Delhi Govt Scraps AAP’s Costly Streetscaping Project

02 May 2025 CW Team

The Delhi government has scrapped the Aam Aadmi Party (AAP)’s streetscaping project, which aimed to transform arterial roads into European-style public spaces. Public Works Department (PWD) Minister Parvesh Verma stated that the initiative, costing Rs 10 million per kilometre, was too expensive and impractical given the current state of road infrastructure.

The project had begun in 2021 with 16 pilot stretches covering 40 kilometres. It included shaded seating, decorative lighting, street furniture, and improved walking and cycling paths. In 2020, former Chief Minister Arvind Kejriwal announced plans to redesign 540 kilometres of roads, with an eventual goal of covering 1,400 kilometres.

The Bharatiya Janata Party (BJP)-led government now plans to prioritise long-term road repairs, drainage upgrades, signage installation and decongestion measures. Verma emphasised that Delhi’s roads need structural improvements, not just visual enhancements.

Several completed stretches under the AAP scheme include Ring Road, Vikas Marg, Britannia Chowk to Pitampura, and parts of Aurobindo and Nelson Mandela Roads.

This decision follows a trend of rebranding or revising AAP’s initiatives, such as converting the Mohalla Bus scheme into the DEVI Bus service and Mohalla Clinics into Aarogya Mandirs.

Source:Hindustan Times

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..