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
Tag: Real estate
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Lack of civic infra hinders housing projects in SEZs
Real estate developers feel that one of the key impediments in setting up affordable houses in Special Economic Zones (SEZs) is lack of basic civic infrastructure. Developers also opined that the new industrial policy of the Maharashtra government earmarking 40 percent of land for SEZs might not see substantial land being used for housing purposes in Pune district. Maharashtra Industrial Development Corporation (MIDC) feels that majority of the notifi
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NHB expects further easing of home prices
RV Verma, Chairman and Managing Director of National Housing Bank (NHB) opined that the trend of easing prices of housing units may continue for some time. In the national capital region (NCR), he said, price correction has happened due to over supply. Some more correction may take place in the coming days
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Minister calls for revision of land use norms
Union Minister for Housing Ajay Maken stressed on the need to revise the floor surface index and land use norms in large cities, which do not have adequate open land for housing needs. He pointed that the centre cannot give any directive to the state governments in the matter of FSI and land use norms, but in the New Delhi master plan, whic
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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.
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Urbanisation policy on the anvil in West Bengal
Real estate industry in West Bengal is keenly awaiting the release of the proposed urbanisation policy in the state. The industry hopes that the upcoming urbanization policy would solve the problems surrounding land issues in West Bengal
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Govt finalises changes in STP policy
Maharashtra government finalised several changes to the existing policy for the Special Township Project (STP) scheme. The modified policy increases the contribution of the builder to low-cost housing to 20 per cent of the total built-up area from the current level of over 10 per cent. It may be recalled that over six years ago, the state gove
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Pune to have agency to rate eco-housing projects
The Pune Municipal Corporation (PMC) is to appoint one more agency to implement the eco-housing policy to promote environment-friendly measures in real estate. The agency will help the civic administration in rating the eco-housing projects in Pune.
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Sebi registers 12 more alternative investment funds
In the last two months, twelve companies received approval from the market regulator Securities and Exchange Board of India (Sebi) for setting up Alternative Investment Funds (AIFs). Since October 10, the market regulator registered 12 AIFs that include India Realty Fund, Dar Mentorcap Film
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PE firms offload stakes in realty projects
Reports suggest that private equity funds that invested in IndiaÂ’s real estate sector during its best years in 2006 and 2007 are offloading their stakes in the projects. These funds are now looking to exit and return money to investors as they had an investment horizon of around five years. The latest to join the trend is Indiareit Fund Advisors whic