Budget 2022 focuses on new smart-tier 2-3 cities
SMART CITIES

Budget 2022 focuses on new smart-tier 2-3 cities

Budget 2022 focus on nurturing new smart tier 2-3 cities.This will be a push to the real estate infrastructure and a substantial impact on employment creation.

Budget 2022decodes the theme- Kaam, Kisan, and Kamai, the outlays came out with a ‘Budget for the economy’, comprising sustainability and infrastructural investment as an underlying theme.

The year’s budget appears to focus on the implementation of macro-growth along with micro-all-inclusive welfare, energy transition, digital economy, and fintech, bolstering investment, technological development, and climate action beneficial for the nation.

The industry has welcomed the focus to resolve long-standing issues of reducing the approval deadlines for land acquisition and construction. Emphasis has been given to modernisation and reforms in building bylaws, schemes for urban town planning, transferable development rights (TDR reforms), multimodal corridors (transit-oriented), and transferable development rights.

Urban development policy has gained momentum with an enhanced capacity building which will help in the holistic development of urban cities.

The extension of the Pradhan Mantri Awas Yojana (PMAY) scheme to March 2023 and allocation of Rs 48,000 crore to enhance affordable housing benefit schemes for 80 lakh new beneficiaries within the middle class and economically weaker sections in the urban areas.

Green clearance’s single window portal will help in promoting ease of conducting business in contributing to the sustainable development and special mobility zones for electric vehicles (EVs).

Image Source

Also read: Over 31 lakh homes developed in Odisha under rural schemes

Budget 2022 focus on nurturing new smart tier 2-3 cities.This will be a push to the real estate infrastructure and a substantial impact on employment creation. Budget 2022decodes the theme- Kaam, Kisan, and Kamai, the outlays came out with a ‘Budget for the economy’, comprising sustainability and infrastructural investment as an underlying theme. The year’s budget appears to focus on the implementation of macro-growth along with micro-all-inclusive welfare, energy transition, digital economy, and fintech, bolstering investment, technological development, and climate action beneficial for the nation. The industry has welcomed the focus to resolve long-standing issues of reducing the approval deadlines for land acquisition and construction. Emphasis has been given to modernisation and reforms in building bylaws, schemes for urban town planning, transferable development rights (TDR reforms), multimodal corridors (transit-oriented), and transferable development rights. Urban development policy has gained momentum with an enhanced capacity building which will help in the holistic development of urban cities. The extension of the Pradhan Mantri Awas Yojana (PMAY) scheme to March 2023 and allocation of Rs 48,000 crore to enhance affordable housing benefit schemes for 80 lakh new beneficiaries within the middle class and economically weaker sections in the urban areas. Green clearance’s single window portal will help in promoting ease of conducting business in contributing to the sustainable development and special mobility zones for electric vehicles (EVs). Image Source Also read: Over 31 lakh homes developed in Odisha under rural schemes

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000