Kerala introduces sweeping changes to building regulations, extending permits to 15 years, easing parking rules, and enabling self-permits for homes, fostering sustainable urban development and vertical habitats to accommodate growing populations.
Pune Municipal Corporation extends credit notes for developers to pay various taxes and fees, boosting public-private partnerships for road and bridge development.
The Reserve Bank of India (RBI) directs National Building Organization (NBO) to launch a housing start-up index by March 2009 to monitor the impact of fiscal and monetary policies on the real estate sector.