Uttar Pradesh to form township policy before global investor summit
Real Estate

Uttar Pradesh to form township policy before global investor summit

Taking note of the Noida twin towers, which were demolished last month on the order of the Supreme Court for flagrant violation of norms, the Uttar Pradesh government is developing a new township policy to serve the real estate sector and attract private investment. The proposed policy is expected to be ready by the end of the month, in time for the mega UP global investor summit in January 2023. The state government is aiming for a Rs 10 trillion investment. In recent years, UP has attracted nearly Rs 310 billion in private investment in a variety of township and integrated township projects. However, the state believes that a modern township policy would be better served in the interests of all stakeholders.

Also read:
Tier-II cities emerge as growth drivers for residential realty
Commercial real estate more lucrative than residential

Taking note of the Noida twin towers, which were demolished last month on the order of the Supreme Court for flagrant violation of norms, the Uttar Pradesh government is developing a new township policy to serve the real estate sector and attract private investment. The proposed policy is expected to be ready by the end of the month, in time for the mega UP global investor summit in January 2023. The state government is aiming for a Rs 10 trillion investment. In recent years, UP has attracted nearly Rs 310 billion in private investment in a variety of township and integrated township projects. However, the state believes that a modern township policy would be better served in the interests of all stakeholders. Also read: Tier-II cities emerge as growth drivers for residential realty Commercial real estate more lucrative than residential

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?