#RealtyNewsRoundup: Andhra Pradesh To Turn Six Towns Into Smart Cities [Video]
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Realty News Roundup is PropGuide's selection of the day's top stories from the real estate sector.
The Andhra Pradesh government has decided to turn six municipal towns into smart cities. The state cabinet gave its nod to transform Srikakulam, Eluru, Ongole, Nellore, Kurnool and Anantapur into smart cities. Visakhapatnam, Kakinada and Tirupati have already been selected for the Smart City project of the Union government.
One of the largest real estate developers in China, the Wanda Group has submitted a proposal for setting up an industrial township at Kharkhoda in Sonepat. A joint venture with the Haryana State Industrial and Infrastructure Development Corporation Limited, the sponsors anticipate that the joint venture will catalyse investment worth Rs 65,000 crore and generate 34,000 direct jobs.
As part of its disinvestment plan, the central government has decided to transfer seven ITDC properties to state governments. Hotel Lalitha Mahal Palace (Mysuru) will be transferred to Karnataka government, Hotel Jaipur Ashok to Rajasthan, Hotel Lake View Ashok (Bhopal) to Madhya Pradesh, Hotel Brahmaputra Ashok (Guwahati) to Assam, Hotel Donyi Polo Ashok (Itanagar) to Arunachal Pradesh, Hotel Pondicherry Ashok to Puducherry and Hotel Patilputra Ashok (Patna) to Bihar government.
Good governance is the key to ensuring that gains of urban development reach all to make cities resilient and sustainable. This was stated by Union Urban Development Minister M Venkaiah Naidu recently. Inaugurating a three-day conference here on housing and urban development, he said: "Governance holds the key in ensuring that no one is left behind in benefiting from the gains of urban development and in making cities inclusive, safe, resilient to cope up with natural disasters and other risks and sustainable."
Source: Media reports