PM to inaugurate construction of first phase of Agra metro on December 7 – ET RealEstate

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LUCKNOW: Prime Minister Narendra Modi will inaugurate the construction of the first phase of the Agra Metro Rail Project (AMRP) virtually on December 7, a statement issued by the Uttar Pradesh government said on Saturday. UP Chief Minister Yogi Adityanath will also be present on the occasion, it said.

According to officials, the total cost of the AMRP is Rs 8,379.62 crore and in the first phase, the Sikandra — Taj East Gate corridor will be constructed.

The chief minister is himself monitoring the project and the traffic on this corridor is expected to start in December 2022, officials said.

The Sikandra – Taj East Gate corridor will have six stations — Taj East Gate, Basai and Fatehabad Road (all three elevated stations) and the Taj Mahal, Agra Fort and Jama Masjid being underground stations.

Besides benefiting 26 lakh people of the city, the metro will also prove to be a better option for movement by providing a state-of-the-art Mass Rapid Transit System (MRTS) to over 60 lakh tourists who visit Agra every year, the statement said.

“The Agra metro will provide an environment friendly, comfortable and hassle-free means of public transport and will also make it easy to travel to world famous tourist destinations like Taj Mahal and Agra fort,” Kumar Keshav, managing director, UPMRC, said.

Its biggest advantage will be in the development of tourism. It is a major challenge for our team to construct a metro corridor in the heart of the city and make the metro available within the stipulated time frame, he added.

The UPMRC has set a precedent by constructing the Lucknow metro rail project well ahead of schedule.

The construction work of the Kanpur metro is also being carried out at a fast pace.

The foundation stone of the AMRP was laid by the prime minister virtually in May 2019.

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Working women, widows from EWS to get rented flats on priority – ET RealEstate

NEW DELHI: Persons belonging to SC, ST and OBC communities; widows, working women, divyang and minorities from economically weaker sections or low income groups will get preference in allotment of flats or dormitories under the affordable rental housing scheme.

The operational guidelines issued by the housing ministry for affordable rental housing complex (ARHC) scheme has suggested that monthly rental of Rs 3,000 could be financially viable in the case of renting out of government-funded flats in Delhi, which are largely in its outskirts and Rs 3,000 in Faridabad, Agra, Ludhiana and Ernakulam.

In order to make construction and operation of ARHCs a lucrative business model for investors, the guidelines say all private and public entities including land owners implementing this scheme for urban poor and migrants will get income tax and GST exemption on the profit they will make from this venture.

To begin with, 1.08 lakh completed houses will be rented out.

As per the guidelines, the private and public entities will also get loans at lower interest rates through concessional window under Affordable Housing Fund by housing finance companies and priority sector lending by commercial banks.

Moreover, state and local governments concerned shall follow a single window system for approvals within 30 days, after which the proposed project will be considered as deemed approved for construction. They would also provide necessary trunk infrastructure facilities such as roads, sanitation services, water, sewerage, drainage and electricity up to site without any additional cost to the private or government entity.

Projects only with at least 40 dwelling units or 120 dormitory beds will be eligible to get the benefit under ARHC. To ensure these projects are primarily meant for poor, there will be 33% cap on the number of double bedrooms in any project.

The housing ministry will provide grants of Rs 1 lakh per dwelling unit in case of double bedroom, Rs 60000 for single bedroom and Rs 20,000 per dormitory bed, if the listed entities adopt new technology for sustainable, resource efficient and disaster resilient construction.

“This landmark decision will ensure poor and migrant workers get a decent place for living,” said joint secretary (housing), Amrit Abhijat.

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