Naredco
If you have money to invest, chances are that you will be in a position to enjoy the RBI’s recent hike in remittances. Due to the stability in the foreign exchange market, the RBI has decided to relax the credit limit as per the liberalised remittance scheme (LRS) and has hiked remittances, and this will [...] Continue Reading »
The rating system would entail the real estate developers to disclose many things. They would have to reveal the exact source of funding for all their projects and also the completion rate of the project every year. Builders turn ferocious against such grading system. This act came into power in the beginning of this year, [...] Continue Reading »
Office space demand may well rise positively in real estate markets owing to the proposed industrial freight corridor linkage between Delhi and Mumbai owing to rising infrastructure. The entire procedure for allotment of land has been concluded with regard to the very first phase of the spanking new industrial freight corridor linking Mumbai and Delhi. [...] Continue Reading »
In New Delhi the Narendra Modi government, chief ministers, top realty honchos, urban planners, private equity firms, bureaucrats and bankers are meeting for a 2 day conclave. They want to come up with a solution to the most annoying of all problems- finding a decent home for all the Indian citizens. This has been a part [...] Continue Reading »
KPMG released a report at a real estate-banking conclave organized by the National Real Estate Development Council (NAREDCO) in Mumbai on Wednesday. It came up with some data which might work as an eye opener to the current government. A fifth of the urban and rural households have very limited access to housing facilities, potable [...] Continue Reading »
The chronic housing shortage in India requires reforms in the banking sector and investment policies. Then only Modi’s dream of Housing for all’ by 2022 will come true. Sunil Mantri the President of National Real Estate Development Council (NAREDCO) stated that currently the bank’s exposure to the realty sector is only 5 %. This is [...] Continue Reading »
The Finance Ministry is mulling an option of allowing the long-term funds from such funding institutions to help housing finance companies (HFCs) overcome the asset liability mis-matches. These funds can be channelized to the housing sector either by allowing them to lend to HFCs, or permitting them to invest in Residential Mortgage Backed Securities (RMBS) [...] Continue Reading »
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »
A new policy has been drafted by the Haryana Government planning to introduce farmhouse townships in Gurgaon. The new plan came up after the failure of the state’s another scheme to set up 52 Special Economic Zones (SEZs) in Gurgaon. This project is been approached by developers who have acres of land to set up [...] Continue Reading »
With the growing urbanization and the need for affordable housing in the country, Union Minister for Housing and Poverty Alleviation feels that the developers can manage the situation. The challenges of these two factors are growing in the metro cities of India, but he feels developers can handle the challenges. Approximately 50% of the population [...] Continue Reading »
