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7th Pay Commission: Home Sales Likely To Improve, Say Realtors

7th Pay Commission: Home Sales Likely To Improve, Say Realtors

June 30, 2016 in RealtyFact Staff

Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market. Realtors' two apex associations - CREDAI and NAREDCO - said the sector would also benefit from approval to a model law that allows shops, malls and cinema halls, among other establishments, to run 24x7 throughout the year. "It's a very good decision. Hopefully it will lead to wise investment by the government staff for buying homes," NAREDCO chairman Rajeev Talwar said, commenting on approval for Seventh Pay Commission recommendations. CREDAI president Getamber Anand said, "Real estate prices are at a low while gold prices are high and stock market is also up. So we expect that investment will come into the realty sector and transactions will increase." SARE Homes MD Vineet Relia said the pay hike for government employees and pensioners would "help to flush in more liquidity in the market by broadening the channel of purchasing capacity of nearly one crore employees in India". On approval of the Model Shops and Establishment Bill, Mr Talwar, who is also CEO of realty major DLF, said, "It is a positive move. This would lead to increase in employment and economic turnover. Indians should have liberty to shop at any time." Mr Anand said developers would benefit from this law as footfalls and sales in shopping malls would increase. Property consultant CBRE South Asia chairman and MD Anshuman Magazine said, "This is a positive move which will translate into growth across sectors such as e-commerce, organised retail, and the overall services industry, including the daily management of these establishments." The act is expected to bring online and offline retailers at a level playing field and boost employment, he added. "Overall, the retail sector in India stands to benefit from this announcement, including higher footfalls and consumption. In the long-term this could positively impact the warehousing and logistics segment," Mr Magazine said. JLL India chairman and country head Anuj Puri said the retail sector accounts for about 15 per cent of the country's GDP and this is expected to increase further with round the clock operations. "This Act will have to be implemented by states. Once they have implemented it, offline retailers operating in those states will stand to benefit hugely as the Act brings them on a level-playing field with online retailers." "This would also intensify competition between physical and virtual players but benefit consumers and the labour work force,"  (source by:-Realty Fact )  

Haryana CM consents terms and conditions for transfer of HUDA Sectors

Haryana CM consents terms and conditions for transfer of HUDA Sectors

June 29, 2016 in RealtyFact Staff

Haryana Chief Minister Manohar Lal Khattar has approved terms and conditions for transfer of those HUDA Sectors to the concerned Municipal Corporations where more than five years have lapsed after completion of development works.

He also approved the transfer of 33 such Haryana Urban Development Authority (HUDA) Sectors to the Gurgaon Municipal Corporation, an official release said today.

Now, the Gurgaon civic body will look after water supply, sewerage, storm water, street light, roads, horticultural and sanitation services in these sectors, it said.

The move aims at ensuring better maintenance of amenities and greater satisfaction of the residents of those sectors.

Following the transfer, ownership of all open spaces in these sectors would vest with the Municipal Corporation, but the extension fee, transfer fee, other recoveries related to the plots would still be recovered by HUDA, the release stated.

However, 75 per cent of the recovery of the extension fee, building application fee, composition charges recovered by HUDA would be remitted to the Municipal Corporation, by the 15th of this month, and 25 per cent would be retained by HUDA.

The recovery of water and sewerage charges and property taxes would be made by civic body, the release said.

Development of essential infrastructure like provision of slaughter house, meat market, cremation ground, transport nagar, disposal land fill sites for solid waste management and sewerage treatment plants would be done by HUDA

 (source by:-Realty Fact )  

 

Buying A Property In Gurgaon Becomes Cheaper, Circle Rate Slashed

Buying A Property In Gurgaon Becomes Cheaper, Circle Rate Slashed

June 28, 2016 in RealtyFact Staff

The Haryana government on Monday announced its decision to reduce collector (circle) rates  of immovable property in Gurgaon district by 15 per cent, an official said. The lowering of circle rates will bring down the cost of buying property in Gurgaon. The new collector rates lower compared to those of the last year, an official spokesman said here. The new rates have been implemented with immediate effect. Gurgaon Deputy Commissioner T.L. Satyaprakash said that the collector rates have been reduced on the basis of rates prescribed recently for registration of property, market rate and rates of plots and flats fixed by private builders in the district. He said that there has been decrease in property prices in Gurgaon during the last few months, following which decision has been taken to reduce collector rates in the current financial year. Gurgaon district, adjoining national capital New Delhi, has emerged a leading corporate, commercial, industrial and residential hub in the past three decades. Realty prices in the district had shot up manifold till 2012 with government agencies and private builders making the most from the situation. (source by:-Realty Fact)

