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
After about 10-15 per cent price correction on account of demonetisation, things might turn positive once RERA gets implemented & interest rates fall further.
The Niti Aayog has pointed out that the design and maintenance of city roads being a major challenge across Indian cities.
The new tax regime is expected to usher in an era of improvement in warehousing infrastructure; the country may also witness the emergence of new feeder/warehousing spoke locations
1.53 lakh units in 1,879 projects across 8 cities are delayed by 3 years; RERA and cases against developers expected to ensure project handover in time
The firm has consistently followed ownership model or having them on 30-year long-term leases. As real estate leasing usually eats up 4-6% of revenues, the ownership model has kept costs low
Liquor sales contribute up to 15% to the hotels’ overall revenue; but the impact is expected to be higher, as the restriction will also impact revenue from the meetings, incentives, conferences and exhibitions segment and the room demand segment
The jump in transaction activity was driven by IT/ITeS companies which garnered about 37% of overall space leased during the period, says report
There’re now fresh concerns over potential drop in occupancy and daily rates that could derail growth.
Out of 34 mn students in higher education in India, 26.6 mn migrate to cities such as Pune, Bengaluru and Chennai, creating demand for accommodation
Over the last 2-3 years, as the real estate market weakened and traditional realty developers lost ability to complete their projects, large corporate house-promoted players have captured both the market and homebuyers’ imagination
The programme, being promoted in the Parkmerced neighbourhood, incentivises persons with $100 as monthly transportation credit per apartment to use with Uber and Clipper
Experts who predict that luxury housing in India is finished ignore that such housing caters to a specific segment of demand which has not gone away
Working women need to know they can live, work and yes — entertain, peacefully and safely.
The scheme marks a conscious policy shift away from allowing proliferation of private cars to promoting use of greener modes of public transport.
Kareena Kapoor Khan, Shraddha Kapoor, Esha Gupta: Fashion hits and misses of the week (July 16 – July 22)