India Aims for Developed Real Estate Sector by 2047 for Sustainable Urbanization
China's Evergrande faces liquidation, impacting the global market, while India's real estate remains resilient due to government initiatives and RERA regulations.
The central government's Vande Bharat Express initiative continues to expand with the inauguration of nine new train services on September 20, 2023, increasing the total operational trains to 34. These semi-high-speed trains aim to enhance connectivity and convenience for travelers across the country.
The supply of commercial real estate in India's major Tier-1 cities increased by 7% in Q3 2023, reaching 14.61 million square feet. Hyderabad and Bengaluru led the growth.
West Bengal leads in land reform with 23% of total land distributed, registering over 15 lakh Bargadars and distributing homestead land to 5.6 lakh beneficiaries.
PMAY-U: Govt extends Pradhan Mantri Awas Yojana - Urban till Dec 2024, aiming for 'Housing for All' with eligibility criteria and subsidies for various income groups.
The GNIDA has launched a new scheme for the allocation of industrial plots, aiming to attract investment and multinational companies to Greater Noida.
Montek Singh Ahluwalia emphasizes the necessity of private sector involvement in infrastructure development and highlights government initiatives for speedy project clearances.
Noida officials are set to upload housing project details online to protect buyers and curb property scams, with wider transparency expected for developers and investors alike.
MMRDA plans to sell 2,500 low-cost flats in Thane and Vasai-Virar, contributing to affordable housing initiatives for economically weaker sections.
MHUPA India plans to include affordable housing in infrastructure list, revises income limits for weaker sections, urging unified efforts to address 18.78 million housing shortage.
Dharwad district introduces a new system to prevent delays in land conversion applications, streamlining the process and providing instant status updates.
The Naveen Patnaik Government’s failure to help companies secure land has delayed 14 mega industrial projects worth Rs 2 lakh crore.
PSU banks' attractive home loan rates spur demand in smaller towns, but the impact varies in IT hubs like Pune and Bhubaneswar.
Indian real estate firms target Middle Eastern diaspora for investment amid economic slowdown, with focus on infrastructure and key sectors in upcoming investment meets.
The government is set to introduce new norms for VC and PE funds, aiming for transparency and equitable distribution of investments across sectors, including real estate.
Bhiwadi is emerging as a key industrial hub in NCR, drawing significant investor interest and increasing property values due to its strategic location and government initiatives.