REAL ESTATE INDIA PM Narendra Modi launches Smart City projects

REAL ESTATE INDIA PM Narendra Modi launches Smart City projects

June 28, 2016 in RealtyFact Staff

Addressing a gathering here after the launch of projects under government’s flagship Smart City mission in 20 cities across the country, he said, “There was a time in our country when urbanisation was considered a big problem. But, I feel differently. We should not consider urbanisation as a problem, but consider it as an opportunity.”

“People in the economic field consider cities as a growth centre…. If anything has the potential to mitigate poverty it is our cities. That is why people from poor places migrate to cities, as they find opportunities there.

“It is now our responsibility to provide strength to cities so that it can mitigate the maximum poverty, in the shortest time, and adds new avenues for development. It is possible as it is not a difficult task,” he said.

As the Prime Minister launched 14 smart city projects in Pune, and initiated 69 other works in other smart cities in the country, he made a plea for working in a comprehensive, inter-connected and vision-oriented manner and not in piece-meal.

“There cannot be a transformation as long as we take things in bits and pieces. We need to adopt a comprehensive, inter-connected and vision-oriented approach,” he said.

Modi added that every city has a distinct identity and the country’s people “who are the smartest” should decide on how to develop urban spaces.

Stressing that the spirit of participative governance is vital, he said people of the cities have to decide about the development of their urban spaces as these decisions cannot be taken by people sitting in Delhi.

He stressed on increased public participation in deciding the course of development of smart cities and called for intense competition among cities to develop them as modern centres of growth.

“If we consider it as a problem, our approach to address it would be the same, but if we consider it an an opportunity we would start thinking differently,” he said.

Modi also took a veiled dig at the previous Congress governments, alleging that while they took the country on the reverse path, his government was finding new avenues to move forward.

Modi said smart cities should not be seen as a fancy concept since the mission is meant for ensuring availability of basic services to people though infrastructure including houses for urban poor in a comprehensive manner.

He referred to extensive use of digital technology in the smart city plans for improving the quality of governance and public services.

Expressing satisfaction over citizen participation in preparation of smart city plans, he said, over 25 lakh people have given serious suggestions to the government, which need to be taken seriously.

“Earlier competition was being run on who was left behind and who are poor. Ways were being found to move backwards. This is a government which is running a competition for finding ways to move forward,” Modi said .

The Prime Minister said it was not as if no work was done earlier or governments did not spend budgets, but wondered how some countries surpassed India in a short period despite attaining independence after it.

“I keep asking this question to myself and wonder. I discuss this with people and analyse old experiences…. if anyone is the smartest it is the citizen of the country.

“If the strength of 125 crore citizens is put to good use and their skills harnessed, they can do wonders. Then one does not require governments, the world will move faster on its own,” he said.

Modi said that is the reason why this smart city concept was evolved through public participation and stressed that if people are empowered and involved in participatory development the country would develop faster.

He urged people to rise to the challenge for improving urban areas and said the era of competition among cities and towns has come to stay.

In his 35-minute address at the Shiv Chhatrapati Sports Complex, the Prime Minister while referring to the “changing” attitudes said gone are the days when the central government was looked as a giver of funds, as it was now being looked at as a source of ideas.

Elaborating, he said that in all the recent surveys, Swachh Bharat Mission was ranked as the most popular of government’ss initiatives since the idea of sanitation appealed to people.

Modi launched the flagship Smart City Mission into implementation mode with the launch of 14 projects of Pune’s Smart City Plan, a year after he set off the programme by releasing its guidelines.

He said urban spaces have to focus on solid and liquid waste management,

The Prime Minister also launched “Make Your City Smart” contest inviting people to come out with designs for street, junctions and open spaces and a “Smart Net Portal” which is a net based platform for sharing of ideas and sourcing of solutions for smart city development.

Minister of Urban Development M Venkaiah Naidu said that the smart city projects launched today were the first shoots of urban renaissance taking place in the country as a result of paradigm shift in the approaches to urban development ushered in by the government. He said what is happening in Pune today was “historic”.

