Haryana, Rajasthan clear alignment of Delhi-Jaipur expressway

   The proposed six-lane expressway from Delhi to Jaipur has cleared a major hurdle. The new alignment of the expressway, which will have a limited number of entries and exits, has been approved by Haryana and Rajasthan. The two states want National Highways Authority of India (NHAI) and the highways ministry to consult them while proposing real estate development along the expressway. 

    Delhi government has already given an in-principle approval to the access-controlled expressway which is expected to slash travel time between the two cities to less than three hours. The length of the new alignment will be around 230-240 km. The portion of the expressway falling in Delhi will be elevated since availability of land is a problem in the national capital. 

Raheja to develop over 17,000 housing units in 5 yrs in NCR

   Realty firm Raheja Developers today said it would construct over 17,000 residential units in next five years aiming to generate revenues of nearly Rs 4,100 crore.The company also said it would develop about 2,800 affordable flats in the Capital during the same time period.

"We are planning to construct around 17,160 units in next five years. These will be spread across four projects. The project revenue will be nearly Rs 4,100 crore," Raheja Developers Chairman Navin M Raheja told PTI.

Reliance asks Haryana to declare agri land 'urban'

  Reliance Haryana SEZ Limited (RHSL), the special purpose vehicle (SPV) incorporated to implement the now-shelved Special Economic Zone (SEZ) project in Gurgaon and Jhajjar districts, has asked the Haryana government to declare "urban" the chunks of agricultural land in Gurgaon district which Reliance had bought from farmers.

   Reliance's request is being viewed as an attempt to get round the land ceiling law in Haryana. As per the Haryana Ceiling on Land Holdings Act, the permissible area allowed for an individual to possess ranged from 18.12 to 54.5 acres. However, an amendment was made in the Act in October 2011, which exempted land acquired for non-agricultural purposes and falling within an "urban area" - as defined in the Haryana Development and Regulation of Urban Areas Act - from the ceiling law.

Panasonic India plans to invest $300 mn in Jhajjar by 2015

  Panasonic India, the Indian subsidiary of Panasonic Corporation, is planning to invest $300 million by 2015, a top company official said on Monday.
“In order to become a $5 billion company, we are planning to invest about $300 million by 2015. Out of this, a huge chunk will go to our upcoming manufacturing unit at Jhajjar in Haryana,” said Manish Sharma, managing director, consumer products division, Panasonic India, on the sidelines of the launch of its new beauty care and grooming products here. The Jhajjar facility is expected to be commissioned by December this year, which will see an investment of $200 million.

Rajasthan Govt gears up to acquire land for Delhi-Mumbai Industrial Corridor project

The Rajasthan  government has initiated the process of land acquisition for the Delhi-Mumbai-Industrial Corridor, a top official of RIICO said on Tuesday.
Rajendra Bhanawat, managing director of RIICO, said, "The government has recently issued notification under Section 4 of the land acquisition Act. RIICO will acquire 1,506 hectares of land for the first node of the project."
The first node would cover Khushkhera-Bhiwadi-Neemrana investment region, which will have early bird projects like arerotropolis, knowledge city and a road link of 70 km between Neemrana and Bhiwadi.

Bhanawat said the land will be used to develop trunk infrastructure.