Finance Minister Nirmala Sitharaman major and several announcement boosting Indian Economy

Addressing to the People of India, Finance Minister Nirmala Sitharaman made many major and several announcement. The decisions were taken with the perspective of improving and boosting Indian Economy. To address the best of the key announcements that are as follows:-
1) The GST systems would be further simplified.
2) There would online tracking systems available for checking the home loans process.
3) The home loans will be cheaper and banks have agreed to cut down the rate that is being announced by RBI to customers.
4) Private sector banks to return loan documents to customers within 15 days of loan closure.
5) In order to complete all the stalled project the Government will likely do stress fund of 20,000 crore. A Special window will also be provided to Middle and affordable housing developers. The main propose behind this plan is completion of construction for unfinished units. LIC will also invest in the stress fund.
6) Even the interest rate of house building shall be lowered and linked with 10 year G sec yields.
7) By March 2020 at 4 places Dubai like shopping festivals will also be announced and major theme would be Yoga, Textile, Tourism and Leather.

Jewar Airport is finally bringing in new hope

After ages the news of making of Jewar Airport is finally bringing in new hope of connectivity in UP. It is said that the first founding stone was established in 2001. Major aspect to witness about the airport is that it will be built on 2,200 acres of land. The operations will be commenced in 2023. A good growth in realty segment can be expected and prices too set a new raise after the commencement of project.
 Even from the connectivity aspect, if people from western UP, few states of Rajasthan the Jewar airport would be highly beneficial to get connected with other cities. Even the people owning a land near Jewar airport are seeing the difference with the increase of price rates too. It is expected that the spurt of Air-traffic would be phenomenal and the city could get a new hope built in for majority of tourists. The fund of 1,260 cr is approved for acquisition of land. This proposed airport is second after the Indira Gandhi International Airport. In order to develop the airport there are more than private bidders who shown up their interest. Some of the big names are Adani, Reliance and GMR. Officially the bids will be open from November 6, 2019.
The nearby areas surrounding to the proposed airport will earn big time returns. Earlier till 2015 the property rates 4-5 lakhs per bigha but at present times the land at nearby villages has shot up to 25 lakhs. More the developments on the airport more are the rates that will be shot up higher. Even the making of airport there would be millions of job opportunities that would be surfaced up. By 2050 the airport would have a capacity of handle around over 10 crore passengers. The project will be developed in phases and in the functional stage the airport will handle around 60 lakh passengers.

How Delhi with smart city plan will be mirror of Changed India?

The smart city plan will completely change the image of Delhi. Being approved by the Ministry of Urban Development this is surely to keep up interest of buyers. The plan looks more promising and full-proof when it comes to development of real estate. The plan proposes the implementation of sustainable development of 19,000 hectares of land with help of private sector. The key factors are also that this smart city especially N-Zone will get connectivity to Indira Gandhi International Airport and also to newly Metro stations that are been approved by the Authorities. Zone L will share the closest proximity of Best International Schools and college, Gurgoan IT hub and super specialty hospitals. Salient features are also the intense environment friendly designed buildings.

Right from 1 to 4 Bhk flats would be available for the application upon their needs. There would be online process and a person willing to acquire flat has to fill in duly sign in the plan. The entire project has 300 units out of which 33% will be reserved for women applicants. Football stadium and golf course would be the major point of interest and will surely attract the attention of potential buyers.

A lot of population is grown in Delhi and smart resolution to this Smart city plan. It is estimated that more than 85 lakhs of people will get benefitted from this plan. There would also upcoming affordable housing opportunities in zones like J, K-1, L, N &P2.

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Significance of Land Pooling Policy

Basically Delhi Land Pooling Policy is for land owners who have their own land for any size big or small in areas notified by DDA or Delhi Government. An Application process through online mode is required for registration and verification of land. Right from start to August 2019 nearly about 5,028 hectares has been registered. The 95 villages have enrolled themselves for this policy keeping in mind Social, economic and urban development.

The city will be fully equipped to create in 17 lakh units and that will able to accommodate around 76 lakh people. The pooled land method has been initiated in Zones like PII, N, L and K, I is 1027ha, 2654ha, 1152ha and 195 ha. This is the most promising policy that will give in boost to new sustainable developments. This policy is distinctive because it gives the power to landowners and win-win situation is also for developers or stakeholders. This policy maps out the people-centric plan. The benefits of this policy would be great for increasing GDP and creating jobs for larger employment group. In many of the sectors more than 70% of registration work and qualified for development is completed. After verification of documents the construction work will be commenced with fast pace. Through this policy, expectation can be made that Delhi would be the largest metropolitan place to live in throughout the world.

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Email ID: deepakguptawin@gmail.com
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