“It is a turning point in the country’s history. We have heard about cultural renaissance, but under Prime Minister Narendra Modi an urban renaissance is taking place,” he said.

Naidu said the the journey towards much desired urban transformation has begun in a ‘Team India’ spirit with the collective effort of people, urban local bodies and state governments.

“This marks the beginning of the much-needed urban transformation,” he said, lauding Modi’s efforts whom he described as a “reformer, performer and transformer”.

Chief Ministers of Andhra Pradesh, Odisha and Rajasthan briefed Modi via videoconferencing on the cities in the respective states selected for development under the project.

Maharashtra Governor Ch Vidyasagar Rao, Chief Minister Devendra Fadnavis, Unions Ministers Venkaiah Naidu, Babul Supriyo and Prakash Javadekar, Maharashtra Minister Girish Bapat were present on the occasion.

Fadnavis said smart cities initiative has taken care of the poor and stands for inclusive governance that will transform cities.

(source by:-Realty Fact)

An Investment Guide To Prime Commercial Properties

An Investment Guide To Prime Commercial Properties

June 27, 2016 in RealtyFact Staff

At the best of times, investing in commercial real estate requires forethought, research and planning. When tracking down the ideal commercial property for business operations or for investment, various factors such as soundness of location, the health of the local job market, current and future infrastructure initiatives in an area and migration patterns into a city play important roles. While the broad guidelines above hold true for any commercial property investment, prime commercial properties require even greater insight and investigation.

Obviously, investing in a commercial property in a prime location can have multiple benefits:

  • It is easier to find tenants for properties in prime locations than in low-demand locations. Finding tenants quickly is important, since it plays a role in yield calculations. Leaving a commercial property vacant for extended periods will result in loss of income.
  • Banks are more willing to give loans to commercial projects in prime locations, since there is very low likelihood of capital loss
  • It is easier for employees to travel to work every day – a major factor, considering that employee retention ranks very high on employers’ list of priorities today

A prime office space purchased for self-use is arguably the soundest business decision any firm can make. Apart from the fact that such a property is extremely convenient to commute to, a commercial office in a prime location increases a firm’s visibility and reputation. It is a visible demonstration of your firm’s commercial worth to your clients, partners and other businesses. Also, the capital appreciation of a prime office property reflects very favourably on a company’s balance sheet.

Prime Locations

Both in terms of business potential and returns on investment, the highest value lies in prime office spaces. Invariably, the ‘prime’ value in commercial real estate is vested in the location, which leads to the question – how does one define a ‘prime location’?

The factors that make a location prime are a function of its overall accessibility within the city, the quality of infrastructure that supports it, the saturation of high-profile companies represented there and the overall quality of buildings in the sub–market. To determine if a location is prime, investors need to examine the following parameters:

  • Can the office property be reached easily via all modes of transport?
  • Is the office property close to major commercial hubs?
  • What is the demand-supply gap?
  • What is the tenant profile of the location? Which industries prefer it and what are their growth potential?
  • Does the location have good social infrastructure such as restaurants, malls, shopping centres etc.?
  • Is the location well-planned (e.g. BandraKurla Complex in Mumbai or has it grown with increased requirements (e.g. Nariman Point, which was reclaimed from the sea?
  • Are there a lot of commercial space transactions happening in this location?
  • Do the buildings have a modern look and feel (e.g. glass façades)?

If the answers to most of these questions are positive, then the location is a prime one.

Prime Properties

The next aspect to determine is whether the project and property meet ‘prime’ criteria, as well. There are over 30 important technical specifications that a commercial property must meet, and this needs to be verified by an expert. If the project is under construction, the buyer or investor must be fully updated on the construction risks, the developer’s track record, etc.

The project and property must also be assessed for:

  1. Repositioning potential
  2. Refinancing potential
  3. Refurbishment potential.

Finally, prime locations and prime commercial properties in them naturally come with prime prices. Since returns on investment are important, one must determine whether the location will also offer good capital appreciation.

Regardless of whether the purpose of buying a commercial property is self-use or investment, using the services of a reputed real estate consultant is a key factor for success. Expert, research-driven advice can ensure that one is not buying into a property or location which has or will have major drawbacks high vacancies and result in low returns on investment.

