State govt to carry out feasibility studies for satellite towns around Jaipur
2
Jaipur: Following a Budget announcement, the state govt is in the process of carrying out feasibility studies to develop satellite towns, said urban development and housing Minister Jhabar Singh Kharra.
"We are in talks with a multinational company to construct satellite towns around Jaipur city. We expect to complete the feasibility within the next few months," Kharra said.
According to senior UDH department officials, in line with Gujarat International Finance Tech (GIFT) City and the Hyderabad Information Technology and Engineering Consultancy (HITEC) City, the state govt wants to develop these townships as hi-tech cities.
The govt has zeroed in on small towns like Bassi, Bagru, Chomu, and Kotputli to develop them into satellite towns.
"During the state budget of 2024-25 – the first budget of the present BJP govt – the state govt announced the concept of building the satellite townships. In fact, to facilitate the construction of satellite towns, the govt brought a few changes in the township policy, incorporating suitable policies already implemented by the neighbouring states," an official said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
[속보]'한 달만에 5cm 성장!?' 2개월치 무료증정 압도적 키성장 1위!
아이클타임
더 알아보기
Undo
Kharra added that once the govt decides on the location and plans for these satellite townships, fresh feasibility reports would be prepared to analyse the transport connectivity for such towns.
"There are plans to connect the proposed towns – those that would be located within a radius of 20-40 km – with the metro. However, we would take the final decision only after the feasibility reports are prepared," added Kharra.
Kharra said, the plan to extend the metro from Badi Chaupad to Transport Nagar has not been principally rejected. The Jaipur Metro Railway Corporation has appointed an agency to carry out a survey on the prospects of this metro extension.
"The proposed extension between Badi Chaupad and Transport Nagar has a major glitch. The proposed stations are too close to each other. We are conducting a survey on whether the stretch would be feasible even after revising the locations of the proposed stations.
Or, instead, a new stretch to Galta Ji Temple from Badi Chaupad – through the Hawa Mahal Road – would be more feasible," the minister added.
Times View: The proposal to build a satellite town near Jaipur, as outlined in the Jaipur Development Authority's Master Plan 2025, is a promising initiative. However, the state government must prioritise enhancing infrastructure across Urban Local Bodies statewide. Establishing robust road connectivity between proposed satellite towns, such as Chomu, and major cities like Jaipur is crucial. Without these foundational improvements, the satellite town's potential benefits may remain unrealised, hindering regional development and integration efforts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Gold steadies after touching one-week low as markets eye Trump-Zelenskiy meeting
Gold held steady on Monday after hitting a one-week low, with attention turning to U.S. President Donald Trump's meeting with Ukrainian President Volodymyr Zelenskiy and European leaders to discuss a peace deal with Russia. FUNDAMENTALS by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo * Spot gold was up 0.1% at $3,340.71 per ounce, as of 0040 GMT, after hitting its lowest level since August 1. * U.S. gold futures for December delivery rose 0.1% to $3,385.70. * European leaders are set to join Zelenskiy on Monday for discussions with Trump. Live Events * Russia would relinquish tiny pockets of occupied Ukraine and Kyiv would cede swathes of its eastern land which Moscow has been unable to capture, under peace proposals discussed by Russia's Vladimir Putin and Trump at their Alaska summit, sources briefed on Moscow's thinking said. * Benchmark 10-year U.S. Treasury yields hovered at near two-week high level, while U.S. dollar index inched lower, making gold less expensive for overseas buyers. * Investors are also looking ahead to the Federal Reserve's annual symposium in Jackson Hole, Wyoming, for insights into interest rate cuts paths. * Last week, consumer and wholesale price data appeared to send mixed signals regarding the economic impact of Trump's import tariffs. * Economists polled by Reuters largely expect the Fed to announce a rate cut in September, its first this year, with a possible second cut by the year-end as concerns mount over the U.S. economy. * Non-yielding bullion, considered a safe-haven assets during periods of uncertainity, tends to perform well in low-interest-rate environment. * Meanwhile, a planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, a source said. * Elsewhere, spot silver rose 0.2% to $38.07 per ounce, platinum gained 0.3% to $1,339.30 and palladium was up 0.8% to $1,121. DATA/EVENTS (GMT) 0430 Japan Tertiary Ind Act NSA June 0900 EU Total Trade Balance SA June.
