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Dear ck.kislay,
You are subscribed to the thread "Delhi Real Estate Updates" by MANOJa, there have been 2 post(s) to this thread, the last poster was MANOJa.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/delhi-real-estate/29842-delhi-real-estate-updates
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/delhi-real-estate/29842-delhi-real-estate-updates
Posted by: MANOJa
On: September 10 2017 10:25 AM
[h=1]Metro Pink Line to go live this December[/h] [URL="http://timesofindia.indiatimes.com/toireporter/author-Sidharatha-Roy-479249165.cms"]Sidharatha Roy[/URL]| TNN | Sep 10, 2017, 02:04 IST [IMG]http://timesofindia.indiatimes.com/thumb/msid-60444384,width-400,resizemode-4/60444384.jpg[/IMG] NEW DELHI: This [URL="http://timesofindia.indiatimes.com/topic/December"]December[/URL], Delhi [URL="http://timesofindia.indiatimes.com/topic/Metro"]Metro[/URL] is going to open its first section of the [URL="http://timesofindia.indiatimes.com/topic/Pink-Line"]Pink Line[/URL](Majlis Park-Shiv Vihar), a 20.6km-long corridor, which will function like an arc connecting north, northwest, west and south Delhi. The remaining stretch of 58.5km will be commissioned by March next year. While the existing Metro corridors have been designed as radials spread across Delhi NCR, the Pink Line has been conceptualised as a large ring that will connect all these corridors. The Majlis Park to Durgabai Deshmukh South Campus section is one part of the ring, which will begin from north Delhi and on its way down to south Delhi, connect areas in northwest and west Delhi. "The trial runs between Shakurpur and Mayapuri stations are in progress. It will be extended to Majlis Park from Shakurpur station to Durgabhai Deshmukh South Campus station from Mayapuri in the next two months," said a DMRC spokesperson. The number of interchange stations in the Metro network will go up to 27 once the Phase-III project is completed and both the Pink Line and Magenta Line (Janakpuri West-Botanical Garden) become operational. Starting from Majlis Park, there will be an interchange at Azadpur, which will connect with the Yellow Line ([URL="http://timesofindia.indiatimes.com/topic/Samaypur-Badli-HUDA-City-Centre"]Samaypur Badli-HUDA City Centre[/URL]). The next interchange station at Netaji Subhash Place will connect the Red Line (Rithala-Dilshad Garden) and the Rajouri Garden stop will link the Blue Line (Dwarka Sector 21-Noida City Centre/ Vaishali). The last interchange will be between Durgabai Deshmukh South Campus and Dhaula Kuan station of the Airport Express Line. The two stations are located 1km away, which will be connected with a walkway that will have walkators. Currently, the Airport Express Line sees a daily ridership of 50,000 commuters, which DMRC believes will go up substantially after the Pink Line opens. While the Pink Line was envisaged as a ring connecting all parts of the city, difficulties in acquiring land at [URL="http://timesofindia.indiatimes.com/topic/Trilokpuri"]Trilokpuri[/URL] created a missing link of 1.52km. This would mean that the trains coming from Majlis Park will have to reverse from Mayur Vihar Pocket 1 station and trains coming from Shiv Vihar will have to reverse from Trilokpuri station. "The sections from Durgabhai Deshmukh South Campus station to Mayur Vihar Pocket 1 and Shiv Vihar to Trilokpuri station are expected to be ready for trial runs by the end of this year," the spokesperson said. [url]http://timesofindia.indiatimes.com/city/delhi/metro-pink-line-to-go-live-this-december/articleshow/60443966.cms[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/delhi-real-estate/29842-delhi-real-estate-updates
Posted by: MANOJa
On: September 10 2017 11:37 AM
[h=1]Shapoorji Pallonji bags Rs 2,600-crore contract to redevelop Delhi's Pragati Maidan complex[/h] The India Trade Promotion Organisation (ITPO) complex at Pragati Maidan has been a venue for global events such as the India International Trade Fair, World Book Fair and Petrotech[URL="http://realty.economictimes.indiatimes.com/author/479242995/kirtika-suneja"]Kirtika Suneja[/URL] | ET Bureau | September 09, 2017, 07:54 IST NEW DELHI: Construction major [URL="http://realty.economictimes.indiatimes.com/tag/shapoorji+pallonji"]Shapoorji Pallonji[/URL] has pipped L&T to bag the government's ` . 2,600-crore project to redevelop the ITPO complex in the national capital into an exhibition-cum-convention centre, an official close to the development said. The [URL="http://realty.economictimes.indiatimes.com/tag/india+trade+promotion+organisation"]India Trade Promotion Organisation[/URL] (ITPO) complex at [URL="http://realty.economictimes.indiatimes.com/tag/pragati+maidan"]Pragati Maidan[/URL] has been a venue for global events such as the India International Trade Fair, World Book Fair and Petrotech. The Centre plans to host the flagship auto expo and other mega events like the G20 meetings once the property is redeveloped, the official cited earlier told ET, requesting not to be named. Shapoorji Pallonji will have two years to finish the job, the official said. The redevelopment project includes creation of a state-ofthe-art convention centre with a capacity to seat 7,000 people, almost five times the capacity of [URL="http://realty.economictimes.indiatimes.com/tag/vigyan+bhawan"]Vigyan Bhawan[/URL], the government's premier convention centre. �Major events are drifting away from India as the present facilities are far short of international standards,� the official said. An email query sent to Shapoorji Pallonji remained unanswered till as of press time on Friday. As per the contract, the company will also have to build meeting halls, lounges and create basement parking space for about 4,800 cars. Capacity addition for exhibition space of abo ut 80,000 sq m along with supporting infrastructure is envisaged for later. The project was earlier estimated to cost ` . 2,254 . 2,600 crore crore, but it rose to ` due to the roll out of the goods and services tax. ITPO will pump in about half this amount from its reserves and fund the balance of the project through longterm loan from banks and financial institutions with go vernment guarantee, or through [URL="http://realty.economictimes.indiatimes.com/tag/soft+loans"]soft loans[/URL], external aid and land monetisation, the official said. Another ITPO official said crowd management is a crucial issue this year for the flagship India International Trade Fair and the organisation may cap the number of tickets sold or raise the ticket fee on a few days. From 1.4 million visitors for the trade fair last year, ITPO plans to regulate footfalls to 1 million in the two-week-long fair this year, as the exhibition area is likely to halve to almost 52,000 sq metre. �With India's growing global profile, New Delhi needed a modern world-class exhibition-cumconvention centre to provide an appropriate venue for international events,� the official said. ITPO, a mini-ratna public sector undertaking under the commerce ministry , runs the exhibition centre which was inaugurated in 1972 by former prime minister Indira Gandhi. [url]http://realty.economictimes.indiatimes.com/news/industry/shapoorji-pallonji-bags-rs-2600-crore-contract-to-redevelop-delhis-pragati-maidan-complex/60433609[/url]
With warm regards,
Team IREF
With warm regards,
Team IREF
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