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Why Mumbai s property market offers a clue on what will happen to British house prices
Sales in December rose 200pc following a stamp duty cut, but Mumbai is hurtling towards its own March 31 deadline
23 February 2021 • 6:00am
The property market in Mumbai has been massively boosted by a stamp duty cut very similar to Britain s
Credit: Akshay Mandilia / EyeEm
Our market has an unlikely mirror in Mumbai, where the Government has similarly slashed the tax bill for buyers who can complete before March 31.
As in the UK, sales in Mumbai duly exploded. But in January the Government there took measures to taper the tax break, and the market reacted immediately.
Plans to integrate metro and suburban Railways in Bengaluru
Indian Railways plans to electrify the entire railway network in Karnataka by 2023. “All trains passing through Karnataka will only run on electric traction by 2023, which will reduce pollution,” said Railways Minister Piyush Goyal.
While launching key railway projects via video conferencing on Sunday, Goyal said: “Today, I am missing my colleague & friend Shri Suresh Angadi ji who would have otherwise been launching these projects. I pay my tribute to Suresh Angadi ji for the exemplary work he has done for Railways & the State of Karnataka.”
Railways in the last six years has electrified a track length of 792 km, which is 17 times more than was electrified from 2009-2014. Also, about 70 new Road Over Bridges (RoBs) and 160 Road Under Bridges (RuBs) have been sanctioned in Karnataka since 2014.
Tenders For Bengaluru Suburban Rail Project Likely To Be Out In Two Months, Union Minister Piyush Goyal Reviews Project Progress
by Arun Kumar Das - Jan 12, 2021 06:18 AM
Union Minister for Railways Piyush Goyal
Snapshot
Bengaluru Suburban Rail Project envisages construction of 4 Suburban Rail Corridors with a total route length of 148.17 kms.
The project will be implemented by Rail Infrastructure Development Company (Karnataka) Limited (KRIDE), a Joint Venture company set up by the Ministry of Railways with the Government of Karnataka as a special purpose vehicle.
Reviewing the progress of Bangalore Suburban Railway Corridor, Railway Minister Piyush Goyal has said that the project should be planned in futuristic manner to incorporate the growing needs of city like Bengaluru.