#RealtyNewsRoundUp: Focus On Impactful Smart City Projects, PM Modi To States

After the review of the status of Smart Cities Mission, Prime Minister Narendra Modi has urged states to focus on public-private-partnership-based smart city projects that can show results in next one year. Following the directive, the housing and urban affairs ministry has identified 261 impactful and PPP projects worth Rs 31,000 crore and Rs 32,000 crore, respectively, the states can focus on.

Quick Update On Pune Smart City

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After Bank of Baroda made a petition with the National Company Law Tribunal (NCLT) against Amrapali Silicon City, it is the homebuyers now who plan to move the Supreme Court against the developer. The homebuyers have converged to seek solutions after the liquidation proceedings were announced.

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Amid heavy security, the Noida Authority has managed to free 20,000 square metres of encroached land worth Rs 200 crore from the land mafia. The land freed is located at Gheja village between sectors 82 and 93 and is marked for commercial use.

What Does The Law Say About Demolition Of Illegal Residential Units

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The three leading hotels in Delhi's Lutyen's zone -- Hotel Connaught, Asian Hotel and Taj Mansingh – will soon be up for e-auction as the New Delhi Municipal Council (NDMC) plans to invite bids. The move comes nearly six months after the civic body had given a go-ahead for auctioning it. The e-auction will be conducted through MSTC Ltd, a central public sector unit while SBI Capital Market Limited will be the transaction advisor for the auction.

Source: Media reports