Planning to cash in on smart city bonanza by buying a property near a new metro line or highspeed rail corridor? It won’t come cheap now. Starting next fiscal, the government will tap into the premium that public investments generate for private landowners.
The government looks set to initiate value capture financing (VCF) for all infrastructure projects in 2017-18. According to sources, the policy will be formally launched by Prime Minister Narendra Modi in February next year. Read More…
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