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
Tag: Real estate
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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
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Govt should review taxtion issues for better road infra
Sustaining interest of private players in India’s road sector is of paramount importance. For doing so if the government needs to make some small sacrifices in the immediate future, it is indeed worth as this will reap rich dividends in the future through overall development of the economy—and tax reforms will go a long way in this direction, proposes Hemant Kanoria.
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WBHIDCO to allot vacant land
As part of its second phase development of the proposed financial hub at New Town near Kolkata, the West Bengal Housing Infrastructure Development Corporation (WBHIDCO) plans to allot six vacant plots totalling around 2.5 acre of land. The plots would be allotted on a lease-hold basis (for 99 years) and the cor
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Analysis: Leveraging real estate for metro systems
City planners in India seem to be looking at metro rail as the panacea to poor and myopic planning and haphazard growth. Sudheendra Bajpai and Aparajita Dutt say integration of systems should include planning the city"s real estate around metro rail.
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Cabinet nod for Land Acquisition Bill
The Union cabinet has approved the Land AcqÂuisition Bill. In the redefined version, a rider has been added that urban projects should be meant for production of goods or services for public.
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Land Acquisition Bill: Step to speedier projects
Although not exactly tried and tested, a more definitive Land Acquisition Bill promises to place fewer roadblocks in the way of acquisition, facilitating speedier implementation of infrastructure projects.
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Promises Unmade
Our central bureaucracy has been highly optimistic in its forecast of growth from our SEZs. Even today, the Special Economic Zones look incredibly lucrative… on paper.