The Delhi Metro which is winning accolades all over costs close to Rs.200 crores per KM compared to a Skybus which is 100% indegenous and costs only Rs.50 crores per km
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Is the Delhi Metro a costly mistake?
The task set out for Ravinder Nath Joshi was not an easy one. As finance head of the Delhi Metro Rail Corporation, he had to shell out Rs 17 lakh (Rs 1.7 million) for every metre that the rail route traversed -- and it traversed many thousands of metres. The total bill for the 60-odd km of the Metro is over Rs 10,500 crore* (@ Rs 175 crore per km). That is enough money to purchase 10 full-bodied Boeing 747s.
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Compulsory Acquisition: Govt. Helping Hand
The government acts as a facilitator by invoking its powers under the principle of
eminent domain3 and makes compulsory acquisition of land for a company. Land can be acquired by the government under Land Acquisition Act, 1894 (“the Act”) and specific legislations.Public purpose does not mean that company should acquire land for charitable purposes.Acquisition of land for housing project,18 expansion of a company engaged in the supply of electricity
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eminent domain3 and makes compulsory acquisition of land for a company. Land can be acquired by the government under Land Acquisition Act, 1894 (“the Act”) and specific legislations.Public purpose does not mean that company should acquire land for charitable purposes.Acquisition of land for housing project,18 expansion of a company engaged in the supply of electricity
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In MCD-Metro war, casualty is 75 acres of prime Delhi land
As for the builders, they are caught in between. “We have submitted all our plans for approval but due to absence of clarity between DMRC and MCD, we are all stuck,” says an MGF spokesperson not wishing to be named.....
The MCD disagreed. At a meeting in January 2007, it rejected Uppal’s request saying the auction itself violated the terms on which land was allotted to DMRC. All other plans are being similarly rejected. For Parsvnath Builders, which bought seven plots for commercial development — it also has the contract for the Games village and the Akshardham Metro station — this has been a big blow. “All our plans for Delhi are on hold,” says a company official. “It all depends now on what happens to the MCD-DMRC battle.”
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The MCD disagreed. At a meeting in January 2007, it rejected Uppal’s request saying the auction itself violated the terms on which land was allotted to DMRC. All other plans are being similarly rejected. For Parsvnath Builders, which bought seven plots for commercial development — it also has the contract for the Games village and the Akshardham Metro station — this has been a big blow. “All our plans for Delhi are on hold,” says a company official. “It all depends now on what happens to the MCD-DMRC battle.”
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MCD derails Metro station,no to Land
NEW DELHI: Municipal Corporation of Delhi (MCD) has refused to allot land to Delhi Metro Rail Corporation (DMRC) for construction of entry and exit structures at Lajpat Nagar Metro station. MCD said the rates at which the land was to be transferred was below the market price and thus was not acceptable under DMC Act.
The civic body was supposed to clear a proposal for transfer of land measuring 542.14 sq m to DMRC in the standing committee meeting on Wednesday, but the proposal was postponed by the legislative wing.
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The civic body was supposed to clear a proposal for transfer of land measuring 542.14 sq m to DMRC in the standing committee meeting on Wednesday, but the proposal was postponed by the legislative wing.
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Hotel Owner drags DMRC to High Court
Adil Singh Akoi, one of the heirs to the plush Hotel Imperial in the capital, has moved the Delhi High Court against the Delhi Metro Rail Corporation for quashing a tender taken out by the latter for a five-star hotel on a site that was once co-owned by the former.
The dispute is over a 10,800-square-metre property at New Delhi’s 8, Jantar Mantar Road that was first acquired by the Union of India through the Ministry of Urban Development in 2000 and handed over to the DMRC the same year.
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The dispute is over a 10,800-square-metre property at New Delhi’s 8, Jantar Mantar Road that was first acquired by the Union of India through the Ministry of Urban Development in 2000 and handed over to the DMRC the same year.
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