State push for road projects
The plan is to set up the entire 13,000-kilotmetres road network within the current financial year
May 28, 2013
Source : The Times of India


KOLKATA: Road projects under the Pradhan Mantri Gram Sarak Yojana (PMGSY) scheme received a push on Monday with the state cabinet passing a proposal to form eight programme implementation units (PIU), which will look after the road construction projects in seven districts.


State panchayat minister Subrata Mukherjee said that the state is already working on developing 9,000 kilometres road under this scheme. "In addition to this, another 4,000 kilometres road will be developed. And this can be done if the programme implementation units (PIU) are in place. While South 24-Parganas, Birbhum, Jalpaiguri, Bankura, South Dinajpur and Nadia will get one PIU each, West Midnapore will get two PIUs. Also, the PIU in Malda will be upgraded and there will be an additional PIU in Darjeeling," Mukherjee said. Apart from these PIUs, the state will also create 173 temporary posts for this purpose.


Mukherjee said that for the 9,000-kilometres road network, the state has already got the Centre's approval. "The plan is to set up the entire 13,000-kilotmetres road network within the current financial year. Tenders have already been floated for 75% of work," he added.


According to the minister, most of the work is over in Bankura. "Other districts, where there is good progress of work, are Burdwan, Purulia, West Midnapore, and Nadia," the minister said. According to the PMGSY scheme, 75% of funds will be provided by the Centre and the remaining 25% will be borne by the respective state governments.


The bifurcation of Ratua PS in Malda also got the cabinet nod on Monday

Latest Realty News

The Panvel-New Panvel stretch will witness multiple project possessions
May 28, 2013
The upcoming International Airport at Navi Mumbai has infused new life into the real estate market in the southern suburbs of Panvel and New Panvel, which would be in close proximity to the airport. This has made these locations, one of the most-promising property destinations in Navi Mumbai, today.
Bangalore realty market more positive
May 28, 2013
With a new stable government looking to address some problems of the previous one, and with interest rates falling, Bangalore’s real estate market is looking more positive for buyers and investors than it has been in a while. Given that property prices here have been relatively stable in the past few years also makes it quite attractive.
Builders urged to keep in mind basic consumer requirements
May 28, 2013
Builders in Mangalore have been asked to think about meeting the basic consumer requirements while planning their projects.
Single-window approval for projects sought
May 28, 2013
Credai, the apex body of real estate developers in the country, has urged the Government to introduce single-window approvals for projects at the earliest.
Homebuyers in Noida move Allahabad HC
May 28, 2013
Homebuyers of Noida Extension have filed a writ petition in the Allahabad high court demanding a complete stay on the cancellation of bookings of housing units, which is being carried out by a few developers in the region
Noida land prices may zoom
May 28, 2013
Buying a house or land in Noida, Greater Noida and along the Yamuna Expressway has become costlier. At a board meeting on Monday, three development authorities for these areas announced a substantial rise in allotment prices across all categories of land.
Realty firms tweak norms to push sales
May 28, 2013
Sluggish commercial market is prompting developers, occupiers and financiers to come up with different ideas to protect their interest and get things going. While developers are tweaking their offerings along with easier payment structures, including installment option, private equity players are opting for strata buys rather than acquiring entire projects for complete control.
Housing prices rise by around 1 pc in 20 major cities: NHB
May 28, 2013
Housing prices have increased marginally by an average 1.1 per cent in 20 major cities, including Delhi and Mumbai, in January-March 2013 over the previous quarter due to slowdown in demand, National Housing Bank said today.
YES Bank CEO Rana Kapoor's family buys Rs 128 cr house next to Mukesh Ambani's Antilla
May 28, 2013
The family of YES Bank BSE 0.11 % CEO and managing director Rana Kapoor has bought a residential building - jointly owned by Citibank and GlaxoSmithKline - on tony Altamount Road in Mumbai for Rs 128 crore, and plans to build a home there. The building is next to Mukesh Ambani's 27-storey Antilla.
Indiabulls Real Estate can move to Rs 110: Tulsian
May 28, 2013
SP Tulsian said "By and large, I am keeping a positive view on all the real estate stocks whether you talk of the Indiabulls Real Estate or Prestige Estate , Anant Raj . Maybe because Indiabulls Real Estate has a good presence in Mumbai, the three pockets - National Capital Region (NCR), Bangalore and Mumbai are really doing quite well."

Latest Realty News Of State

Realty Talk's