Work on 16 lane expressway to resume
Apr 03, 2014
Source : The Economic Times
 
GURGAON: Legal hurdles coming in the way of the under-construction 16-lane expressway from the Delhi-Gurgaon border to Sector 55-56 seems to have been resolved with the National Green Tribunal (NGT) giving its approval to resume the construction work.

The residents of the National Media Centre had approached NGT asking it to halt construction work, alleging that DLF and HUDA were encroaching on the green belt that belonged to them.

In a fresh hearing on Tuesday, an NGT bench headed by Jyothimani said the road widening project does not unduly affect the residents of the nearby areas. It also said that it has to be respectfully accepted as a proposition of law that individual interest or, for that matter, smaller public interest must yield to the larger one.

The upgrade of HUDA sector road is being jointly carried out by the authority and DLF. The 16-lane expressway is an 8.3-km signal-free corridor connecting NH-8 to Golf Course Road.

According to the NGT order, the road was being constructed to enhance traffic flow, subject to environmental safeguards. According to the provisions of the Forest Conservation Act, 1980, the project road does not fall in the forest reserve area as informed to the Supreme Court by the state government.

The order also stated that efforts are also being made to transplant trees if it is feasible and to plant at least 10 trees for every tree cut. As per the revised plan only 26 trees will be required to be cut near the NMC on the land which belongs to the government. No tree on the land belonging to the NMC will be cut.

According to DLF, it has already planted 11,000 saplings and approximately 165 trees have been re-transplanted. "We are focused towards maintaining a balance between the environment and development while executing the project. This project will provide an optimum solution for smooth traffic movement, reducing traffic congestion and bottlenecks in Gurgaon. The widening of the road will also contain the ambient noise," said a DLF official.

 

Latest Realty News

NCR realtors to clear stock this navratri season
Apr 03, 2014
DELHI: THIS navaratri both Gurgaon and Noida realtors though focusing on clearing inventories, are going with their independent strategy. Gurgaon developers are doing everything to meet their project completion deadlines so as to expedite sales whereas Noida realtors are doling out freebies and discounts to rap up inventories.
Work on 16-lane expressway to resume
Apr 03, 2014
GURGAON: Legal hurdles coming in the way of the under-construction 16-lane expressway from the Delhi-Gurgaon border to Sector 55-56 seems to have been resolved with the National Green Tribunal (NGT) giving its approval to resume the construction work.
Delhi-NCR outlook promising in 2014
Apr 03, 2014
DELHI: Hyman Minsky, the noted American economist, linked an economy's life cycle with speculative investment bubbles which are endogenous to it. He stated that during prosperous times when the economy booms, corporate cash flows rise higher than corporate debts, and this leads to speculative euphoria.
Important facts you don’t know about home loan
Apr 03, 2014
DELHI: Home loan is the driving force behind the Indian residential real estate market. Without home loan, a large portion of the Indian population would be forced to live in rental houses.
Work speeds up on Dwarka Expressway
Apr 03, 2014
DELHI: Dwarka Expressway has emerged as one of the most sought-after real estate destinations in the National Capital Region (NCR).
Interest on home loan from employer may get tax sop
Apr 02, 2014
DELHI: The finance ministry has proposed to allow tax deduction against intrest on loans taken from employer for self-occupied property in addition to home loans from banks, a concession that was not offered in the DTC Bill introduced in Parliament.
Developers hail RBI policy; demand easing of interest rate
Apr 02, 2014
DELHI: Realtors’ body CREDAI today hailed the RBI’s decision to keep policy rates unchanged saying this indicates interest rates have peaked and hoped rates would come down in near future, giving boost to economic growth as well as housing demand.
Sohna no longer poor cousin of Gurgaon
Apr 02, 2014
DELHI: Sohna is to Gurgaon what Gurgaon is to Delhi. Sohna Road, which once used to be the other end of Gurgaon, is now the hottest destination in the town after MG Road. The bumpy two-lane road has been replaced by a six-lane highway which is busy 24×7.
Developers hail RBI's decision to keep policy rates unchanged
Apr 02, 2014
DELHI: Realtors' body CREDAI today hailed the RBI's decision to keep policy rates unchanged saying this indicates interest rates have peaked and hoped rates would come down in near future, giving boost to economic growth as well as housing demand.
As election nears, property buyers turn fence-sitters
Apr 01, 2014
DELHI: Businesses ranging from print media to SUV-makers do brisk business if elections are around the corner. But real estate majors claim that the polls this year have aggravated the slowdown.

Latest Realty News Of State

Realty Talk's