hyderabadupdates.com Real Estate Scheme to incubate eight new cities cannot be implemented: Housing ministry

Scheme to incubate eight new cities cannot be implemented: Housing ministry

The government has decided to abandon its plan for the development of eight new cities, explaining that inadequate planning frameworks rendered the Rs 8,000 crore grant from the 15th Finance Commission unusable. With a keen eye on effective fund management, the ministry has opted to reallocate the budget towards bolstering seven established city economic zones, aiming for more sustainable growth.

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