Realty News
The Noida authority on Monday said that it had decided to offer Rs 4,000 per sqm to farmers to purchases their land for urbanisation. At present, the authority offers Rs 1,460 for per sqm land. It will approve a proposal regarding the new land rate in its board meeting on Tuesday. The authority has decided [...] Continue Reading »
The Vasundhara Raje-led Rajasthan government is firming up plans for a new land acquisition Act that seeks to facilitate speedier acquisition of land for industries and execute the projects fast. The Rajasthan government brought some radical changes in the labour laws recently. They scrapped some key measures like those requiring consent of landowners that form [...] Continue Reading »
The government on Thursday said that the poor performance of the highways sector in the last two years is due to the factors relating to tolling issues, lack of equity with the developers and delays in the land acquisition process. Road transport and highways minister Nitin Gadkari told the Lok Sabha that the government has [...] Continue Reading »
Reining in inflation seems to be on top of the agenda in view of the RBI’s monetary policy announcement earlier this week. RBI decided to keep the key policy rate unchanged but slashed statutory liquidity ratio (SLR) by 0.5 % to unlock about Rs 40,000 crore into the system. Real estate developers and property consultants [...] Continue Reading »
The new government’s intent to develop 100 “Smart Cities” has created quite a buzz in the realty sector. The government allocated Rs 7,060 crore for these in the Budget last month. The use of information and communications technologies (ICTs) in most of the smart cities will have to adhere to green building norms and reduce [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (Credai) has decided to work towards the theme ‘Home For All by 2022’. The meeting of the body that was held during August 6-8 laid special thrust on the mission of pucca housing for all by 2022. C Shekar Reddy, National President, Credai, in a statement [...] Continue Reading »
The new norms that have been announced for setting up of real estate and infrastructure investment trusts will help attract more foreign investors to these key sectors and facilitate inflows worth $15-20 billion from domestic and overseas sources, according to industry experts and officials. The capital market watchdog Sebi during its board meeting today approved [...] Continue Reading »
Infrastructure Investment Trusts (InvITs) can invest in a project either directly or through special-purpose vehicles, the Securities and Exchange Board of India (Sebi) said on Sunday. However, in most of the cases of public-private partnership projects, such investments are only allowed through SPVs. The different sponsors of an InvIT need to collectively hold at least [...] Continue Reading »
Post its resistance to the Insurance Bill, the Indian National Congress has now been making plans to rope in other Opposition parties against the Modi government’s plans in order to amend the land acquisition law. Sources said that the Congress which was successful in delaying the passage of the Insurance Bill with the help of [...] Continue Reading »
While the fine print yet to be figured out, estimates of around $10 billion or more of foreign funds could flow into Real Estate Investment Trusts (REITs) over the next few years appear somewhat far-fetched at this juncture. In order to be sure, there could be a thriving market in REITs one day but given [...] Continue Reading »
