Region-wise analysis of the data shows that the highest number of units registered are in Thane Municipal Corporation and Thane District (59,516 units registered).
The Centre’s decision to extend interest subsidy for MIG beneficiaries by 15 months coupled with the announcement of a new public-private partnership policy in affordable housing will yield intended results if the implementation of PMAY goes well, say experts
Amending rules related to acquisition, utilising surplus land of sick PSUs for affordable housing and relaxing FSI are some of the suggestions made by the govt think-tank to push development across the country
By combining the strengths of private players with those of the public sector, the challenges of providing affordable housing can be overcome.
Sees 8% hike in office rents in second quarter of 2017 as against the city’s average of just 0.5% y-o-y
Tier-II cities are expected to account for 45% of the country’s total room additions in the branded category by 2021
The age of construction is one of the most crucial factors related to a building stability. With the time, building materials get deteriorated.
With the new Andhra Pradesh capital being developed with nine theme cities, Knowledge and Health regions are especially getting traction where university campuses and healthcare facilities have either been set up or are being constructed
Investments in Indian realty at $1,990 million first half of the current year; residential accounted for 54% ($1,075 million) of total investments
Urban local bodies can use value capture financing as an infra funding tool by tapping the appreciation in land value resulting from such projects
The committee has recommended that the housing and urban poverty alleviation ministry should strictly instruct states to either amend their rules or re-notify them in line with the letter and spirit of the Act.
The CBD has shown decline in rents in recent years in Mumbai and corporates have shown consistent preference for the SBDs, especially BKC
Total office stock in the country is expected to reach about 600 mn sq ft by end-2019, from 480 mn sq ft in the first quarter of 2017
Providing loans to 25,410 persons by March 2020 under the self-employment programme, ensuring 110 shelters under NULM are also among the suggestions made by the Aayog to the state govt
To reach over 1 mn sq ft of leased alternative work spaces by the end of this year; $400-million investments expected by 2018 in the segment.
Chief executive officer of the Noida Authority, Amit Mohan Prasad, said that the city would soon have a processing plan for construction waste.
Local authority scouting for a location to set up the hub that would also cater to the demands of adjoining states.
AMIT MOHAN PRASAD, senior bureaucrat and chief executive officer of the Noida Authority, told Indian Express that the Authority has roped in banks, consultants and has also facilitated project settlement policy to help break the logjam and address the concerns of homebuyers.
Major markets, except Bengaluru, are seeing low supply of grade-A stock; lack of precinct-level infra is also keeping occupiers away from central business districts
The genesis of the Niti Aayog studying the possibility of allowing private cars to operate as carpools comes from the rising problem of traffic and congestion in urban centres of the country. In the national capital alone, Delhi Police has identified 55 areas prone to congestion or traffic jam.
While the shortage of liquidity after demonetisation has driven out the investor-led demand, decline in interest rates are encouraging end users to buy a house, say experts
A REIT is an investment tool that owns and operates real estate assets and even allows individual investors to invest in and earn income through partial/equity-level ownership of commercial real estate without actually having to buy those assets.
GST rollout: “As a urban development and housing minister, I am the happiest man that with the GST, prices of houses will definitely come down. If anybody is opposing the GST, it is habitual tax evaders. Larger builders community is happy, except fly-by-night operators", Venkaiah Naidu said.
"While RERA will bring in a lot of changes, I would like to see some improvement in the frequent regulatory changes. Even the approval procedure needs to be simpler, transparent and faster. That is one area I hope will improve with a proactive and forward looking government."
Finland’s citizen-centric Kalasatama project, which gives start-ups a platform for innovation, aims to free up one hour for its residents everyday by offering smart mobility and daily-use apps
Niti Aayog, in the draft of its 3-year action plan, has suggested steps such as creating adequate living and office space, preventing slum creation, building new cities for increased urbanisation and improved quality of urban life
The job of a real estate broker in the `18,000-crore broking industry needs more recognition and definition along with licensing and certification
Such firms’ AUMs have risen 50% to `23,000 cr as on March 31, 2017, against `15,000 crore a year ago
Nagpur’s pioneering scheme was ready for learning curve problems, but diminishing financial and political aid has pushed it into uncharted territory
If the current job market scene continues for long, it may have a negative impact on residential demand, especially in the mid-premium segment
The unlocking of this huge parcel of land, estimated to be around 55,000-57,000 hectares can potentially lead to development of around 9 million housing units
The Centre’s role as a ‘facilitator’ or ‘enabler’ that will merely extend fiscal and non-fiscal concessions for rental housing created by the state, provision for no central funding are some of the limitations of the draft policy
The GST regime will reduce the cash component of the construction economy, because, to avail of ITC, the raw materials have to be sourced from GST-registered vendors.
The policy estimated to unlock 20,000-25,000 hectares across Delhi, primarily in the urban villages and smaller towns at the city’s peripheries
With the GST likely to come into effect in a few months from now, its impact on the various segments of the real estate sector is still not clear
Amid concerns about flooding, the urban development ministry has listed out standard operating procedures for concerned departments at various stages of preparedness — early warning, response and relief restoration rehabilitation
Vogue Women of the Year Awards 2017: Aishwarya Rai Bachchan, Sonam Kapoor, Anushka Sharma, Kriti Sanon sizzle at the red carpet