Delhi-Mumbai Industrial Corridor (DMIC): Biggest project of free India
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Why India may see several ‘little Singapore’ smart cities in 5 years
18 Aug 2014
The government has already initiated concrete steps to implement Prime Minister Narendra Modi’s promise of building 100 ‘smart cities’ – eco-friendly cities which use innovative Information and Communication Technology (ICT) for efficient delivery of public services and infrastructure.
PM Modi’s pet idea of building 100 ‘smart cities’ would need massive financial resources and technological prowess. For both these prerequisites, India will have to look up to foreign countries. Many countries have expressed their interest towards this endeavour of the new Indian government.
The Modi government has allocated Rs 7,060 crore (a little over $1.1 billion) in its maiden union budget to kickstart the smart cities project.
Singapore has emerged as a major foreign player in the Indian scheme of things in this context.
The government plans to deliver three smart cities by 2019, all of which will be part of the larger project called Delhi-Mumbai Industrial Corridor (DMIC). These smart cities, scheduled to be completed by 2019, are Dholera, Shendra-Bidkin and Global City.
Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, NCR, Noida, Yamuna Expressway Authority Tags: delhi mumbai industrial corridor, dmic, futuristic cities, industrial corridor, mumbai delhi, public transportation system, railway freight, smart city
Where to invest in 2011 ?
Expensive Real Estate Markets are Due For A Correction
But prudent investors will find plenty of opportunities in premium and redevelopment projects
by T Surendar | Jan 7, 2011
In late November, soon after environment minister Jairam Ramesh gave the green signal for Mumbai’s second airport, property prices around its location shot up by 20 percent. This was the same area that, even six months ago, real estate consultants and analysts were advising investors to stay away from. They reasoned that the prices had run up way too quickly. Today, the same professionals are recommending buying select properties in the same area at higher prices.
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