Articles
Six Infrastructure Projects Approved by Centre to Pave the Way for Development
India is on the path of development and growth, and the recent approval of six infrastructure projects under the PM Gati Shakti initiative is a clear indication of that. These projects, which include renewable energy, roads, and railways, were approved by the Network Planning Group (NPG) on March 22, 2023, according to an official statement by the Ministry of Commerce and Industry (MoCI).
The projects were recommended during the NPG’s 45th session, and they will be developed in line with PM GatiShakti principles, utilizing an integrated and holistic approach. The NPG examined and recommended one project by the Ministry of New and Renewable Energy (MNRE), three by the Ministry of Railways, and two by the Ministry of Road Transport and Highways of India (MoRTH).
The six approved projects will provide multimodal connectivity, seamless movement of goods and passengers, and increase logistics efficiency across the country. The three railway projects proposed by the Ministry of Railways involve the construction of an elevated railway track for Kanpur Anwarganj – Mandhana, a rail bridge across the river Ganga to connect Vikramshila – Katareah railway station, and the doubling of Ajmer – Chittaurgarh railway line of 178.28 km.
The first railway project aims to increase line capacity utilization and improve city logistics in the region. The second project is a critical infrastructure project, as it will provide seamless freight flow movement upon completion, and the third project will predominantly serve the industrial and tribal belt in Rajasthan, which is home to many religious, tourist, and historic places.
The MNRE project examined by the NPG involves the Inter-State Transmission System for Renewable Energy Projects in Ladakh, which is described by the government as an essential and unique project. The project is a significant step towards achieving the Government of India’s target of 500 GW capacity from non-fossil fuels by 2030.
The PM Gati Shakti – National Master Plan was introduced on October 13, 2022, with the aim of creating integrated infrastructure to save logistics expenses. These six approved projects are expected to boost the country’s infrastructure and promote the use of renewable energy, which is in line with the government’s sustainable development goals.
In conclusion, the approval of these six infrastructure projects is a significant step towards India’s growth and development. The country is on a mission to become a self-reliant nation, and these projects will undoubtedly play a significant role in achieving that goal. The government’s commitment to sustainable development and renewable energy is commendable, and these projects are a clear indication of that commitment.
Uncategorized
Information & Status Update – Dwarka Expressway
The construction work on the Dwarka Expressway project (NH 248-BB) is currently underway as an access-restricted expressway. The highway will link Kherki Dhaula in Haryana with Mahipalpur (Shiv Murti) in Delhi via New Gurgaon (Gurugram).
The Northern Peripheral Road (NPR) was the project’s original name when it was first proposed in 2006, but the National Highways Authority of India (NHAI) subsequently received control of it.
The highway was built by the two construction firms J Kumar and Larsen & Toubro. More than 20 flyovers and bridges, 2 train overbridges and underpasses, 11 car underpasses, 20 subterranean pedestrian crossings, and a 2.5 m wide cycle and bike trail are all included in the project.
The anticipated completion and opening date for the Dwarka Expressway project is June 2023, which is later than the project’s initial completion date of December 2022.
- Total Estimated Cost: Rs. 8,662 crore
- Length: 29.10 km
- Lanes: 8 lanes + local service lanes
- Owner: National Highway Authority of India (NHAI)
- Status: Under Construction
- Completion Deadline: 2022-end
- Project Model: Engineering, Procurement & Construction (EPC)
The DMRC has planned to build a subway line that will follow the route of the Dwarka Expressway. However, the Haryana government is still considering whether to approve this initiative as well as a number of others.
In addition, as part of the Dwarka Expressway project’s Package 5, a new 5 km tunnel has been suggested to link Terminal 3 at Delhi’s Indira Gandhi International (IGI) Airport.
Project Overview Video
Route Map
The construction of the Dwarka Expressway through New Gurgaon has led to the development of many new housing and residential real estate projects. The expressway passes through residential sectors such as 83, 84, and 99-113, along with several commercial sectors including 105, 106, 109, 110, 110A, 111, 112, and 113. Along the route, there are also business sectors 105, 106, 109, 110, 110A, 111, 112, and 113.
The authorities have divided the Dwarka Expressway project into four sections, with two sections in Delhi totaling 10.10 km and the other two sections in Gurugram totaling 19.0 km.
Prakhar Sahay has provided a thorough explanation of the orientation, features, and interchanges of all four products on YouTube.
