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The Gurgaon Police is planning to conduct a trial run on the entire route beginning the Delhi-Gurgaon toll plaza to the CRPF Kadarpur shooting range via Signature Tower, Z-chowk and Sector road 55-56 to check the pressure points for traffic and security.

The police have decided to dedicate the extreme left lane on the expressway for Games traffic and even a toll gate. The escort vehicles will move alongside on the right side of the Games vehicles. "We have decided to block the entry and exit at Ambiance Mall, Shankar Chowk, IFFCO Chowk and Signature Tower since they are en route to CWG venue briefly during the drills so that we can understand and divert traffic accordingly as per requirement. The trial run will be a real time operation which means we will close or divert traffic exactly the way (time of day and duration) it will be done during the Games," said S S Deswal, Gurgaon Police Commissioner.

The police will also issue traffic advisory for citizens to minimize the discomfort, he added.

The police are also conducting regular combing operations and have launched a drive to identify the floating population living in the city. "It is compulsory for landlords to get their tenants verified and for house owners to get their domestic helps identified," said Deswal.

Though there is no specific threat, the police chief said they are not leaving any stone unturned. "As far as security is concerned, we have deployed police within a radius of five kilometers of the CRPF campus. We are also setting up towers around the venue on the Aravalli hills. Non-CRPF staff entering the campus is being verified and issued ID cards, among others."

"We have also written to the state requesting for air surveillance during the Games," he added.

The other sections of Line 2 Jehangirpuri to Central Secretariat and Qutub Minar to Huda City Centre were already operational. ''The Central Secretariat to Qutub section will be inaugurated by Union urban development minister Jaipal Reddy and Delhi CM Sheila Dikshit at 1pm and commuters will be able to take the trains from 3pm on Friday,'' said a Delhi Metro Rail Corporation (DMRC) spokesperson.

The stand-alone Gurgaon line, which was barely being used by commuters till now, will also be linked to the heart of the city with the opening of this section. Commuters boarding the Metro from Huda City Centre will be able to reach Rajeev Chowk for a fare of just Rs 25, or get to Karol Bagh or New Delhi railway station in Rs 22-25. A trip to Kashmere Gate will cost Rs 28 while travelling the length of the city to get to Noida City Centre will cost just Rs 29.

The 45-km line 2 from Jehangirpuri to Huda City Centre comprises 34 stations, of which 20 are underground. The line is expected to ferry over 6 lakh passengers daily for which DMRC plans to run 36-40 trains during peak and off-peak hours to cater to the passenger load.

Source: Times Of India By Megha Suri Singh S Delhi's wait for Metro ends

Milestone Capital Advisors Ltd, which manages around `3,152 crore of assets in its portfolio, and Future Ventures India Ltd, the investment arm of retailer Kishore Biyani's Future Group, have filed draft prospectuses with the Securities and Exchange Board of India, or Sebi, for a public listing of shares.

Milestone says in its draft red herring prospectus (DRHP) that it will primarily use the money raised from its initial public offering (IPO) as seed capital for a new infrastructure fund (expected to be around `800 crore) and for a small and medium enterprises fund (`250-300 crore).

Future Ventures expects to raise `750 crore from its IPO to "create, build, invest in or acquire, and operate businesses in consumption-led sectors," it says in its DRHP, filed late August.

That's about one-fifth of its earlier fund-raising plan. In 2008, Future Ventures had filed a draft prospectus to raise `3,700 crore, but decided against an IPO when the stock markets crashed.

Spokespersons of both PE firms declined to comment, referring instead to the DRHPs.

Source: Live Mint By Deepti Chaudhary PE firms look to raise funds from market

The inter-ministerial Board of Approval (BoA) on SEZs, headed by Commerce Secretary Rahul Khullar, will also consider framing a policy for setting up units for recycling of plastics in SEZs, an official said.

As of now, there is no specific provision in the SEZ Act for such units.

The new SEZ proposals include Infosys Technologies IT SEZ in Bangalore, Lepakshi Knowledge Hub's proposed aerospace SEZ in Andhra Pradesh and the Gopalan E-Park IT SEZ at Mysore, Karnataka.

The board will also take up the requests of 24 developers, including Wipro, Mahindra and Mahindra, Ansal SEZ Projects and Wockhardt Infrastructure Development, who have asked for more time to execute their projects.

