Housing Ministry to incentivise planned urbanisation of peri-urban areas
Real Estate

Housing Ministry to incentivise planned urbanisation of peri-urban areas

The Ministry of Housing and Urban Affairs is focusing on promoting planned urbanisation in peri-urban areas to curb haphazard growth and illegal construction. As part of its recommendations to the Sixteenth Finance Commission, the ministry aims to incentivise state-level planning for urban expansion in these areas. The commission, which will finalise its recommendations by October 2025, seeks to improve the revenue generation of urban local bodies while encouraging sustainable development.

This shift in focus from urban to peri-urban areas follows the Fifteenth Finance Commission's emphasis on cities, marking a new approach to urbanisation in India. The ministry has established sub-groups to address various aspects of urban planning, including political and administrative reforms.

The Ministry of Housing and Urban Affairs is focusing on promoting planned urbanisation in peri-urban areas to curb haphazard growth and illegal construction. As part of its recommendations to the Sixteenth Finance Commission, the ministry aims to incentivise state-level planning for urban expansion in these areas. The commission, which will finalise its recommendations by October 2025, seeks to improve the revenue generation of urban local bodies while encouraging sustainable development. This shift in focus from urban to peri-urban areas follows the Fifteenth Finance Commission's emphasis on cities, marking a new approach to urbanisation in India. The ministry has established sub-groups to address various aspects of urban planning, including political and administrative reforms.

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