We look forward to the implementation of the Real Estate Regulatory Authority Bill (RERA) which will bring in more transparency and professionalism into the sector. It is a positive move for developers with an established corporate governance practice. RERA coupled with GST and demonetisation will create a strong framework within which this industry will function.
Category: ECONOMY & POLICY
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Cabinet approves a new scheme for promotion of rural housing
The Union Cabinet has approved a new scheme for promotion of rural housing in the country. The Centre will provide interest subsidy under the scheme.
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Haryana formulates infra transport scheme
Haryana has formulated an Industrial Infrastructure Development Scheme aimed at promoting uniform regional and sustainable growth across the state, including in backward areas.
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Centre calls for affordable housing targets
The Ministry of Housing & Urban Poverty Alleviation has asked all states and Union Territories to submit proposals for construction of affordable houses for the urban poor at the earliest so that the ´Housing for All´ target in urban areas could be met by 2022 as envisaged.
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Telecom subscribers in India up 1.91percent in Nov 2016
The number of telephone subscribers in India increased from 1,102.94 million at the end of October 16 to 1,123.96 million at the end of November 16, showing a monthly growth rate of 1.91 percent.
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Telecom panel seeks clarity from TRAI
The Telecom Commission has directed the Department of Telecom to seek clarity from the Telecom Regulatory Authority of India (TRAI) on whether the regulator can impose penalty on the operators for violation for interconnect norms
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PMAY approvals cross 15 lakh with investment of Rs 82,708 cr
The Ministry of Housing & Urban Poverty Alleviation has asked all states and Union Territories to submit proposals for construction of affordable houses for the urban poor at the earliest so that the ‘Housing for All’ target in urban areas could be met by 2022 as envisaged.
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Signature Global to invest Rs 500 crore to build affordable homes
Realty firm Signature Global, which is into development of affordable homes, will invest Rs 500 crore to develop two housing projects in Gurgaon as the company expects better demand after the government announced an interest subsidy under the Pradhan Mantri Awaas Yojna.
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Haryana govt formulates industrial infra development scheme
The Haryana government has formulated an Industrial Infrastructure Development Scheme aimed at promoting uniform regional and sustainable growth across the state, including in backward areas.
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Setu revamp in 42 months, Centre tells Patna HC
The Centre has informed the Patna High Court that the dilapidated Mahatma Gandhi Setu will be totally revamped within 42 months and a new four-lane bridge, parallel to it, will be put in place in due time.