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Real Estate Forum on Union Budget 2014-2015

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: in the new budget a Budget of Rs 3470 Crore has been alloted for the metro- discuss?
Latest Answer: Well the big chunk of the funding is being done by the Japanese and the center and Delhi government has just a 10 % share..so the works will be completed on time and will not have any effect on the deadlines,
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Q: Heard that the city of krishnapatnam will be developed as the smart city on the Chennai Bangalore Industrial corridor - discuss!!
Latest Answer: At present, a single railway line via Venkatachalam as well as four-lane road serve the port. Provisions have been made to augment to a double rail line and 2 additional lanes of road. The previous governments had also sanctioned a new broad gauge line between the port and Bellary-Hospet iron ore mines. A pipeline corridor has been established to connect the port to the nearest 7 oil refineries with the purpose of liquid bulk transport. There is also a dedicated belt conveyor corridor with the purpose of transporting coal to the nearest 10 mega thermal power stations.
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Q: Hi, what is the impact of the new budget on this corridor??
Latest Answer: Hi, I just want to update on Vizag-Chennai industrial belt gets Rs 15,000 crore ADB aid in the form of financial assistance to develop the Visakhapatnam-Chennai industrial corridor proposed by the NDA government in the Union budget.
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Q: We all know that budget is just few days away. What are the pre budget recommendation submitted by the Civil Aviation Ministry?
Latest Answer: The Civil Aviation Ministry has submitted a number of proposals like inclusion of aviation turbine fuel (ATF) in declared goods, an infusion of Rs 1,600 crore as additional fund to Air India and tax-free bonds for constructing low-cost airports in small towns. In addition, it has also been proposed that the custom duty credit scheme should be extended to airports.
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Q: Hi, Since the day Narendra Modi has taken oath as the Prime Minister of India smart cities have become the burning topic. As per the BJP's declaration, there is a plan to develop 100 smart cities and some of the existing cities will be transformed like GIFT.
Latest Answer: Hi Guys As per The AIF Fund, the Reliance Capital has rated as CRISIL Fund Management Capability Level - 1 indicating it possess highest standards in fund management capability and investment processes.
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Q: Will the corridor coming up in Bangalore going to impact the real estate sector?
Latest Answer: Tumkur road is already booming due to the planned national investment and manufacturing zone (NIMZ) which would be a 5,000 hectare integrated industrial township. The Bangalore-Mumbai corridor crossing through Tumkur Road will be an add on to its growth. The shifting of the Peenya industrial belt to Dobbaspet in west Bangalore is also going to help the western front picking up its industrial activity.
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