The affordable housing sector is looking and feeling upbeat! The sector has been finally granted infrastructure status, in addition to interest rate subsidies through the PMAY scheme, the income-tax breaks have been extended effectively till 2024 and finally the government has moved the idea of providing regulatory and construction approvals within 60 days.
Category: ECONOMY & POLICY
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Center to push urban growth corridors
To effectively address the emerging urbanisation challenges, the Ministry of Urban Development has come out with a multi-pronged policy framework to promote living close to mass urban transit corridors.
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Ministry of Urban Development to push dense urban growth along mass transit corridors
To effectively address the emerging urbanisation challenges, the Ministry of Urban Development has come out with a multi-pronged policy framework to promote living close to mass urban transit corridors. This new initiatives seeks to promote ‘Transit Oriented Development (TOD)’ which enables people to live within walking or cycling distance from transit corridors like the Metros, monorail and Bus Rapid Transit (BRT) corridors, currently being taken up on a large scale.
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Demonetisation pulls stakeholder’s sentiments for Q4 to a new low
Knight Frank, a leading independent global property consultancy, has released its Sentiment Index
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Experts brainstorm to boost steel demand in Indi
Building entire villages made of prefabricated steel, large steel silos to store food grains across the country and increase in steel components in highways, flyovers, bridges, automobiles and aviation can stimulate domestic demand for the metal, according to experts from the steel industry.
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IVRCL Q3 net loss narrows to Rs 249 crore
Infrastructure major IVRCL has reported narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016. The company had registered a net loss of Rs 345.47 crore in the same period a year ago.
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RInfra net profit up 49percent at Rs 375 crore
Reliance Infrastructure Ltd (RInfra) has reported a 49 per cent rise in its consolidated net profit for the December 2016 ended quarter, owing to better operational performance.
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Centre cautions Chief Ministers on Real Estate Act timelines
With buyers entitled to seek relief under the Real Estate (Regulation & Development) Act, 2016 with effect from the first of May this year, the Central government has cautioned the states of a “serious situation of vacuum arising” if necessary institutional mechanisms, as required under the Act, were not put in place before that.
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Punj Lloyd Q3 net loss down to Rs 232 crore
Infrastructure major Punj Lloyd's net loss has narrowed to Rs 231.81 crore during the quarter ended December 31, 2016.
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NCC Ltd Q3 net profit up at Rs 58.27 crore
Hyderabad-based construction company NCC Limited has reported a 2 per cent increase in net profit at Rs 58.27 crore for the quarter ended December 2016 as compared to Rs 57.03 crore in the corresponding quarter of the previous year.