation
Bengaluru: Work has started on 41 km network with 36 stations in Phase 1; completion target: December, 2011
Mumbai: Construction on 11 km Versova-Andheri-Ghatkopar corridor started in Feb 2008 completion target: 2010
Hyderabad: Three high density traffic corridors (66 km), Work to start in July 2008; viability gap funding under evaluation by the Centre
Chennai: Two corridors covering 45 km in Phase I; Status: The project has been forwarded to the Planning Commission
Kochi: Proposal for 27 km network from Aluva to Tripunithura under evaluation by the Central govt Chandigarh Urban Development Ministry has given in principle clearance
Ahmedabad
Bhopal
Indore
Jaipur
Pune
Rajkot
Vijayawada
Visakhapatnam
Mission cities: 63 City development plans
submitted: 63 Detail project reports
submitted: 702
Projects approved: 302
Value of projects sanctioned: Rs 26,875 crore
Central assistance approved for release: Rs 2,978 crore
Of the 300 projects approved under JNNURM for the 63 cities, 90 will be completed in 2008
Upgradation to International Airports
Ahmedabad
Amritsar
Guwahati
Goa
Thiruvananthapuram
Nagpur Greenfield international airports
Bengaluru
Hyderabad
Likely to be commissioned by middle of 2008
Greenfield airports
Goa
Pune
Navi Mumbai
Greater Noida
Nagpur
Modernisation & expansion
Delhi
Mumbai
Work in progress
Chennai
Kolkata
To be taken up for modernisation There is a plan for the development of other 35 non-metro airports
As the largest real estate developer in the country, the Government has a huge influence over the real estate market. Urban Development Secretary M RAMACHANDRAN tells Money Today what is on its agenda for 2008 On Property Prices High property prices are a cause for concern for the government because we want to provide affordable housing to all. We have asked government bodies like the Delhi Development Authority to focus on middle-income housing. The government is doing its best to release enough land. On Land Reforms We have persuaded many states to repeal the Urban Land Ceiling Act. Apart from this, the repeal of the Rent Control Act will encourage owners to rent out property. This can bring significant units into the market. However, since real estate is not a controlled sector, we'll have to let market forces take their course too. On Real Estate Regulator We are thinking of a regulator only for Delhi because real estate is a state subject. We are hoping that other states will also emulate this example and set up bodies to which individuals can approach if a developer does not fulfil its promise. On Municipal Bonds Some cities have already floated municipal bonds to finance local infrastructure projects. The idea is to make the balance sheet so vibrant that people will feel encouraged to invest in these municipal bonds. On Stamp Duty Rationalisation Assam is the first state to bring down the stamp duty to 5%. All states have committed to bring down stamp duties by 2012. Even Kerala which has a stamp duty of 13% and was apprehensive of cutting stamp duty fearing revenue loss has now committed to bringing it down. |
