#RealtyNewsRoundup: Govt Approves Patna Metro Rail Project
Description
In a boost to public transport in the Bihar's capital city, the Centre has approved the Patna Metro Rail project, comprising two corridors. The two corridors are Danapur to Mithapur and Patna Railway Station to New ISBT. According to the government, the project will be executed in five years, with an estimated cost of Rs 13,365.77 crore.
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Prime Minister Narendra Modi has said his government’s Budget announcements would give a fillip to the real estate sector, which now has to work to improve its credibility with the masses. Addressing a real estate conference organised by developers’ body CREDAI, he said the government was constructing homes under the Pradhan Mantri Awas Yojana (PMAY) at a rapid pace to fulfil its ambitious target of providing housing to all by 2022.
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The Delhi government has launched the web portal of Delhi Archives that would enable the common man to access old land records of over 60 lakh properties online. A registered user can see the chain of any of these properties till 1993.
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The Uttar Pradesh government is likely to launch a land polling policy for future development works that would replace the current land acquisition methods. Once the policy is launched, development bodies in cities such as Lucknow, Ghaziabad, Kanpur and Allahabad would acquire land through the land-polling method.
Source: Media reports