“Around 21,278 houses have been completed and 1,02,936 are under construction,” Chaitanya Prasad, principal secretary UDHD, said after videoconferencing with Union ministry of housing and urban affairs (MoHUA).
Union housing minister Hardeep Singh Puri said he was confident that sanction for almost all required number of houses will be received by the first quarter of next year and completion of constructions will be achieved by the end of the year.
KSHB managing director Abdul Nasser B said they had conceived the project, pegged at Rs 3,105 crore, taking into account the environmental fragility of the region and would be setting apart close to four acres for afforestation purposes.
The past two years have been riddled with legal notices going back and forth, and now the food and supply department has paid Rs 22.34 crore to the land acquisition officer in the District Collectorate for reoccupying the space.
Municipal chairperson Pramila Sasidharan in her letter to the Union minister on June 20, 2019, requested his intervention to complete the development activities within the Mission period. Many of our projects are passing through the roads under public works department (PWD) national highway (NH) division.
DPT will also initiated talks with the local timber association to set up a furniture park with an aim is to make Kandla the furniture hub of the country as 70% of India’s timber imports happens from this port.
The company, which recently entered into an agreement with DB Realty to transform the sixdecade-old Kamalistan Studio in Mumbai, has acquired 30 acres in Gurugram to add to its growing office portfolio.
The land acquisition wing at district collectorate has sent a detailed report on the package to the land revenue commissioner for approval. A notification will be issued once the commissioner approves it.
Both partners, an affiliate of Warburg Pincus and Runwal, will commit $200 million each in the form of equity and will also raise additional $600 million in the form of debt to create a total corpus of $1 billion.
Investments will be done over the next three years and the joint platform will look at potential hotel assets in India, it said, adding fully operational hotels in the luxury, upper upscale and upscale segments in India.