Salt pans development in Mumbai sparks debate
News Point: There are very many arguments for and against…
News Point: There are very many arguments for and against…
Real estate prices in the national capital are set to soar with the Centre on Monday night deciding to give the green signal for regularization of 917 unathorized colonies. A notification to this effect will be issued on Tuesday, Aug 28.
Considering the amount of negative press they get, it is not immediately apparent that there are also less negative ways of looking at them. For instance, slums represent an extremely high-density model of residential settlement. In this respect, they make the most efficient use of limited land possible.
The new regulatory regime is largely about steps, which include streamlining approval processes, simplifying taxation (GST), building institutional capacity, as also introducing urban planning and real estate-related reforms (RERA and REITs).
Track2Realty Roundtable-III Venue—India Habitat Centre Moderator—Ravi Sinha, CEO & Managing…
For a very long time, Pune was considered little more than a pensioner’s destination which benefited to some extent from its proximity to Mumbai. It was not considered a serious real estate market at a national or international level. This has now changed for good – the city has attained its own unique identity and is firmly in the limelight as a thriving economic microcosm, with a real estate market that has overtaken Mumbai in terms of attractiveness and investment viability.
A National Green Tribunal (NGT) order in 2013 and yet another recent one have collectively had a greater negative impact on home buyers in the National Capital Region (NCR) than on the developer community. While home buyers were caught unawares and continue to remain jittery with the resultant delay in possessing their dream homes, these two NGT orders reveal the apathy authorities and developers have towards buyers.
Track2Realty: Raising an alarm against rampant unauthorized construction in Raigad district, developers’ body MCHI-CREDAI’s unit has appealed to the authorities to take immediate action against errant people and save gullible home buyers from falling into a trap.
The Centre has responded positively to the Delhi Government’s appeal to regularise more than 1600 of the city’s unauthorised colonies. However, the truth is that even after this notification, the ground reality in that these colonies are unlikely to change for now.
Strongly opposing the Resettlement & Rehabilitation (R&R) burden on private builders, Pankaj Bajaj, President, CREDAI NCR has said that this will hurt the realty sector and urban development.