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
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?