Chandigarh Metro rail project in India may begin in 2013
Chandigarh Metro rail project in India may begin in 2013in Property Time |Property News ! Thu Feb 07, 2013 12:57 pm
by Property deals
Government of Chandigarh in India is planning to start construction of a new Metro rail project from February 2013 which will cost about Rs83.88bn ($1.7bn).
According to a presentation by the Delhi Metro Rail Corporation (DMRC), the metro line will span 37.69km, with expected completion by 2018.
The cost of the project does not include the land acquisition cost, and the project will be shared by the state of Punjab, Haryana and Chandigarh.
DMRC joint general manager R C Sharma told the Press Trust of India that different activities such as topographic surveys, geotechnical investigations, traffic forecasts and planning of horizontal and vertical alignment have been done and a social impact assessment will start soon.
Chandigarh Metro rail project will have 12 new underground and 18 elevated stations, with one metro station every kilometre where the metro is underground and every 1.3km where it is above ground.
The first phase will involve construction of two metro corridors and the intersection station which will be in Sector 9.
The North-South corridor would cover 14km from around the Capitol Complex to Aero city in Mohali, while the East-West corridor would cover 21km from Sector 21, Panchkula to Mullanpur. As per the plan, one corridor will be between Mullanpur and Grain Market, Sector 20 in Panchkula, with the other from Capitol Complex to Gurdwara Shahidan in Mohali. A parking area for the metro on the East-West route is likely to be considered in Mullanpur.
RE: Chandigarh Metro rail project in India may begin in 2013in Property Time |Property News ! Fri Aug 23, 2013 8:24 am
by Partap Singh • 1 Post
From an area that lacked basic amenities till sometime back, Mullanpur — which recently hit the headlines after the Punjab government decided to rename it as "New Chandigarh" — seems to be finally coming into its own. With work for expansion of roads in full swing, coming up of residential complexes and a Metro Rail proposed to connect the area — Mullanpur is witnessing a transformation.
With Chandigarh being landlocked and Zirakpur being an urban jungle with its haphazard development, eyes have turned towards the proposed development of Mullanpur. While elaborate plans were unveiled by the Punjab government recently, how these translate into reality will be clear in the coming months. The Master Plan of Mullanpur prepared by Singapore-based Jurong Consultants Private Limited entails development of more than 6,000 hectares of land spread over 33 villages.
Some amount of work is taking place. The road leading from Chandigarh to Mullanpur is being widened. The hindrance being a small stretch of road that passes through a market where there is no scope for widening. This, in fact, proves to be a traffic bottleneck.
Several housing projects are currently underway in Mullanpur. Apart from Ecocity by Greater Mohali Area Development Authority, residential projects of DLF and Omaxe are also underway. The area is teeming with property dealers. Every second shop at the market is that of people in the property business. With the Punjab government announcing the renaming of the area as New Chandigarh, property dealers feel that it would attract more people to invest here.
Rajneesh Sood, owner of Capital Properties, says that the cost of residential plots here varies from Rs 25,000 to Rs 35,000 per sq yard. "The area is witnessing development. Mullanpur is attracting people from Delhi and other places and we receive several queries.
RE: Chandigarh Metro rail project in India may begin in 2013in Property Time |Property News ! Fri Aug 23, 2013 9:13 am
by DR Mohinder • 1 Post
The Punjab Government has revived its plan to set up a state-of-the-art central business district (CBD) in Mohali. This time round, the government is planning to have a financial city here as an anchor, which in turn will attract investors to set up a convention centre, hotel and a theme park.
Senior officials in the Housing Department told The Tribune that the idea to set up a financial city would revive the CBD project, which had failed to take off because of slowdown in the real estate sector. Since the services sector in the country was still growing, the government was keen to attract banks and other financial institutions to set up their regional/zonal offices here, which in turn would give wings to the CBD project, they said.
The government has 250 acres of land for the project and the financial city project will be set up over 80 acres. “The proposal is to construct a commercial centre here and set up a financial district. We will approach various banks, financial institutions like LIC and private financial institutions to buy land in financial city and set up their zonal offices,” Chief Secretary Rakesh Singh told The Tribune.
He said most of the nationalised and private banks in the region had their north zone offices in Chandigarh, and many of them were looking at expanding these offices.
“Because of lack of space in Chandigarh, they have had to put on hold their plans. We can offer land to these institutions in Mohali,” he said. Rakesh Singh said the project to set up a financial district in Mohali would also help in strengthening the nascent knowledge economy of Punjab.
Source: Tribune India