Current stamp duty at 6% will come down to 5% in Mumbai, Pune and Nagpur. March 2020
Current progress of works in the city: Total 20 projects are identified in the Smart City Proposal, of which, two projects have been completed. Work order has been issued for four projects and one project has been tendered out. DPR is under preparation for the remaining 13 projects. We have issued work order for design and construction of roads, bridges, culverts, sidewalks and MEP works on the TenderSURE concept for ABD under Nagpur Smart City Project (Project TenderSURE). Preliminary works such as surveys and road marking have been commenced by the contractor. We have also issued tenders for the project Home Sweet Home, which includes construction of 1,024 dwelling units for the resettlement and rehabilitation of project affected people under the town planning scheme. DPR for multi-level car parking is under preparation. And, under pan-city, installation of GPRS in buses has been completed and smart bus-shelter is under progress. Also, 136,000 LED lights will be installed in 10 zones of the city, of which, 48,571 LED lights have already been installed.
DPR under preparation:
Total budgeted amount towards the city’s civil infrastructure works: As of now, the total estimated cost towards civil infrastructure works is around Rs 9.70 billion. The amount spent till date is around Rs 1.80 billion
- RAHUL KAMAT