No alibi of delays after Model Building By-laws
Bottom Line: The New Model Building By-laws (MBBL) promises to…
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Upper House approves long awaited RERA Bill
Far reaching implications anticipated for the real estate and construction…
Mixed reactions on Union Budget 2016-17
Industry players’ have given mixed reaction on the Union Budget…
Transit-oriented development to put Gurgaon on global map
Global success cases of transit-oriented development include Malaysia, Hong Kong,…
Resilient Chennai rising to chart a new growth trajectory: JLL
JLL report finds Chennai market rising to new high. Chennai’s…
Real Estate Regulatory Bill: close to the finish line
New recommendations on the Real Estate Regulatory Bill were made by the ministry and sent to PMO for approval, and the cabinet has now approved it. Next, it will be tabled in the Parliament for passing the bill and making it an Act. In essence, reduction of minimum balance to be maintained in the escrow account of a project has been reduced from 70% to 50%. This amount from the monies collected from the buyers must be placed in an escrow account within 15 days.
Getting intuitive about smart cities in India
Track2Realty: Smart Cities: The New Age Concept: The smart cities concept may not be a novel one, but in the Indian context it is definitely an idea whose relevance couldn’t have been better timed. The government has provided the thrust towards development of such cities, and needs to be now backed by a holistic concept.
Reviving economy expected to instill consumer confidence
Track2Realty Exclusive:Following nearly two years of sub-5% growth due to currency volatility, high inflation and fiscal deficits, poor investment and market sentiment scenario, India’s economy bounced back with a growth rate of 5.7% during the April–June period of FY 2014–15, up from 4.6% in the preceding quarter. With business prospects improving across key sectors, the economy is expected to display further improvements in the next quarter.
Green light for sustainable development in India?
Track2Realty: The real estate sector in India is one of the largest drivers of the country’s economic growth. Real estate in India provides large-scale employment and contributes massively to the country’s GDP. While real estate is vigorously driving growth, it is also true that it is adversely impacting the environment.
Noida defies conventional growth pattern of a city
Track2Realty Exclusive: Cities come into existence either by design or by default and the first movers (either the local urban bodies or the private developers) give it a definite outlook & shape in terms of urban planning and overall outlook of the given city. This has been the pattern of urbanisation and rise and growth of the cities across the world with Indian being no exception.