(source by:-Realty Fact)

 

PM Narendra Modi launches Smart City projects

PM Narendra Modi launches Smart City projects

June 27, 2016 in RealtyFact Staff

Making a strong pitch to consider urbanisation as an opportunity to mitigate poverty and not as a problem, Prime Minister Narendra Modi on Saturday said cities have to be strengthened through comprehensive and inter-connected approach combined with increased public participation.

Addressing a gathering here after the launch of projects under government’s flagship Smart City mission in 20 cities across the country, he said, “There was a time in our country when urbanisation was considered a big problem. But, I feel differently. We should not consider urbanisation as a problem, but consider it as an opportunity.”

“People in the economic field consider cities as a growth centre…. If anything has the potential to mitigate poverty it is our cities. That is why people from poor places migrate to cities, as they find opportunities there.

“It is now our responsibility to provide strength to cities so that it can mitigate the maximum poverty, in the shortest time, and adds new avenues for development. It is possible as it is not a difficult task,” he said.

As the Prime Minister launched 14 smart city projects in Pune, and initiated 69 other works in other smart cities in the country, he made a plea for working in a comprehensive, inter-connected and vision-oriented manner and not in piece-meal.

“There cannot be a transformation as long as we take things in bits and pieces. We need to adopt a comprehensive, inter-connected and vision-oriented approach,” he said.

Modi added that every city has a distinct identity and the country’s people “who are the smartest” should decide on how to develop urban spaces.

Stressing that the spirit of participative governance is vital, he said people of the cities have to decide about the development of their urban spaces as these decisions cannot be taken by people sitting in Delhi.

He stressed on increased public participation in deciding the course of development of smart cities and called for intense competition among cities to develop them as modern centres of growth.

“If we consider it as a problem, our approach to address it would be the same, but if we consider it an an opportunity we would start thinking differently,” he said.

Modi also took a veiled dig at the previous Congress governments, alleging that while they took the country on the reverse path, his government was finding new avenues to move forward.

Modi said smart cities should not be seen as a fancy concept since the mission is meant for ensuring availability of basic services to people though infrastructure including houses for urban poor in a comprehensive manner.

He referred to extensive use of digital technology in the smart city plans for improving the quality of governance and public services.

Expressing satisfaction over citizen participation in preparation of smart city plans, he said, over 25 lakh people have given serious suggestions to the government, which need to be taken seriously.

“Earlier competition was being run on who was left behind and who are poor. Ways were being found to move backwards. This is a government which is running a competition for finding ways to move forward,” Modi said .

The Prime Minister said it was not as if no work was done earlier or governments did not spend budgets, but wondered how some countries surpassed India in a short period despite attaining independence after it.

“I keep asking this question to myself and wonder. I discuss this with people and analyse old experiences…. if anyone is the smartest it is the citizen of the country.

“If the strength of 125 crore citizens is put to good use and their skills harnessed, they can do wonders. Then one does not require governments, the world will move faster on its own,” he said.

Modi said that is the reason why this smart city concept was evolved through public participation and stressed that if people are empowered and involved in participatory development the country would develop faster.

He urged people to rise to the challenge for improving urban areas and said the era of competition among cities and towns has come to stay.

In his 35-minute address at the Shiv Chhatrapati Sports Complex, the Prime Minister while referring to the “changing” attitudes said gone are the days when the central government was looked as a giver of funds, as it was now being looked at as a source of ideas.

Elaborating, he said that in all the recent surveys, Swachh Bharat Mission was ranked as the most popular of government’ss initiatives since the idea of sanitation appealed to people.

Modi launched the flagship Smart City Mission into implementation mode with the launch of 14 projects of Pune’s Smart City Plan, a year after he set off the programme by releasing its guidelines.

He said urban spaces have to focus on solid and liquid waste management,

The Prime Minister also launched “Make Your City Smart” contest inviting people to come out with designs for street, junctions and open spaces and a “Smart Net Portal” which is a net based platform for sharing of ideas and sourcing of solutions for smart city development.

Minister of Urban Development M Venkaiah Naidu said that the smart city projects launched today were the first shoots of urban renaissance taking place in the country as a result of paradigm shift in the approaches to urban development ushered in by the government. He said what is happening in Pune today was “historic”.

“It is a turning point in the country’s history. We have heard about cultural renaissance, but under Prime Minister Narendra Modi an urban renaissance is taking place,” he said.

