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1.Naidu inaugurates Rs 1,930 crore highway projects in Andhra Pradesh

Venkaiah Naidu has inaugurated National Highway projects in Andhra Pradesh worth Rs 1,930 crore. According to a statement released by the Ministry of Shipping, Road Transport Minister Nitin Gadkari and Andhra Chief Minister N Chandrababu Naidu will also be present at the event.


2.COUNTRY DEVELOPER

In a boost to the government's ambitious Smart Cities mission, Urban Development Minister M Venkaiah Naidu recently announced 30 more cities across the country to be developed as smart cities.


3.Chennai Metro Project (Phase-I) Underground Section launched; JICA promotes smoother travel and boosts prosperity

The Chennai Metro Rail Project (Phase-I) underground section from Thirumangalam to Nehru Park was recently inaugurated, heralding a new era of sustainable transport in Chennai. The flag off ceremony was attended by many dignitaries such as Edappadi K Palaniswami, Chief Minister of Tamil Nadu and Venkaiah Naidu, Union Minister for Urban Development.


4.8,000 construction workers to be trained pan India – PNB Housing Finance signs MOU with CREDAI

Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance has signed an MoU with CREDAI (The Confederation of Real Estate Developers Association of India) to train 8,000 construction workers pan India.


5.Real-Estate Sector Post Remonetisation and RERA

Under the urban component of the Pradhan Mantri Awas Yojana (PMAY), the government has thus far approved the construction of over 16 lakh affordable houses with an investment of about Rs 90,000 crore, for which central assistance of about Rs 25,000 crore has also been approved.


6.India to accelerate $ 200 billion smart cities projects

When the 60 winning cities (with proposals worth over Rs 1.31 lakh crore) become smart, it is expected to positively impact the lives of 72 crore urban population. While Rs 1.05 lakh crore will be spent on area-based development plans, Rs 26,141 crore will be spent on pan-city solutions in the next five years.


7.CREDAI will lead the charge to achieve Housing For All

The Confederation of Real Estate Developers' Associations of India (CREDAI), flagged off its prestigious annual flagship summit – CREDAI Conclave 2017 – at Hotel Taj Palace, New Delhi.


8.MoUD proposes to increase urban reform incentive fund six-fold to Rs 3,000 crore annually

To push implementation of various schemes in the urban sector, the Ministry of Urban Development (MoUD) has proposed a six-fold increase in its ‘reform incentive fund’ to over Rs 3,000 crore annually, over the next three years.


9.MoUD wants states and cities to go beyond taking small steps for rapid urban transformation

The Ministry of Urban Development (MoUD) has evolved a new reform matrix to enable state and city governments go beyond the present incrementalism of taking small steps towards implementing transformational reforms over the next three years, for a turn around in urban governance, planning and finance.


10.Venkaiah Naidu calls for Roundtable on Private Sector’s apathy in PMAY

The Minister of Housing and Urban Poverty Alleviation, Venkaiah Naidu, recently directed the Secretary of his Ministry to immediately convene a roundtable with all developers, banks and housing finance companies to deliberate in detail as to why no private sector participation has been enlisted under Pradhan Mantri Aavas Yojana (PMAY) and found out reasons for their reluctance in the scheme.