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PM to lay foundation of Ggn Metro on Feb 16; no launch for Dwarka eway now, ET RealEstate

Prime Minister Narendra Modi will lay the foundation stone for Gurugram Metro on Feb 16. The much-anticipated inauguration of Dwarka Expressway will not be conducted during the PM’s visit. The metro project will be financed by the Union government, state government, local bodies, and loans. The initial ridership of the route is expected to be around 5 lakh, increasing to 7.3 lakh by 2031. ....

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Rwa Seeks Rechecks, Refuses To Pay Reconstruction Fee, Real Estate News, ET RealEstate

The association has said flat owners are not ready to pay the fee of Rs 1,000 per sq ft for rebuilding the towers as offered by the developer. For reconstruction of flats, the flat owners who have not accepted buyback option will have to pay Rs 1,000 per sq ft in four instalments — 40% at the start of construction, 30% on completion of basic structure, 20% while applying for occupation certificates (OCs) and remaining 10% before possession. ....

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