Uttar Pradesh intends to build 100 townships in five years
Real Estate

Uttar Pradesh intends to build 100 townships in five years

The government of Uttar Pradesh anticipates tremendous expansion in metropolitan areas, and during the next five years, plans to establish 100 new townships. Out of the 29 development authorities in the sta...

The government of Uttar Pradesh anticipates tremendous expansion in metropolitan areas, and during the next five years, plans to establish 100 new townships. Out of the 29 development authorities in the state, the larger ones covering Lucknow, Kanpur, Prayagraj, Meerut, Agra, Varanasi, Ghaziabad, Gorakhpur, Meerut, Mathura, Moradabad, and Bareilly will have to set up at least four townships, while the remaining ones have been given the task of setting up two.

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Infrastructure Transport

Akasa Air set to start Gorakhpur flights by end of May

Akasa Air has declared the inclusion of Gorakhpur as the 23rd destination on its network, offering direct connections to and from Delhi and Bengaluru, starting from May 29. The airline stated that the commencement of these flights would establish it as the sole carrier offering daily flights between Bengaluru and Gorakhpur.

In a press statement, the airline mentioned, "With this introduction, the airline reinforces its presence in Uttar Pradesh, with Gorakhpur becoming the fifth destination in the state, following Lucknow, Varanasi, Ayodhya, and Prayagraj." It further added that bookin..

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Infrastructure Transport

UP Govt assigns Rs 100 mn for statewide road safety campaign

In a bid to enhance road safety awareness across Uttar Pradesh, it was announced that the state government had earmarked Rs 100 million for the Transport Corporation. It was mentioned that over 12,000 buses, including those on election duty, would feature slogans and messages advocating safe driving practices.

The decision, which was greenlit in a crucial meeting chaired by the Chairman of the Uttar Pradesh State Road Transport Corporation and Principal Secretary of Transportation, L Venkateshwarlu, was said to underscore the government?s commitment to prioritising road safety initiati..

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Infrastructure Urban

UP Scraps Noida Land Allotment to M3M

The Uttar Pradesh government has revoked the allotment of two land parcels in Noida to the M3M Group, citing undisclosed reasons. This decision underscores the government's commitment to transparency and accountability in land allocation processes.

The cancellation of land allotment reflects the government's effort to ensure fairness in real estate transactions. It signals a commitment to address concerns related to irregularities and maintain integrity in land management practices.

This development is significant in the context of ongoing scrutiny of real estate transactions a..

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Real Estate

Residents Sceptical of Sahastradhara Road Widening

Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.

The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..

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Real Estate

Warburg Pincus Acquires Shriram Housing Finance

Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..

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