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Prime Minister Narendra Modi discusses ways to involve Private players in Government Housing Schemes

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Narendra Modi, Wikimedia

New Delhi, April 8, 2017: Prime Minister’s Principal Secretary Nripendra Misra on Saturday chaired a meet to discuss ways to involve private real estate developers in the government’s ambitious ‘Housing-for-all by 2022’ scheme.

The meeting also discussed how the benefits of the interest subsidy on affordable housing could reach the prospective home buyers at the earliest, informed sources said.

The real estate developers were represented by two apex bodies, CREDAI and NAREDCO. Tata Housing officials also attended the meeting.

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The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under Prime Minister Awas Yojana scheme and wanted some relaxation on that front.

Union Minister M.Venkaiah Naidu had urged real estate developers last months to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector.

Naidu had said that his ministry would soon convene a Round Table with real estate bodies and representatives of banks, housing financing companies and others concerned to deliberate on the road ahead for promoting affordable housing so that the target of ensuring Housing for All by 2022 would be met. (IANS)

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Modi Inaugurates Patna Metro Rail Project Through Video Conferencing

The Patna Metro Rail project will cost about Rs 13,365.77 crore. It comprises two corridors of a total length 31.39 km.

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narendra modi, patna metro
Modi also opened the city's gas distribution at Patna and the Patna River Front Development's first phase. Pixabay

Prime Minister Narendra Modi on Sunday laid the foundation of the much-awaited Patna Metro Rail through video conferencing from Begusarai in Bihar.

Modi also opened the city’s gas distribution at Patna and the Patna River Front Development’s first phase.

The Prime Minister then launched the expansion work of Barauni’s oil refinery which would be increased to 9 million tonnes and other projects estimated to cost Rs 33,000 crore.

The Patna Metro Rail project will cost about Rs 13,365.77 crore. It comprises two corridors of a total length 31.39 km.

Narendra Modi, Patna metro
The project is expected to be completed in five years from the date of commencement. Wikimedia

In the first phase, a 33.1-km-long track having two corridors — east-west and north-south — will come up in Patna.

The west-east corridor would run between Danapur and Patna railway station via Dakbungalow Square while the south-north corridor would run between the Inter-State Bus Terminal and Gandhi Maidan via Rajendra Nagar and Ashok Rajpath.

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The project is expected to be completed in five years from the date of commencement.

Earlier, Modi flew into Patna and was welcomed by Governor Lalji Tandon and Chief Minister Nitish Kumar. All of them then took a helicopter to Begusarai, 130 km from Patna. (IANS)