Govt approves new building construction for Puducherry legislation
Real Estate

Govt approves new building construction for Puducherry legislation

The government has approved the construction of a new assembly building for the Puducherry legislative assembly.

On Thursday, the officials said that the Centre has agreed to allocate Rs 200 crore in the current fiscal year and Rs 100 crore in the next fiscal years for the construction of the new legislative building.

The Puducherry legislation is currently operating in a building constructed by the French and the Secretariat in another building on the beach road.

Prior to this, there was a demand for the construction of an integrated assembly complex constituting the Chief Secretariate at Rs 310 crore.

R Selvam, Speaker of the assembly, met the Finance Minister Nirmala Sitaraman and submitted a letter from the CM N Rangaswamy, wanting financial support from the Speaker of Lok Sabha, Om Birla.

For the new assembly construction, the government's land at Thattanchavady was identified, which was appraised by the Centre and then received approval for the building construction.

Image Source


Also read: Government spent Rs 238 cr on the new parliament building

The government has approved the construction of a new assembly building for the Puducherry legislative assembly. On Thursday, the officials said that the Centre has agreed to allocate Rs 200 crore in the current fiscal year and Rs 100 crore in the next fiscal years for the construction of the new legislative building. The Puducherry legislation is currently operating in a building constructed by the French and the Secretariat in another building on the beach road. Prior to this, there was a demand for the construction of an integrated assembly complex constituting the Chief Secretariate at Rs 310 crore. R Selvam, Speaker of the assembly, met the Finance Minister Nirmala Sitaraman and submitted a letter from the CM N Rangaswamy, wanting financial support from the Speaker of Lok Sabha, Om Birla. For the new assembly construction, the government's land at Thattanchavady was identified, which was appraised by the Centre and then received approval for the building construction. Image SourceAlso read: Government spent Rs 238 cr on the new parliament building

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement