The regulatory regulators in sync with the federal government are accountable for carefully envision and craft the introduction of the city, in a stage sensible manner. Discussing financial requirement, authorities has sanctioned a fund of Rs. 48,000 crore over another five years for development of the towns. This allots Rs. 96 crore for each city per year, a quantity that can kick start development.
Funding shall remain a very crucial element in determining the success and developmental speed of these towns. Therefore alternative agreements shall have to be looked at that include raising funds through Public, Private Partnerships and Real Estate Investment Trusts (REIT). Similarly, the Pooled Municipal Debt Obligation (PMDO) facility may be used to effectively allocate resources for metropolitan development. After set up for funds and planning is performed with, how to put into action whatever has been envisioned shall remain a major challenge.
All the factors including option of resources, deadlines, connectivity plus much more shall have to be accounted for during this last and most important stage of the task. Seven smart metropolitan areas are being developed along the production belt of Delhi-Mumbai Industrial Corridor presently. The first one being developed is Dholera Special Investment Region in Gujarat.
- Plan & Budget
- Income Starts In
- Muni CEF’s have better liquidity, with talk about prices quoted daily
- ► September (21) – ► Sep 30 (1)
- Policy structure
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