The Modi sarkar´s 100-day report card indicated that the PM has to work much harder at the process of integration of state governments with the Centre so that local issues see quicker resolution. This can very well happen in states with NDA rule
Despite the infrastructure 'boom', the industry has failed to adhere to the momentum expected from it in terms of project execution. Janaki Krishnamoorthi delves into the reasons behind this and discovers that corruption, lack of transparency and rigidity must be eradicated for India to live up to its potential.
The Govindpur-Sahebganj road at Koraiya village under Dumka block commenced recently. The 311-km road is being constructed with the help of Asian Development Bank. The bank for the construction of the road has approved an amount of Rs 907.4 crore.
The Asian Development Bank (ADB) is expected to lend over Rs 900 crore to upgrade around 433 km of roads in the North Eastern states. The centre has plan-ned to improve key road network in the region at an estimated cost of Rs 1,353 crore out of which Rs 908 crore will be provided by ADB.
National Housing Bank (NHB) Residex, the residential housing price index figures from April to June this year, points out that Bhopal topped in residential prices, with an increase of 33.73 per cent followed by Faridabad 33.38 per cent, Kochi 24.30 per cent and Surat 16.60 percent.
According to realty research firm, PropEquity, launch of housing projects across top eight cities dropped 31 per cent since the September-December 2010 quarter. This has been due to the widening gap between demand and supply of apartments.
Volatility in the market and hike in po-licy rates by Reserve Bank of India (RBI) dampened sales of real estate properties with volumes declining about 20 per cent in August 2011 compared to August 2010.