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Govt to mop up Rs 60k crore by leasing roads to private companies
Source: The Financial Express May 23, 2016
The government has drawn up a plan to raise up to Rs 60,000 crore, over the next six months, by offering as many as 104 existing tollable projects in the state sector on lease to private players including global funds with patient capital. This is one of the innovative routes it is exploring to mobilise additional resources to fund the construction of highways. The construction target for the current year has been set at 15,000-km more than two and a half times achieved last year. ... more
Kolkata real estate market: The quarter review
Source: The Times of India Apr 29, 2016
A latest survey conducted by an advocacy found out that the city of joy is among the top six Indian cities that are best-run when judged on parameters such as powers for raising resources, investment and expenditure. After dropping out of the first list to to-be Smart Cities list, development authorizes are gearing up for future. ... more
Emerging areas you may focus on this Gudi Padwa
Source: The Times of India Apr 05, 2016
Gudi Padwa marks the start of a new year for Maharashtrians wherein they believe that investing in gold or property could bring them a good fortune. ... more
CREDAI shares recommendations on ‘Housing for All'
Source: The Times of India Mar 09, 2016
At the onset of the pro-housing Union Budget announced recently, CREDAI members today met Shri. M. Venkaiah Naidu Hon’ble Minister of Urban Development, to thank him for his stewardship of real estate sector which has made possible for CREDAI to contribute to the national goal of 'Housing for All by 2022'. CREDAI delegation led by Mr. Getamber Anand, Mr. Jaxay Shah, Mr. Boman Irani and Mr. Shekhar Patel today called upon Shri. M. Venkaiah Naidu, Hon’ble Minister for Urban Development and Housing and Urban Poverty Alleviation, Govt. of India. ... more
CREDAI shares recommendations on ‘Housing for All'
Source: The Times of India Mar 09, 2016
At the onset of the pro-housing Union Budget announced recently, CREDAI members today met Shri. M. Venkaiah Naidu Hon’ble Minister of Urban Development, to thank him for his stewardship of real estate sector which has made possible for CREDAI to contribute to the national goal of 'Housing for All by 2022'. CREDAI delegation led by Mr. Getamber Anand, Mr. Jaxay Shah, Mr. Boman Irani and Mr. Shekhar Patel today called upon Shri. M. Venkaiah Naidu, Hon’ble Minister for Urban Development and Housing and Urban Poverty Alleviation, Govt. of India. ... more
'Gender equality should translate into reality'
Source: The Times of India Mar 09, 2016
"A woman with a voice is by definition a strong woman. But the search to find that voice can be remarkably difficult." - Melinda Gates . ... more
An affordable budget for the RE sector
Source: The Times of India Mar 09, 2016
The Union Budget 2016-17 has been a healthy mix of hit and misses for the real estate sector. ... more
Decoding the real estate terms used during Budget
Source: The Times of India Mar 03, 2016
You must have heard these real estate terms over the years without having clarity on what they actually mean. ... more
Budget 2016: A healthy India is successful India
Source: The Financial Express Feb 26, 2016
By 2050, India is expected to become the world’s third-biggest economy, predicts the Economist Intelligence Unit. But that’s only possible if healthcare is given its due importance, recognition and an ecosystem to flourish. The loss in productive years is enormous in India today, and we need to address this by bringing necessary reforms on board at the earliest. ... more
Govt to develop 300 rural clusters with economic activities
Source: The Economic Times Feb 26, 2016
As many as 300 rural clusters in the country will be developed by provisioning of economic activities and providing infrastructure, Lok Sabha was informed today. The government proposes to develop rural clusters in the country under Shyama Prasad Mukherji Rurban Mission (SPMRM) which aims to develop 300 clusters in all states and union territories, of which 100 clusters will be taken up in the first phase, Rural Development Minister Birender Singh said. ... more
Realty is revving up
Source: The Times of India Jan 14, 2016
The New Year hopefully marks a new era in the real estate industry "We are a country with housing shortage. As long as pricing does not increase dramatically, people will buy houses. The fall in interest rates and the increase in yearly salaries will prompt people to buy houses, and catch up with the housing prices. But still the average salary increase would be at 8-10 percent, we should keep that in mind" says Pankaj Kapoor, MD, Liases Foras. The stress on quality construction and ethical practices is across the industry. ... more