Naidu said the the journey towards much desired urban transformation has begun in a ‘Team India’ spirit with the collective effort of people, urban local bodies and state governments.

“This marks the beginning of the much-needed urban transformation,” he said, lauding Modi’s efforts whom he described as a “reformer, performer and transformer”.

Chief Ministers of Andhra Pradesh, Odisha and Rajasthan briefed Modi via videoconferencing on the cities in the respective states selected for development under the project.

Maharashtra Governor Ch Vidyasagar Rao, Chief Minister Devendra Fadnavis, Unions Ministers Venkaiah Naidu, Babul Supriyo and Prakash Javadekar, Maharashtra Minister Girish Bapat were present on the occasion.

Fadnavis said smart cities initiative has taken care of the poor and stands for inclusive governance that will transform cities.

(source by:-Realty Fact)

Extra realty space on Metro routes in Gurgaon gets nod

Extra realty space on Metro routes in Gurgaon gets nod

June 27, 2016 in RealtyFact Staff

The district planning committee on Monday approved a long-pending transit oriented development (TOD) policy. With this, the administrators hope to resolve one of Gurgaon’s biggest problems – traffic snarls – by increasing floor area ratio (FAR) along transit corridors. The move is also likely to boost the sluggish real estate market and raise much-needed funds for the development of Gurgaon’s mass transit system (MTS).

The policy was originally announced in 2014. It was approved by the district planning committee by incorporating all feedback and suggestions from various stakeholders.

Once norms are finalised, the TOD policy will be applicable to projects along important roads like Golf Course Road, MG Road, Southern Peripheral Road and Dwarka expressway. Metro rail routes already exist along some of these. The policy revolves around developing MTS like Metro and high density urbanisation, along these corridors.

Deputy commissioner T L Satyaprakash said the TOD policy will help resolve Gurgaon’s traffic problems, while increasing use of MTS. “It will also help raise funds, which will be used to develop the MTS,” said Satyaprakash.

“TOD zones will extend till 800m on either side of the earmarked transit network. Up to 500m will be kept inside the ‘intense TOD zone’, with the area between 500-800m to be called ‘transition TOD zone’,” said district town planner Mohan Singh. He said norms will be applicable on all new licences to be issued. Even older, completed projects can avail benefit of increased FAR, so long as they conform to norms.

Assistant town planner R S Batth said, “As per policy, area under ‘intense TOD zone’ is extended up to 500m from the transit network, and will get a FAR of 3.5, while areas under ‘transition TOD zone’ (between 500-800m) will get a FAR of 2.5.” Both areas had a FAR of 1.75 earlier.

DTCP planning officer Jaibir Sharma said increased FAR will allow for the creation of more housing units and office space. “It is likely to make housing and office space more affordable,” said Sharma, adding that developers have a windfall to reap by creating more built-up space and soaking up incremental benefits.

He said the main objective of the policy is to minimise travel time for citizens and ensure they can live close to their workplace. “Our plan is to encourage mixed land use to ensure people can walk to work,” said Sharma.

(source by:-Realty Fact)

DLF launches Rs 1,800 crore shopping mall in Noida

DLF launches Rs 1,800 crore shopping mall in Noida

June 25, 2016 in Uncategorized

Realty major DLF on Wednesday formally launched its shopping mall in Noida, touted as one of the biggest in the country and built at an investment of Rs 1,800 crore.

India’s largest realty firm is expecting about Rs 225 crore rental income per year from this mall, which has a leasable area of about 2 million sq ft.

In December last year, the real estate major had a soft launch of DLF Mall of India and drew 250 brands in just 4 months.

At present, the mall houses over 330 brands in total, including 18 anchor stores.

The company has adopted minimum guarantee plus revenue share model for the benefit of tenants and operations of the mall.

(source by:-Realty Fact)

Dwarka expressway hits land pooling wall again

Dwarka expressway hits land pooling wall again

June 25, 2016 in Uncategorized

 In yet another roadblock to the Dwarka expressway project, landowners are now objecting to the land-pooling scheme for rehabilitation of project oustees. They had earlier agreed to give up their land under the scheme but are now reneging on their word.

With this, the draw of lots scheduled for April 12 to allot plots to oustees and landowners under land-pooling is set to be postponed and this will further delay the project.

