Indian real estate anticipates Union Budget 2024 to address key reforms. Industry leaders seek reduced construction costs, industry status, and single-window clearance to boost growth and achieve the projected $1 trillion market size by 2030.
SDMC approves 180 building plans in 2 months after digitizing and simplifying the approval process, leading to increased rule compliance and reduced corruption.
The Indian Government plans to appoint real estate experts to revise housing policies and streamline project approvals in 15 states.
The housing ministry has suggested implementing a single-window clearance system to expedite project approvals. This move aims to reduce property prices by lowering builders' preservation costs.
Government panel recommends single-window clearance to expedite real estate projects, aiming to reduce delays and potentially stabilize property prices.
Developers express mixed views on the real estate regulatory bill, citing concerns about one-sided punishment and the need for a more balanced approach.
CREDAI urges Parliament for consumer-friendly real estate reforms, citing stalled projects and the need for "Home for All." They criticize the one-sided regulatory bill and suggest a single-window clearance system.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
Mumbai builders cancel their planned strike after negotiations with the Chief Minister regarding delayed project approvals and the establishment of a housing regulator.
Chennai Realtors Seek Enhanced Tax Exemption to Boost Real Estate Market