JDA to take NCRPB loan on behalf of Jaipur Metro

23 Dec 2022 CW Team

Months after the Finance Department gave its approval for the construction of Line 1C and Line 1D of the Jaipur Metro, the Urban Development and Housing (UDH) department has assigned the Jaipur Development Authority (JDA) to take loan on behalf of Jaipur Metro Rail Corporation Ltd (JMRCL) and fund the projects.

The civic authority is reportedly soon to apply for a loan from the National Capital Region Planning Board (NCRPB).

“In a recent meeting of the UDH Department, it was decided that JDA will take loan on behalf of JMRCL because the latter doesn’t have credibility to take a loan of such a huge amount.

“It is common with transport corporations, who often run at operational losses. JDA has this credibility because of its assets – mainly several land banks in its possession,” a senior UDH department official was quoted as saying.

In November 2022, the Finance Department gave clearance for construction of Line 1C of Jaipur Metro. This extension would connect a 2.26 km stretch from Badi to Transport Nagar on the Delhi-Agra Highway.

Earlier, in October 2022, the department had given approval for Line 1D of Jaipur Metro in which metro services will be extended for a stretch of 1.3 km from Mansarovar to Ajmer Road. Together these two projects would cost Rs 11.98 billion.

Real Estate

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..