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Integrated townships find favour with developers

Integrated townships find favour with developers

Analysts from the real estate sector feel that developers are showing interest in integrated township projects in Pune, outside Mumbai and in the national capital region (NCR). In recent months, several township projects have been launched in these areas, analysts said. For example, Gaursons India bought 300 acre along the
Yamuna Expressway in Uttar Pradesh for Rs 1,500 crore from

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Govt finalises changes in STP policy

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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At a critical juncture

At a critical juncture

We must urgently address the gaps in the SEZ policy to encourage, incentivise and support the growth of the manufacturing sector, writes Ravindra Sannareddy. Special Economic Zones (SEZs) have been the most effective drivers of growth for developing Asian economies especially China over the last few decades. The key objectives of most SEZ programmes are to attract foreign investment, earn foreign exchange, boost industrial development, generate employment, and upgrade technology.