The BoA will also take up the request of real estate major Raheja Universal for de-notification of its IT SEZ in Maharashtra. Base Realty has also asked for permission to surrender its IT/ITeS SEZ in Maharashtra.

Source: Realty Plus Govt to take up 8 new SEZ proposals on Sept 16

However, a section of developers felt the deduction of interest paid on home loans could have been raised from the existing limit Rs 150,000.

"The move to retain the tax benefit will help home buyers. However, it does not help developers much. The government could have considered raising the limit to Rs 2.5 lakh, instead of maintaining it at Rs 1.5 lakh," Rajiv Talwar, executive director of DLF, said.

The Income Tax Act, 1961, provides for deduction from taxable income of up to Rs 150,000 towards interest paid on a home loan availed for purchase or construction of a property.

Source: Realty Plus Realtors, Banks Cheer As Home Loan Rebate Stays

Occupier markets picked up further in Q2, with more countries indicating that lettings demand moved higher compared to the first quarter. That said, the rise in lettings activity remains insufficient to exert upward pressure on rents in the majority of markets as available space continues to move higher in all but a handful of countries.

Indeed, rents continue to fall in 30 of the 46 countries surveyed. Available space continues to increase in 8 out of 10 countries surveyed.

Confidence towards commercial rents in Q3 2010, in India ranked 6th highest amongst 46 countries even though lettings activity ranked lower at 13th position. While confidence towards capital values in India was relatively strong at 10th rank, investment activity in India was relatively lower as compared to other countries, implying that other countries offer better investment returns.

पहले एफएआर 1.5 था जो बढ़कर 1.75 कर दिया गया है। इससे रेजिडेंशल प्लॉट पर ढाई मंजिल की बजाय 3 मंजिल तक घर बनाया जा सकेगा। यही नहीं, एक प्रस्ताव के तहत अगर कोई समूह अपने प्रोजेक्ट को ग्रीन बिल्डिंग के रूप में डिवेलप करेगा, तो उसे अप्रूव्ड एफएआर में से एक पर्सेंट एफएआर मुफ्त मिलेगा।

150 वर्गमीटर से ज्यादा एरिया वाले प्लॉट पर यानी स्टिल्ट पार्किंग के लिए ग्राउंड फ्लोर को ओपन छोड़ने का भी प्रस्ताव पारित किया है। स्टिल्ट बनाने का प्रस्ताव अनिवार्य नहीं है। इससे पार्किंग समस्या काफी कम की जा सकेगी। इंडस्ट्रियल प्लॉट में भी एफएआर बढ़ाने का फैसला किया है।

रेट बढ़ाए गए
यमुना एक्सप्रेस-वे अथॉरिटी ने अपने सभी कैटिगरी के प्लॉट्स के रेट बढ़ा दिए हैं। साथ ही डिवेलपमेंट फीस में भी बढ़ोतरी कर दी है। यमुना एक्सप्रेस-वे के डीपीआर में बदलाव किए गए हैं। साथ ही यमुना एक्सप्रेस-वे के सेक्टरों में गंगाजल की सप्लाई का भी फैसला किया गया है।

हुड्डा ने बताया कि ट्रैफिक मैनेजमेंट सिस्टम को हेल्दी बनाने के लिए जोरों से काम किया जा रहा है। इतना ही नहीं राष्ट्रमंडल खेलों को देखते हुए भी पुलिसकर्मियों को टूरिस्टों से बात करने की जानकारी देने समेत उन्हें व्यवहार कुशल बनाने के लिए काम किया जा रहा है। इसके लिए वर्कशॉप भी आयोजित की जा रही हैं।

मुख्यमंत्री के आदेश पर गुड़गांव के ट्रैफिक प्लान के बारे में डिटेल जानकारी देते हुए गुड़गांव निगम के आयुक्त आर. के. खुल्लर ने बताया कि गुड़गांव से मानेसर को 'गुड़गांव टू मानेसर कॉम्प्लेक्स' माना गया है। इसके लिए दिल्ली की कंपनी अर्बन मास ट्रांजिट को यहां ट्रैफिक व्यवस्था को बेहतर करने का अध्ययन करने की जिम्मेदारी सौंपी गई थी। कंपनी ने स्टडी करके रिपोर्ट सरकार को सौंप दी है। स्टडी में गुड़गांव से मानेसर तक ऐसे 22 चौराहों को चिह्नित किया गया है जहां तत्काल फ्लाईओवर बनाने की जरूरत है। इसके बाद इस रोड पर आने-जाने वाला ट्रैफिक बिना ट्रैफिक जाम से रूबरू हुए आवागमन कर सकेगा।

