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

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..