#RealtyNewsRoundup: Yogi Plans To Roll Out Metro Network In Gorakhpur

The chief minister Yogi Adityanath-led government in Uttar Pradesh has scrapped the previous government's pet Samajwadi Awas Scheme and favoured the Centre-sponsored Prime Minister's Awas Yojana to provide affordable housing to the masses. The new government also plans to roll out a Metro network in Gorakhpur.

Bihar Chief Minister Nitish Kumar has given an in-principle approval to the draft Bihar Real Estate (Regulation and Development) Rules, 2017. The CM has directed the state urban development and housing department to table it before the State Cabinet for approval so that the law can be notified before April 30.              

The Union Cabinet has approved the amendments to the Requisitioning and Acquisition of Immovable Property Act, 1952. According to media reports, the amendments will take care of the cost variation of lands when they are sold due to non-completion of projects by the government.

Union Urban Development Minister M Venkaiah Naidu has said that a grant of Rs 1.34 lakh crore have been approved for the Smart City plan for 60 cities. While around Rs 77,000 crore investment has been approved for urban transformation, an investment of over Rs 95,000 crore has been approved for the construction of 17.6 lakh affordable houses.

Source: Media reports