इसके अलावा इस रोड पर 8 स्थानों पर अंडरपास भी बनने चाहिए। यह वह स्थान हैं जहां फ्लाईओवर बनाने में परेशानी सामने आ रही है। इसलिए इन स्थानों पर अंडरपास बनाकर ट्रैफिक को स्मूद रास्ता दिखाया जाएगा। यही नहीं साइकल ट्रैक को अलग बनाने की जरूरत भी सर्वे रिपोर्ट में बताई गई है। इससे साइकल सवार वाहनों की चपेट में आने से बच सकेंगे और उन्हें भी अपनी अलग लेन मिल जाएगी।

खुल्लर ने बताया कि खासतौर से मानेसर में बड़े ट्रॉलों का लोड अधिक होता है। इसलिए गुड़गांव और मानेसर में 3 जगहों को फ्रेट स्टेशन के लिए चुना गया है जहां ऐसे जंबो ट्रॉले खड़े हो सकेंगे जोकि जगह-जगह खड़े होकर ट्रैफिक जाम का कारण बनते हैं। कई बार उनसे हादसे भी हो जाते हैं। अगर संभव होगा तो इन्हीं स्टेशनों से ट्रॉलों में सामान भर दिया जाएगा और इनमें भरे सामान को यहीं से छोटे वाहनों में भरकर उन्हें गंतव्य स्थान तक पहुंचा दिया जाएगा। इससे ट्रॉले ऐसे स्थानों में प्रवेश करने से बच जाएंगे जहां इनके जाने पर अनावश्यक रूप से जाम लग जाता है। गुड़गांव में रिंग रोड बनने से भी काफी राहत मिलेगी। यह सारी प्रक्रिया फ्यूचर विजन डॉक्युमेंट के रूप में की जा रही है।

The initiative was taken by the Cybercity Welfare Society (CWC) comprising IT and BPO companies and the logistics company TEZ. Egged on by NASSCOM Gurgaon Council, many MNCs have come together to address infrastructure issues.

According to Subinder Khurana, the co-chairman of NASSCOM Gurgaon Council, DLF Cybercity has about 65,000 employees who use cars, cabs or two-wheelers and majority of them (40,000) come from Delhi.

Starting October, when Gurgaon would get connected to Central Secretariat, thanks to Delhi Metro, these companies would encourage their employees from Delhi to use shuttle service to reach their offices.

The experiment in Gurgaon could be replicated by Noida MNCs. Regional transport officials said corporate houses would be given 50 per cent rebate on passenger tax if the companies introduce their own transport system.

"Majority of the complaints are made in respect of damage to bumper of cars, especially those of luxury cars. The contractor should use rubber tyres during towing process and exercise precautions to prevent damage while it is being towed away," a senior police officer said.

In the event of any damage caused to private vehicles while towing, the officer said, the owner of the crane "must reach the site of occurrence or traffic circle office immediately to settle the issue." The claim against damage, if any, caused to the vehicle during the process of towing will have to be compensated by the contractor, the officer said, adding these clauses were incorporated in the tender. "Traffic Police will not be responsible in any manner for any damage caused to the vehicle or claim sought by the vehicle owners in consequence to the towing activity," he said.

Traffic personnel on duty on the crane will maintain a register of vehicles towed or lifted along with time and exact location. "They will also take photographs of every vehicle towed as proof for justification of its removal from the location. The photograph will clearly show the registration number of the vehicle and the description of the location.

Source: The Pioneer Towing contractors to pay for damage to vehicles

This is for the first time the traffic police have become so stringent with this rule. Call centre cab drivers are infamous or rash driving and resultant accidents in which many people have been injured or killed.

The GPS system in cabs will help us to prosecute the call centre cabs driver caught violatign traffic norms on Delhi's streets AJAY CHADHA Special CP (Traffic)

About 1,500 call centre cabs ply on Delhi roads daily.

"We have categorically asked all call centre cab owners and operators in a meeting on Tuesday to immediately install GPS in their cabs. This will help us to prosecute the cabs that will violate traffic norms on Delhi's streets," said Ajay Chadha, Special CP (Traffic).

