Optimism in the Indian real estate sector is slowly returning. It is a vital sector of the Indian economy that contributes significantly to the Indian GDP. Some of the issues faced by this sector include uncertain global headwinds, high inflation rates, subdued retail demand, high interest rates coupled with credit crunch, challenges associated with land acquisitions, stamp duty costs, non-standardised bye-laws and limited institutional exit options.
Category: ECONOMY & POLICY
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Casa Grande’s luxury project launched in Chennai
Casa GrandeÂ’s has launched Casa Grande Platina, a luxury apartment project in Arumbakkam near Chennai. The project offers 26 spacious 3-Bedroom-Hall-Kitchen apartments on six blocks. The sizes range from 1,480 sq.ft to 1,652 sq.ft and are priced at around Rs 1.06 crore each, at Rs 7,200 a sq.ft.
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BECC launches residential project in Chennai’s Avadi
Chennai-based developer Bharat Engineering Construction Company (BECC) has launched a 2.2-acre residential project 'Alpha Lotus Towers' at Avadi in the city. The suburb to the west of Chennai has a mix of residential and industrial establishments.
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J&K projects miss deadlines despite repeated assurances
In Jammu and Kashmir, despite high level meetings and the pressing demands by Srinagar Divisional Commissioner Asgar Samoon to remove bottlenecks and enhance smooth traffic by widening National Highway, very little has actually been met on the pragmatic roadmap.
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J&K projects miss deadlines despite repeated assurances
In Jammu and Kashmir, despite high level meetings and the pressing demands by Srinagar Divisional Commissioner Asgar Samoon to remove bottlenecks and enhance smooth traffic by widening National Highway, very little has actually been met on the pragmatic roadmap.
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Uttarakhand govt to introduce housing policy
In order to clear some of the impediments to housing projects in the state, Uttarakhand government decided to introduce a Housing and Urban Development policy. The proposed policy would be prepared and a separate authority with zonal units will be set up to remove the usual bottlenecks faced by people in clearance of housing maps both in private and group housing projects, simplifying the
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Haryana frames new housing policy to benefit 3.5 lakh familes
Haryana government has prepared a new housing policy — Priyadarshini Awaas Yojna - which would benefit over 3.5 lakh families below the poverty line (BPL) and, or, from the economically weaker sections (EWS) in the state. In the next two years, the state government aims to construct atleast 2 lakh houses under the scheme. Acc
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DDA works on land pooling policy
Delhi Development Authority (DDA), which proposes to set up three five more sub-cities, is working on a new 'land pooling' policy and it has suggested three different models on which the policy can be based. The suggestion was made by the authority to the union urban ministry at a recent meeting. It may be noted that the authority developed three sub-cities to date
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Experts call for special policies, laws for towns
Experts who attended the recently held Institute of Town Planners India (ITPI) congress called for a series of legislations and policies for the development of towns. For example, the Chief town planner for Gujarat PL Sharma stressed on the need for special legislations in the w
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New industrial policy may not up housing stock in Maha
The Maharashtra government unveiled new industrial policy earmarking 40 per cent of land for Special Economic Zones (SEZs) might not see substantial land being used for housing purposes in Pune district, say property experts. According to Maharashtra Industrial Development Corporation (MIDC), majority of the notified SEZs in Pune district will not have excess land to implement the schemes.