Tag: sustainable urban development

IndustryLatest Stories

Developers to Manage Urban Infrastructure in Major City Revamps

NEW DELHI: In an effort to address the gap between high-quality real estate projects and neglected civic infrastructure, the government will empower private developers to serve as “urban infrastructure administrators” in major redevelopment zones under the Urban Challenge Fund (UCF) scheme. This initiative allows developers to construct and maintain essential infrastructure, including roads, water supply, sanitation, and transportation. With a total allocation of Rs 1 lakh crore, this scheme aims to encourage sustainable urban development, transforming cities into vibrant growth hubs and enhancing water and sanitation systems. The housing and urban affairs ministry has informed the Public Investment Board (PIB),…

InfrastructureLatest Stories

Govt Plans AI-Driven Township in Bidadi to Ease Bengaluru’s Congestion

BENGALURU: The government announced an ambitious initiative on Thursday to launch the Greater Bengaluru Innovation and Tech City (GBIT), touted as India’s first and largest AI-driven township, located in Bidadi, approximately 30km from Bengaluru. The project aims to alleviate pressure on Bengaluru by redistributing population and economic activities through sustainable development. GBIT will feature an integrated ecosystem comprising residential, commercial, and social spaces, with a central business district (CBD) built to global standards, designed to attract investment and generate large-scale employment across various sectors, including technology and services. Deputy Chief Minister DK Shivakumar stated, “GBIT will embody the aspirations of…