India may be third largest economy after 2030
Source: The Times of India Jan 12, 2016
India could become the world's third largest economy after 2030 and its ascension could see France and Italy kicked out of the exclusive G8 group or its membership increased to 10 to accommodate India and Brazil, according to a new study. ... more
Now get e-sanction of building plans in Kolkata in 45 days
Source: The Times of India Aug 25, 2015
The long awaited initiative to sanction building plans online has now become a reality in Kolkata with Mayor Sovan Chatterjee launching the initiative on 19th August.Online sanctioning of plans is expected to reduce the time taken to sanction a building's plan. With this initiative the existing time to acquire approval for building plan would be reduced from the existing limit of 3 months to 45 days. Three applicants have already received online sanctions for buildings in Swinhoe Lane and Canal Road (south) on 19th August. ... more
Government plans two immersed tunnels through sea, river in Andaman & West Bengal
Source: The Economic Times Apr 14, 2015
India may get the first two immersed tunnels through sea and river in the next few years. The shipping ministry has envisaged these projects — one between Kakdwip and Sagar island in West Bengal and the other connecting Chatham and Bamboo Flat in Andaman Nicobar islands. ... more
Industry welcomes Real Estate Regulatory Bill
Source: The Times Of India Apr 09, 2015
Manoj Gaur, MD Gaursons India Ltd. & President CREDAI Western UP: We welcome the nod on the Real Estate bill from the cabinet as it will send out the positive signs. This bill will help in keeping a check on the developers who are indulge in the malpractices which is effecting the image of the sector among the buyers and investors as well. It would have been much appreciated if the Real Estate Regulatory Authority was granted limited controlling authority. However, we will propose our inputs to the government which can be added in the bill to make it more effective from the buyers and developers point of view? ... more
Now, no stamp duty on transfer of flat, land to heirs
Source: The Times Of India Mar 28, 2015
Immovable property - land, house or flat - can now be transferred to one's children or blood relatives without paying stamp duty for registration. This will come as a major relief as families won't have to pay a 5% of the ready reckoner rate of the property as stamp duty. Making the announcement, revenue minister Eknath Khadse said an affidavit on a Rs 100 stamp paper would suffice. He later changed it to Rs 500 as the government no longer deals in Rs 100 stamp paper for property matters. ... more
Union Budget 2015: A roof for all in India by 2022 with 24-hour power and clean water
Source: The Economic Times Mar 02, 2015
"A roof for each family in India by 2022" was the call given by the finance minister who announced a grand plan to build two crore houses in urban and four crore in rural areas by 2022. It would be led by the states and guided by the Centre. Arun Jaitley wanted each house to have 24-hour power supply, clean drinking water, a toilet, and be connected to a road. ... more
Transit-oriented realty gets the nod from DDA
Source: The Economic Times Feb 17, 2015
One of its most ambitious plans for vertical growth, transit-oriented development was approved by Delhi Development Authority on Monday . The policy incentivizes people living around Delhi Metro corridors for clubbing their lands and creating mixed-use, high-rise development pockets. Lakhs of Delhi's residents are expected to benefit and property rates along the Metro, already going at a premium, are expected to shoot. ... more
MoEF eases green norms for big bldgs
Source: The Times of India Jan 17, 2015
In a major simplification of rules, the building construction industry will no longer need to make trips to Delhi for environmental clearances (EC). This means a huge saving in terms of time, money and human resources spent on following up clearances for projects in Delhi. ... more
RBI signals turn in rate cycle with repo cut, hint of more
Source: The Hindu Business Line Jan 16, 2015
The Reserve Bank of India (RBI) on Thursday sprang a surprise, trimming the repo rate by 25 basis points, signalling a turn in the rate cycle. However, not all banks were sure they would be cutting lending rates soon given how a lower yield could hurt margins at a time when cheaper credit was not expected to stimulate demand in the near future. ... more
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