Package 1
- Scope: IGI Airport and Shiv Murti at Mahipalpur to Bijwasan Road Underbridge (RUB) (Km -0.60 to Km 5.30)
- Length: 5.90 Km
- Contractor: J Kumar Infraprojects (JKIL)
- Contract Value: Rs. 1349 crore
- Status: Under construction since September 2020 after Delhi Government’s approval in July, 2020
Note: The planned UER II Expressway on the west side of Delhi will include the Dwarka Expressway project as a major component. The planned Rangpuri Bypass, which will link to Vasant Kunj at Nelson Mandela Marg, will also use it as its western terminus.
Package 2
- Scope: Bijwasan RUB to Delhi/Haryana Border (Km 5.30 to Km 9.50)
- Length: 4.2 km
- Contractor: J Kumar Infraprojects (JKIL)
- Contract Value: Rs. 1540 crore
- Status: Under Construction
Note: Package 2 of the Dwarka Expressway project connects to the international exhibition-cum-convention center (ECC) project, which is presently under development in Sector 25 of Dwarka.
Package 3
- Scope: Delhi/Haryana border to Basai Rail Overbridge (ROB) (Km 9.5 to Km 19.70)
- Length: 10.2 km
- Contractor: Larsen & Toubro (L&T)
- Contract Value: Rs. 1334 crore
- Status: Under Construction
Note: This deal includes an 8.5 km, 8-lane flyover on a single wharf, and they are adding an additional ROB to Basai ROB.
Package 4
- Scope: Basai ROB to Kherki Dhaula (Km 19.70 to Km 28.5)
- Length: 8.8 km
- Contractor: Larsen & Toubro (L&T)
- Contract Value: Rs. 1,046 crore
- Status: Under Construction
Note: The Dwarka Expressway Project’s southern terminus, where it joins with the Central Peripheral Road (CPR), leads to the Southern Peripheral Road in the conclusion. (SPR). They are currently constructing a cloverleaf interchange to connect the expressway with the NH-48 (previously known as NH-8) highway.
Package 5
- Scope: Airport Connectivity from Dwarka Expressway – Tunnel to T3
- Length: 5 km
- Lanes: 4
- Contractor: Not Assigned
- Status: Tender Notice Pending
Status Update
The original target date of December 2022 for the Dwarka Expressway project will not be met, and the project is now expected to be completed and opened in June 2023.
A YouTube film by Rajan Singh (RSLive) gives an update on the expressway project’s current state.
Uncategorized
Achieve Financial Freedom by Investing in Real Estate
Achieving financial freedom is a goal that many people strive for. Whether you want to retire early, start your own business, or travel the world, having enough money to live on without relying on a traditional job is a dream for many. One way to achieve financial freedom is through investing in real estate. In this post, we’ll explore how real estate can provide passive income, financial stability, and the potential for early retirement or other financial goals.
Passive Income
The possibility for passive revenue is one of the main advantages of real estate investment. You can receive a monthly renting revenue from your renters when you buy a rental property. Once the property is paid off, you can use this money to handle your mortgage, property taxes, and other outgoing costs. It can also give you a reliable source of passive income.
Financial Stability
In unstable times, real estate can also offer financial security. Real estate is a physical commodity that you can handle and see, as opposed to stocks or other types of investments. It’s also less erratic than other assets, which means its worth is less likely to change suddenly and dramatically. Additionally, since real estate values have a tendency to rise over time, your purchase may gain worth in the long run.
Potential for Early Retirement
Real estate investing can also assist you in reaching other financial objectives, such as early retirement. You may eventually be able to stop relying on a conventional employment for revenue by using renting homes to generate passive income. As a result, you may be able to resign earlier or explore other financial objectives like beginning your own company or international travel.
Tips for Investing in Real Estate
If you’re interested in using real estate to achieve financial freedom, here are a few tips to get started:
Do Your Research
Make sure to do your study before buying any real estate. To estimate the possible return on investment, consider area rental prices, property values, and real estate patterns.
Start Small
Start modest when investing in real estate since it can be a sizable financial investment. To get started, think about getting a single-family house or a modest multi-unit building.
Work with a Professional
Working with an expert can be beneficial because real estate buying can be complicated. To assist you in finding and managing homes, think about working with a real estate representative or property manager.
Be Patient
Be patient; real estate buying is a long-term endeavour. Even though property prices and leasing income may change over time, if you keep your properties for the long haul, you may be able to reach other financial objectives such as financial independence.
Conclusion
Real estate investing can be a great method to become financially independent. Real estate can add value to any investment strategy by producing passive income, ensuring financial security, and giving the possibility of early retirement or other financial objectives. Through real estate buying, you may be able to achieve financial independence if you use these suggestions and do your homework.