The Chennai Municipal Corporation has been slow in implementing the city's stormwater drain network project, which is funded under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Reports suggest that factors like monsoon, sand scarcity, traffic restrictions by police and hindrance caus
Though delayed, Chennai to get stormwater drains for its 20 key roads. The traffic police, who had concerns about the digging up of roads 'fearing traffic congestion,' has now given the Chennai Corporation permission to resume work on the Jawaharlal Nehru National Urban Renewal Mission-funded project.
New launches dropped 20 per cent YoY in Q2FY2016-17 and the total units launched across eight Tier-I cities this quarter approximately stand at 46,500. Developers are more inclined towards offloading existing inventory than adding more stock.