InfrastructureLatest Stories

PM to Lay Foundation Stone for Jaipur Metro Phase II on July 4

JAIPUR: Prime Minister Narendra Modi is set to lay the foundation for Phase II of the Jaipur Metro this Saturday, initiating a five-year project aimed at enhancing connectivity along Tonk Road and nearby regions. Metro officials have divided the project into seven sections: four focused on civil construction and three on electrical work and related systems. Tenders for all civil packages have been issued, with one already awarded. The remaining three are expected to be finalized in the coming months, with work on all civil packages slated to begin in September. The first civil package, estimated at Rs 918 crore,…

CommercialLatest Stories

Gujarat to reclaim Infocity land, lease ends in 2030

GANDHINAGAR: The Gujarat government has chosen not to extend the lease of Creative Infocity Ltd, the developer behind the state’s key Infocity project in Gandhinagar. This decision paves the way for the government to regain control of the extensive 116-acre campus once the concession period concludes in 2030. This decision, made at the highest levels of state government, follows a prolonged dispute between the government and the developer over alleged breaches of the concession and lease agreements. While the 30-year lease is set to expire in July 2030, the Department of Science and Technology has begun steps to reclaim the…

IndustryLatest Stories

Gujarat Leads SVAMITVA Drive, Issues Over Half of Property Cards

Representative AI image GANDHINAGAR: The Gujarat government announced on Sunday that the state has become a leader in implementing Phase II of the Pradhan Mantri-SVAMITVA scheme, having issued more than half of the total property cards created across India. The government stated that drone mapping has been successfully completed in over 11,500 villages. According to an official statement, during the second phase of the scheme, which commenced in 2021-22, a total of 32,35,260 property cards were prepared nationwide. Out of these, Gujarat issued 18,50,614 property cards, the highest among all states. The government noted that this scheme addresses a persistent…

IndustryLatest Stories

Gujarat’s New Policy: Freehold Status for Housing Colonies

GANDHINAGAR: The Gujarat government’s new urban housing policy, under revision for the first time in a decade, includes relaxed redevelopment rules and the transition of housing board colonies to freehold status. This more liberal policy aims to encourage affordable housing by revitalizing old colonies established by local or state authorities, as well as aging private societies. The urban development and housing department is currently drafting the policy, which is anticipated to be released soon. “We have created a new draft policy following initial consultations with stakeholders and plan to unveil it for public feedback shortly,” a knowledgeable source stated. “The…