Urbanization
Even amidst stiff opposition from within the NCR Planning Board (NCRPB) and cautious notes from environment activists, the government went ahead to allow the construction beyond 0.5% and has given nod to tourism activities in nature conservation zones (NCZs). This was notably done only to accommodate the demand of Haryana government. It can be seen [...] Continue Reading »
As per “Real Estate 2020: Building the future”, a new report from PwC Mumbai, the rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years. It also said that with the growth of industry’s opportunities, the assets invested into the sector will also [...] Continue Reading »
New Delhi- In a recent declaration by the Union Cabinet, the much expected Land acquisition Bill, 2012 was cleared and will be presented in parliament for the upcoming Budget session. This has eventually created a furor among the real estate developers as they wanted private-to-private land acquisition be off the new land acquisition bill. The developers [...] Continue Reading »
The Indian realty and construction sector is facing a grave problem in the form of severe shortage of workforce. While increasing urbanization is generating unprecedented demand for real estate, there is a shortage of skilled as well as unskilled laborers to meet the demand. This massive requirement for realty space results in huge demand for [...] Continue Reading »
People from rural areas are migrating to cities as a result of urbanization and industrialization. The demand for housing is increasing rapidly along with the increase in rate of migration. Apartments and flats are stretched in every direction. But yet they are not sufficient as the population is increasing at a fast pace. An abundant [...] Continue Reading »
CII- JLL report, ‘Indian Realty -Through the Looking Glass‘, has revealed that India is witnessing urbanization at an astonishing speed. In the meantime, urban population is increasing adding pressure on the Indian cities. According to the report, the rate of change in India’s urban population is the highest among the BRIC nations (Brazil, Russia, India and [...] Continue Reading »
Those were the days when Vasant Kunj residents used to sight nilgai, deer, and wild hare easily in the 600-acre kikar forest. Now, with the rising urbanization and increase in population, one can only see traffic, mounds of construction rubble and garbage. The Rajokri forest, which used to be a forest reserve, now has become [...] Continue Reading »
Due to the high growing rate of urbanization, lots of agricultural lands are being converted to plots for the construction of apartments. The revenue department of the Tamilnadu state government served a notice to pay non agricultural assessment tax, as majority of the land has already been converted into housing sectors. Also, the government is [...] Continue Reading »
Urbanization is haunting Thane! To prove the same the Thane Municipal Corporation recently chopped down around 20 trees in the main city. All credits goes to road widening! Neither the road widening can be paused nor the chopping of trees such is the condition in Thane. Now, Thane Municipal Corporation (TMC) has been held responsible [...] Continue Reading »
The developable land in the main cities of India has almost been used! There is a shortage of land therefore the ministry of surface transport has plans of transforming major highways into residential hubs. The Road Transport and Highways department has proposed development of integrated townships in the Delhi-Jaipur expressway. This plan has been initiated [...] Continue Reading »