About 528 houses in New Palam Vihar, Tekchand Nagar and Kherki Daula are coming in the way of the Dwarka expressway. All these oustees were supposed to be rehabilitated on alternative plots in sectors 110A and 37C. Huda was scheduled to hold a draw of lots to allot alternative plots to 478 oustees in Sector 110A, while the remaining will be accommodated in Sector 37C.

On Monday landowners, whose presence is mandatory for completion of draw of lots, submitted their objections to Huda administrator Hardeep Singh and expressed their inability to be present at the draw. “There is no clarity on the draw for allotment of plots under the land-pooling scheme. We have sought certain clarifications pending which we will not participate in draw of lot,” said landowner Azad Singh Rana, who has a 17-acre piece of land in Sector 110A.

He said that till now Huda has not given them a layout plan of the sector and details of the number of plots to be developed in the sector. “Huda has also not clarified as to when allottees will be given possession of the plot or what facilities will be developed in the sector,” he said. Besides, there are many other issues related to the entire process which are not clear,” Rana said.

“With the latest development, we fear we will have to start the entire process all over again, right from revision of layout plan to allotment of plots,” said a senior Huda official. He said it would delay the completion of the project.

The official added that out of the 18-km Dwarka expressway, work was over on 14km and the remaining work has been held up by the delay in shifting of houses coming in the way of the project

(source by:-Realty Fact)

DELHI NCR Raheja’s Maheshwara to redefine Gurgaon market

DELHI NCR Raheja’s Maheshwara to redefine Gurgaon market

June 25, 2016 in RealtyFact Staff

Raheja Developers Ltd announced the launch of “Maheshwara” — part of Raheja Aranya (The First Smart Green City in the area) — located at Sector 11 & 14 Sohna, South of Gurgaon and spread over 9.23 acres. Launched in the memory of Maheshwarnath Raheja, father of Navin M Raheja, CMD, Raheja Developers Ltd, the project will redefine the real estate market owing to the affordable prices while all the luxury accompaniments of Raheja projects are kept intact.

The project is approximately 15 minutes drive from Golf Course Extension Road area in Gurgaon and gives a view of the green forest of Aravallis. A 2-BHK apartment (1080sq.ft.) starts at an all inclusive price of Rs 34.63 lakh @2975 per sq.ft on super area which is almost 20 % lower than the prevailing market price with a guarantee of quality. There are no extra charges for PLC, parking reservation charges & club membership. There is a guarantee of no charge in case the super area increases in future. Raheja is also a guaranteeing zero price escalation, which in itself is a guarantee that the project has been meticulously planned and executed with a guarantee of on-time delivery.

The total project revenue is estimated at aprox. 300 cr and the investment will come through internal accruals. Raheja has already moved on from the broad term and conditions of the real estate regulatory bill, 70% of the cost of the project will be kept in a separate escrow account and the company will pay delay compensation at equivalent interest rate of delay in payment. All the relevant details related to the project like license number and building plan approval are uploaded on the webpage. Raheja has also decided to impose nominal cancellation charges in case the customer today decides to quit from the project.

One of the best construction companies L&T is already developing the infrastructure for the township and construction will be done by Arabtec, the makers of Burj Khalifa in Dubai, the tallest tower in the World. Apart from infrastructure, there is a 24 mtr approach road connecting the township. Special blocks are being constructed within the project as retirement homes for the senior citizens with the international level facilities. The design of these blocks and apartments has been tweaked to suit the requirements of senior citizens.

In continuity and proximity to 75000 acres of Aravallis forest, Sohna, South of Gurgaon is perhaps the greenest city in India. This city offers economic growth too as approximately 1700 acres of land owned by HSIIDC is within 2 kilometers of Aranya City.

This integrated township of 165 acres is having a mix of group-housing condominiums, penthouses, designer homes, plots and villas. This township is designed to be the first Smart Green City in the private sector with features like WI- FI, solar power generation, rain water harvesting, solar street lighting, waste management systems, water recycling systems designed for zero discharge. The township has been awarded Gold Rating by the Ministry of Environment and Forest.

The city will also have central city monitoring CCTV cameras, electric golf carts for internal transportation. Roads are built with concrete and stone pavers durable to last for generations and have low maintenance. The city has all underground electrical wiring and provisions of optic fiber network laying instead of aerial over hanging wires. The city has features like no pavements and no walls, similar to high-end townships of developed countries internationally.

(source by:-Realty Fact)

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