#RealtyNewsRoundUp: MMRDA Presents Rs 12,157-Cr Budget For 2018-19

The Devendra Fadnavis-led Maharashtra government has approved the Mumbai Metropolitan Region Development Authority’s (MMRDA) Rs 12,157-crore Budget for 2018-19 fiscal. This is a rise of 74 per cent from last year’s budget of Rs 6,976 crore. Of the total allocation, the MMRDA has set aside Rs 4,700 crore for seven upcoming Metro corridors and Rs 2,100 crore for the country’s longest sea-link, the Mumbai Trans Harbour Link (MTHL).

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The Union environment ministry has warned government agencies in the national capital, including the Delhi Development Authority, the Delhi Metro Rail Corporation and the National Highway Authority of India, to ensure that dust mitigation steps are taken at their construction sites. In case of any failure, the erring agency should be ready to face action, the ministry told senior officials of the Delhi government at a meeting held on March 21.

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Indian cricket team skipper Virat Kohli has cancelled the purchase of a luxury apartment that is being built by Omkar Realtors & Developers in Mumbai’s Worli. According to media reports, the cancellation deed was prepared on March 20 and registered the next day. Kohli purchased the 7,000-square-foot apartment on the 35th floor of Tower C of super-premium project Omkar 1973 project for Rs 34 crore in June 2016.

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The Noida Authority has started the process to acquire 54 hectare of land in two villages that are to be handed over to applicants to be developed as farmhouses. On March 21, Noida Authority chief executive officer along with senior officials of the district administration met the protesting farmers ─ they have been agitation since March 1 after it became public that the Noida Authority was going to revive its attempts to acquire land ─ to resolve the compensation issue.

Source: Media reports