Tag: Urban transformation in India

InfrastructureLatest Stories

Strong, Sustainable Cities Key to Viksit Bharat: Housing Minister

File Photo NEW DELHI: Union Housing and Urban Affairs Minister Manohar Lal stated on Tuesday that India’s urban transformation is now entering a “decisive phase”, emphasizing that the journey to Viksit Bharat by 2047 relies on the development of strong, secure, and sustainable cities. During the inauguration of the 18th edition of ‘Municipalika’ at Bharat Mandapam, the minister noted that approximately 40% of India’s population lives in urban areas, with projections indicating a rise to around 800 million over the next 25 years. “Cities are responsible for nearly 70% of GDP and close to 90% of revenues. The path to…

InfrastructureLatest Stories

₹1 Lakh-Crore Urban Fund Focuses on Redevelopment and Reform

NEW DELHI: The core of the new ₹1 lakh crore Urban Challenge Fund will focus on redeveloping abandoned public buildings, repurposing unused government land such as old prisons and granaries, and engaging the private sector, while promoting municipal reforms to transform cities in India. The Ministry of Housing and Urban Affairs has developed guidelines for this Urban Challenge Fund, which was introduced by Union Finance Minister Nirmala Sitharaman during her budget speech. This fund is anticipated to be a significant central assistance initiative for urban transformation in around 300 cities, each with populations exceeding 100,000, competing for project funding. According…