Deepak Ohlian, president of Business Process Industry Association of India, said: "We welcomed the recommendation of the Delhi traffic police. GPS is already installed in some of the call centre cabs and other cabs will also have this technology soon."

Source: Hindustan Times By Subhendu Ray Keeping Track:  Traffic Police Wants GPS In Call Centre Cabs

The Municipal Corporation of Faridabad (MCF) on Tuesday passed a resolution for regularisation of 67 unauthorised colonies in Faridabad.

The 35-member House met this afternoon and besides many other issues deliberated on the issue of unauthorised colonies.

Amid the din, the resolution for regularisation of the 67 unauthorised colonies was passed with almost all the corporators describing it as "a landmark step for overall development of Faridabad". This was the second time such a resolution was passed.

Last year, a resolution for regularisation of 77 unauthorised colonies was passed and sent to the state government for approval. But, officials said, the proposal was returned with a few objections, forcing the civic agency to conduct a new survey.

The proposal for regularisation of 67 unauthorised colonies will now be forwarded to the state government through Gurgaon divisional commissioner for final approval.

"Some unauthorised colonies form part of my ward, which I represent. The clearing of a regularisation proposal will certainly make life in these colonies worth living," said Rajinder Bamla, Corporator of Ward number four.

The Haryana government has decided to construct new state-of the-art-modern bus stands, create state register and issue smart card-based driving licences and registration of certificates across the state.

These new bus stands will meet the changing needs of public transportation and have a high-grade infrastructure and support services to provide comfortable and efficient services to passengers.

"Initially, tenders will be floated shortly for 20 locations for the development of modern bus stations. Four consultancy firms have also been appointed for advising and determining the yardsticks for establishment of state-of-the-art-modern infrastructure," said a senior officer of the Transport Department.

The locations that have been selected include Karnal, Panchkula, Manesar, Bahadurgarh, Faridabad (NIT), Faridabad (Ballabhgarh), Yamunanagar, Rohtak, Gurgaon (near Rajiv Chowk), Gurgaon ( existing bus stand), Gurgaon (Sector 29), Faridabad (Sector 12), Palwal, Bawal, Sonipat, Kundli, Panipat, Ambala City, Hisar and Pipli.

Besides, the Transport Department has decided to create a state register and issue smart card-based driving licences and registration certificates through the Public Private Partnership (PPP) mode.

Source: igovernment.in By By Hemant Singh Haryana plans overhauling of Transport Deptt

"The root cause being, inflation, which in-spite of RBI's efforts has not come down to satisfactory levels, and is further spreading from food items to non-food items. RBI is cautious and it is expected that, it will act soon to counter that," said, executive director, HDFC Bank Ltd, Paresh Sukthankar.

He said, "Due to tightening of liquidity, we could see a hike of 50-75 bps in the lending rates. The rise is likely to impact loans across the board including home loans, personal loans, and the like. The rise however, will not happen at the first instance. It will take place in tranchesby the end of current fiscal," said Sukthankar.

The Haryana Tourism is gearing itself for the Commonwealth Games (CWG) being held in Delhi in October, 2010. All tourist complexes in the National Capital Region (NCR) are being renovated and upgraded while rooms are being done up and provided with new furniture, fabrics and additional facilities to draw tourists, an official spokesman said here today. He said LCD TV sets, mini-refrigerators, split ACs and other facilities were also being provided in the done-up rooms to raise the comfort level of visitors.

The Commonwealth Games are being held at a time when Haryana Tourism is celebrating 36th year of its existence. Camping sites with tented AC accommodation and attached toilets have been set up at Surajkund near Faridbad and Dundahera in Gurgaon district for the stay of visitors during the CWG. Similar camping sites are also being set up at Damdama, Hodal and Dharuhera, the spokesman said.

He said the move will not dishearten the low and mid-income group from going ahead with their buying decisions.

The first draft of Direct Tax Code (DTC) was silent on exemption on interest paid on housing loans. However, after adverse feedback from

"It is a very good thing that the government has retained the exemption. It will have a feel-good various quarter, the second draft proposed to retain this exemption, which is also incorporated in the bill.

Commenting on the development, the country's largest realty firm DLF Group executive director Rajeev Talwar said: "It is good that the exemption has been retained. However, the industry was expecting enhancement of the limit.

"I think, in future the government has to consider increasing the limit to include more people in the bracket."

