Track2Realty: India’s urban housing shortage is estimated at nearly 18.78mn households in 2012. By 2050, 900mn people will be added to Indian cities. The rapid pace of urbanization owing to the rural–urban migration is putting a strain on the urban infrastructure in these cities, indicates the KPMG – NAREDCO study on Real Estate and Construction industry, “Bridging the Urban Housing Shortage in India”.
Track2Realty-Agencies: To provide cheaper houses for lower income groups, the Ministry of Housing and Urban Poverty Alleviation (HUPA) is working for the inclusion of affordable housing in the infrastructure list.
Track2Realty: President of India Pranab Mukerjee on Friday, Dec 7, urged the private sector to come forward to meet the housing shortage in the country. He was inaugurating the two day convention on Sustainable Housing For Masses organised by National Real Estate Development Council (NAREDCO).
Track2Realty: Responding to Finance Minister P Chidambaram’s suggestion for reducing the price of housing stock, Confederation of Real Estate developers’ Associations of India (CREDAI) has asked its 8,000 plus members across the country to seriously consider the proposal to sell in maximum numbers.
Track2Realty Exclusive: The last few years have seen a complete transformation in the design of residential apartment complexes all over the country. It is virtually impossible for people to afford single storey or double storey bungalows. Land being very expensive, only a select few can have this luxury.
Track2Realty-Agencies: It was a promise delivered floor by floor. In just 48 hours, an entrepreneur has constructed a 10-floor building in Mohali, a suburban town in Punjab.
Track2Realty-Agencies: The Group of Ministers has completed the scrutiny of the Land Acquisition Bill and the government intends to introduce it in the Lok Sabha in the Winter Session, the Rajya Sabha was informed on Monday, Nov 26.
Track2Realty: The year 2012, which started on an unenthusiastic note due to the global as well domestic economic turmoil, is now showing initial signs of recovery. Amongst the larger world economies, the US economy recorded a GDP growth of 1.7% between April and June, slightly higher than earlier estimates of 1.5%.
Track2Realty: Ace boxer MC Mary Kom is all set to starts a boxing academy at a housing project on the Yamuna Expressway. The academy will be the first of its kind in North India and help nurture boxing talent.
Track2Realty-Agencies: Indiabulls Real Estate has opened its first overseas office in the UAE. Located in Dubai, the local representative office will cater to the rising interest and demands of the UAE-based NRIs in company’s projects across India and expand its regional reach, the company said in a statement.