Karnataka Housing Board (KHB) will construct a 2,000-acre township adjacent to Mysore Road in the southwestern part of Bengaluru by mid-2023. Officials said that the construction will commence post May 2023.

Construction of another 1,000-acre township is almost 50% complete. KHB officials say residential apartment allotment for the township will commence in March 2023, and the e-auction for commercial development is set for June 2023. In total, KHB plans to launch about 4,000 acres of townships in several parts of Bengaluru by end-2023.

NC Arjun Kumar, Superintendent Engineer of Karnataka Housing Board, told a leading daily, “The new township will be constructed adjacent to BGS International School and will have more than 10,000 residential units.”

McKinsey says $12.1 Tn of Green Investments Required till 2050
for Decarbonizing India

India will need to invest an estimated $12.1 trillion by 2050 to achieve carbon neutrality, says McKinsey & Company report on ‘Decarbonising India’. This would require the country to dedicate 5.9% of GDP towards climate finance.

“India will need an estimated $7.2 trillion of green investments until 2050 to decarbonise in the LoS (line of sight) scenario and an additional $4.9 trillion for the ‘Accelerated’ scenario (about 3.5% and 2.4% of India’s GDP through this period respectively). 50% of the investment required for decarbonisation is economically viable, particularly across renewable energy, auto and agriculture; others would need policy support,” the report said.

India is the world’s third largest emitter, creating 2.9 gigatonnes of carbon dioxide every year, which is 4.9% of annual global emissions, the report states.

UP’s Largest - Ganga Expressway makes Headway in Clearing and Grubbing Work

Work on the 594 km long Ganga Expressway in Uttar Pradesh to be built at over ₹36,200 crore cost is progressing quickly, with 82.58% of clearing and grubbing (C&G) work done.

As per the latest progress report of Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), C&G work is done on 490.48 km out of the total
594 km of the expressway.

While IRB is executing group 1 to be built with ₹6,538 crore, Adani Enterprises Limited (AEL) is building three groups of the Ganga Expressway project (151.7 km from Badaun to Hardoi, 155.7 km from Hardoi to Unnao and 156.9 km from Unnao to Prayagraj) in a contract worth ₹17,085.16 crore.