Haryana Chief Minister Bhupinder Singh Hooda Tuesday said the state government was actively considering enhancement of the floor rate for land acquisition.

The state's present land acquisition policy is considered the best in the country for its higher rate of compensation and also offering rehabilitation and annuity for 33 years for the farmers.

Hooda said: 'The policy is being changed for betterment in the interest of the farmers. The floor rates in the state are the highest and I might revise these again.'

Hooda added that he is a son of a farmer and understands the feelings of the farming community, particularly when they are displaced from their land.

Source: Sify.com Haryana likely to enhance land acquisition rates

But if you are one who has a home loan running for a few years now and are under the BPLR system, you may be feel- ing cheated. So, does it make sense for you to switch to the new base rate system, which is fairer? If yes, how can you do it and would it really make a dif- ference to your equated monthly instalments? We ad- dress these issues and more.

What makes base rate fairer than BPLR?
Under the BPLR regime, you paid more when interest rates went up because some banks were prompt in hiking the BPLR.

Click On Image For PDF View...

However, their BPLR never come down even when interest rates head south. So, a drop in interest rates didn't mean you paid less.
This made the BPLR system un- fair and non-transparent.

The new base rate system promises to give a fairer deal, at least to new customers. Since the base rate is the minimum rate at which banks are permit- ted to lend, the banks will have to alter it whenever their cost of funds and other parameters al- ter, owing to change in key rates announced by the Re- serve Bank of India (RBI). The change in loan rates will be equal to the change in base rate and would, therefore, lend transparency to the system.

Source: Live Mint By Bindisha Sarang Home Loans: BPLR Rates Are Rising, Shift To Base Rate

• How can you shift?

• Should you shift?

This 39.53-km-long road provides a vital link to vehicular traffic connecting major parts of Punjab, Himachal Pradesh, Jammu and Kashmir with Haryana, Delhi and Rajasthan bypassing Chandigarh and Mohali.

Missing the deadline of December 2009, the project is still not complete with a Gurgaon-based C&C Constructions Limited seeking another extension till January 2011 for completion, after the repeated extensions granted till July 2010 lapsed.

While the private agency, which was awarded the project at Rs 108.98 crore in July 2007, blames the non-clearance of path due to non-shifting of utilities like electricity poles, water, sewerage lines, non-removal of encroachments, non-clearance from Forest department, delayed land acquisition and several other problems at the level of various government departments, the PWD is contemplating to impose penalty on the contractor for the "delay".

PROJECT details
Existing width of the road from 3.5 metres to 5.5 meters was to be widened up to standard two-lane configuration with hard shoulders in Tepla-Landran section and four-laning in the rest of the reach. There are seven bridges, 55 culverts and a 17-km-long drain to be constructed.

Blame Game
PWD SDE Pawan Kumar initially blamed monsoons for the delay but when reminded that the deadline had elapsed 8 months ago, he was quick to shift the blame on the contractor. "We will penalise the contractor for the delay," he said. While PWD Executive Engineer A S Brar said he could not comment since he was shifted recently, his successor Gurmukh Singh said he was yet to study the project. When asked about his senior officials, Gurmukh said, "They will also be unaware. You better ask me after some days".

Source: The Indian Express By Nitin Jain PWD `fails' to clear pathway, Rs 109-cr highway project hits roadblock

Now, HUDA faces no hurdle in completing the road to Kadarpur Shooting Range, the only Games venue in Gurgaon.

HUDA has assured that four 350-square yard plots will be allotted within 24 hours to the affected land owners who had moved court and got a stay on construction of about 300m of the road. Officials said with this the HC quashed the stay order on Monday bringing huge relief to the agency. ``We will hold a special draw of four plots for the four stakeholders on Tuesday, though only two of them had approached the court. We will rehabilitate the affected land owners as per the court order. We will also start work on the remaining portion of road from tomorrow itself,'' HUDA administrator Nitin Yadav told Times City.

He added that the rehabilitation package also includes allotment of one shop in a commercial shopping complex, but that would be done in next six months as per the court order.

One of the affected land owners, Ram Singh, said he doesn't want to spoil the government's plan of building the road to the Games site. ``Government has spent crores for Games. We don't want to come in its way. But we must also be rehabilitated properly,'' he added.

The 60-metre-wide road is being laid to connect the DLF Golf Course Road to the shooting range set up in the CRPF camp in Kadarpur.