Time of India
31 minutes ago
- Time of India
Dollar braces for busy week of geopolitics and Fed speak
The dollar dithered on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve 's Jackson Hole symposium for more policy clues. Currency moves were largely subdued in the early Asia session, though the dollar steadied after last week's fall as traders further pared back bets of a jumbo Fed cut next month. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo by Taboola by Taboola The euro was little changed at $1.1705, while sterling edged up 0.07% to $1.3557. Against a basket of currencies, the dollar advanced slightly to 97.85, after losing 0.4% last week. Markets are now pricing in an 84% chance the Fed would ease rates by a quarter point next month, down from 98% last week, after a raft of data including a jump in U.S. wholesale prices last month and a solid increase in July's retail sales figures dimmed the prospect of an oversized 50-basis-point cut. Live Events "While the data don't all point in the same direction, the U.S. economy looks to be in okay shape in the third quarter," said Bill Adams, chief economist at Comerica Bank. "The Fed is likely to cut interest rates by year-end, either in September, when markets now price in a cut, or a few months later, when Comerica forecasts a cut." The main event for investors on Monday is a meeting between Trump and Zelenskiy, who will be joined by some European leaders, as Washington presses Ukraine to accept a quick peace deal to end Europe's deadliest war in 80 years. Trump is leaning on Zelenskiy to strike an agreement after he met Kremlin chief Vladimir Putin in Alaska and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Also key for markets this week will be the Kansas City Federal Reserve's August 21-23 Jackson Hole symposium, where Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. "I think (Powell) will also talk about the current economic conditions in the U.S., and that will be more policy relevant, that will be more interesting to markets," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. "Given market pricing is very high for a rate cut in September, I think the risk is that Powell is hawkish, or is perceived to be hawkish, if he gives a balanced view of the U.S. economy." In other currencies, the dollar rose 0.11% against the yen to 147.34, after falling roughly 0.4% last week. Japan's government on Friday brushed aside rare and explicit comments from U.S. Treasury Secretary Scott Bessent who said the Bank of Japan was "behind the curve" on policy, which appeared to be aimed at pressuring the country's central bank into raising interest rates. The Australian dollar was up 0.1% at $0.65145, while the New Zealand dollar rose 0.15% to $0.5934, after falling 0.5% last week.
Time of India
43 minutes ago
- Time of India
Bengaluru man's Rs 78,000 EMI on Rs 1.3 crore flat turns into burden after layoff. Sparks rent vs buy debate online
Owning a dream home in Bengaluru is often seen as a milestone, but for one family, it has become a source of stress. A story shared on X by a user called Wealth Whisperer has stirred a heated discussion about whether buying property in India's metros is worth the risk compared to renting. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency Wealth Whisperer narrated the story of her cousin's husband, who purchased a flat worth Rs 1.3 crore a few years ago. With a hefty down payment of Rs 50 lakh and monthly EMIs of Rs 78,000, the family managed to keep up—until a recent job loss from an MNC turned the investment into a financial strain. She revealed that she advised him to sell the flat and start afresh with new plans. — chai_and_chat (@chai_and_chat) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Internet debates The post sparked strong reactions. One user compared it with his own experience, saying he bought a flat for Rs 65 lakh in 2020, made a down payment of Rs 20 lakh, and took a loan of Rs 45 lakh. His EMI came to around Rs 40,000, but he claimed that he could now rent the flat for Rs 55,000 or sell it for Rs 1.5 crore. He also added that at one point, he rented the property out, used the proceeds to repay part of the loan, and now felt confident he could clear the balance with his PF. Others weighed in on the bigger question. 'Is it really worth buying costly apartments these days, or should we just rent?' asked one user. Wealth Whisperer responded that there is no universal answer, explaining that it depends on a person's bank balance and the prevailing rent. Some users shared their philosophies on money. 'That's the only reason I pay in cash: one-time payment, no EMIs,' wrote one. Another questioned the wisdom of taking on debt with an unstable job, suggesting that only government employees enjoy true security. Wealth Whisperer countered this by claiming that over 90 per cent of Indians are in private jobs and will naturally want to buy homes, but the real key lies in calculating the risks before taking on heavy debt.
