National Urban Digital Mission to connect 2,535 cities

By: |
July 30, 2021 2:15 AM

“One lakh houses in urban areas were constructed last year to provide rental accommodation to poor street vendors and migrant workers,” Mishra said at a session of the Bharat Chamber of Commerce.

In addition to completing 725 km of metro railway, 1,060 km are being constructed across 18 cities. (Representative image)In addition to completing 725 km of metro railway, 1,060 km are being constructed across 18 cities. (Representative image)

The National Urban Digital Mission, initiated to improve urban connectivity, will connect nearly 2,535 cities, Union secretary for housing and urban affairs Durga Shankar Mishra said on Thursday.

In addition to completing 725 km of metro railway, 1,060 km are being constructed across 18 cities. “One lakh houses in urban areas were constructed last year to provide rental accommodation to poor street vendors and migrant workers,” Mishra said at a session of the Bharat Chamber of Commerce.

The real estate sector has been stressed for quite some time, but it has started showing signs of improvement since the first quarter of the current fiscal. The sector contributes an average of 7% to the nation’s GDP and is expected to reach 10% by 2025. “The real estate sector in India is set to be valued at $1 trillion in the next few years, coinciding with the Prime Minister’s vision of a $5-trillion economy,” Mishra said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Indian Railways’ plan to earn additional income; will set up rail coach restaurants at stations
2India likely to launch Asia’s First Hybrid flying car; Here’s all you want to know
3COVID lockdown motivated bus operators to harness the potential of data: Amit Gupta, Co-Founder, gogoBus