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Showing posts from September, 2008

Dumping Ground @ Dundahera, Ghaziabad

गाजियाबाद, वरिष्ठ संवाददाता : महानगर में रोजाना शहर की विभिन्न कालोनियों से औसतन 500 मीट्रिक टन कचरा निकलता है। नगर निगम की सबसे बड़ी समस्या यह है कि वह उसका कहां निस्तारण करे। जीडीए द्वारा डूंडाहेड़ा में ही डंपिंग ग्राउंड बनाने की सहमति दिए जाने के बाद भी विवाद का हल नहीं हो पा रहा है। अब विवाद जीडीए द्वारा डूंडाहेड़ा के डंपिंग ग्राउंड के स्थल के भू उपयोग को लेकर है। नगर निगम अधिकारियों का कहना है कि महायोजना 2021 में डंपिंग ग्राउंड से भू उपयोग आवासीय में तब्दील जीडीए द्वारा किया गया है। वहीं भू उपयोग पुन: परिवर्तित करे। निगम के अधिकारी डंपिंग ग्राउंड के मुद्दे पर फिर से प्राधिकरण को घेरने में जुट गए हैं। कुछ समय से हिंडन नदी से लगे साई उपवन एवं महानगर की प्रमुख सड़कों के किनारे शहर भर से निकलने वाले कचरे को डाले जाने के चलते निगम को विरोध का सामना करना पड़ रहा है। विरोध के बीच निगम यह तय नहीं कर पा रहा है कि वह शहर भर से निकलने वाले कचरे का आखिर किस जगह निस्तारण करे। महानगर के अधिकांश इलाकों में प्राधिकरण द्वारा आवासीय कालोनी विकसित कर दीं। इसके अलावा शहर की सीमा से लगे हिस्से में निजी ब

Ghz - Get ready for Commonwealth Games

Is NCR game for 2010?, G'bad police send proposals for improving infrastructure, additional manpower Off the block to get ready for Commonwealth Games, Ghaziabad police send proposals for improving infrastructure, additional manpower It's exactly 736 days to go for Commonwealth Games 2010, and Ghaziabad is tightening its seat belt to tackle the traffic spillover from the Capital during the 12-day event. While the district administration has submitted a traffic management proposal to Ghaziabad Development Authority (GDA), the police, too, have sought broadening of roads, among others, in a communiqué sent to the development authority. "Most people from western Uttar Pradesh (coming to watch the Games) are expected take the route though Ghaziabad. So roads need to be broadened to handle this expected rush of traffic," GDA's executive engineer Ram Tripathi says. The development authority has zeroed in on NH-24, NH-58 and GT Road for expansion. The projects have alrea

Homes for low income migrants

Union ministry suggests provision of 40000 homes for low income migrants The union Urban Development ministry has recently suggested that the Delhi Development Authority (DDA) should mandate itself to build 40,000 units per year for the low-income migrants who struggle for a roof above their heads. According to the proposal, a migrant who would have otherwise moved to a slum, should be given a small flat in rent before he is motivated to buy that flat. And this will be possible with Central government subsidies. This will also help check slum dwelling. Urban development secretary M Ramachandran said that such a proposal is in an initial stage. “On an average, at least 40,000 people migrate to Delhi every year. The spread of slums needs to be checked and such a move can be of great help in doing so. The DDA has no problem of resources, hence taking up this initiative should come easy,” he said. The suggestion is quite novel in itself as it will motivate rent payers to be owners of the p

Brakes On Loans

Brakes On Loans Against Property Banks have started taking proactive measures to prevent defaults in their real estate portfolio by cutting exposure to loans against property. State lender Punjab National Bank (PNB) has taken a lead and has stopped giving such loans, while Bank of India, Bank of Baroda and Indian Overseas Bank have decided to go slow on such loans. While banks have always been cautious and selective on real estate loans, this is the first time a bank has taken a decision to avoid this business. Banks' real estate exposure include loan against property, and loans to builders. Although home loans are a part of real estate exposure most of them constitute priority sector loans and are not a part of bank's exposure to sensitive sector. Loan against property, popularly known as mortgage loans, is mostly availed by small businessmen and trader community. Officials from PNB say the decision was taken a few days ago. Other banks have been going slow on such loans for t

Further Correction

Indian Property Market May See Further Correction Indian realty prices may show further moderation following the credit crunch in the US, according to media reports. A crash like situation is not foreseen, though analysts expect the property market to cool further due to a lack of buying from investors. Reports said that private equity players, especially the American and Western European investors are unlikely to come in and developers have to look elsewhere for funding their working capital and capex requirements. Funds to both private and public equities of developers are expected to show a decline in the short to medium term. It was said that FIIs and venture capital funds have pumped around $4 billion in the Indian estate market, while another $12 to $14 billion was expected to flow into the country. With the collapse of Lehman Brothers and other big financial companies facing liquidity crunch, money from overseas funds could dry up for Indian companies. Amid high domestic interes

Indian realty market cools down

Slower economy cools down Indian realty market: experts Panaji, Sep 18 (IANS) It’s time for a reality check for the Indian realty market, which is coming to terms with the downturn after riding on the economic boom over the last four to five years. ‘The economic slowdown, high interest rate, tight liquidity and the sub-prime crisis in the US are having a cascading effect on the Indian realty market,’ global realty consultant Cushman & Wakefield executive managing director (South Asia and Australia) Sanjay Verma said. As a result, sale of real estate projects spanning industrial, office, commercial, retail and housing segments has tapered off over the last six-seven months. On the flipside, global private equity (PE) real estate firms are looking at India and China to minimise or neutralise the impact of distress selling on their investments in the US and British housing markets. ‘As the global economy nosedives, PE firms have begun to target distress in the US as part of their stra