Anuj Puri As India embarks on another year of independence, the country’s real estate sector has a lot to be grateful for, a lot to hope for – and still a lot to worry about. Amidst the dual challenges of liquidity crisis and stuck projects that hang like persistent thunderclouds over the sector, we nevertheless
Budget 2019 has come as a mixed bag for the real estate sector at a time when the industry is showing signs of revival. The government introduced schemes such as ‘Bharatmala’, ‘Sagarmala’ and UDAN have helped in improving the country’s infrastructure. Additionally, the availability of land belonging to CPSEs and central ministries to public infrastructure
The allocation of Rs 100 lakh crores, in the Union Budget 2019-20, for infrastructure development in the next five years is a move in the positive direction. Increased allocation for the development of railways, ports, roads, aviation and intra-city networks such as metro rail, will strengthen the overall infrastructure fabric of the country. In particular,
Ramesh Nair-CEO & Country Head, JLL India feels that the union budget 2019-20 was focused on affordable housing, liquidity and infrastructure Enhanced focus on affordable housing to achieve ‘Housing for All’ Mission Union Budget 2019 has been presented on expected lines. With a sustained focus on affordable housing, the government has emphasised on increasing the
Anuj Puri, chairman – ANAROCK Property Consultants In the 71 years since India gained independence, the country’s real estate market has changed tremendously. While it has not always been consumer-favouring throughout this period, it is certainly so today. The country’s cities have expanded, new economic drivers have come in and jobs are being created at
Sachin Bhandari, CEO, VTP Realty With real estate being a major focus owing to the infrastructure development and housing for all initiatives by the Government, the Union Budget 2018 announced today did have some interesting inclusions. In fact, prior to the Union Budget being broadcasted, the Government had declared reduction of GST to 8% for
The objective of Housing for All by 2022 seemed a little fabulous; but we are actually seeing some serious action on the ground due to the government’s policy directive Ashwinder Raj Singh Affordable housing schemes for the middle and lower income groups are finally on a serious growth curve in 2017, with huge demand in
AMSO’s participation in MumbaiWood is aimed at increasing awareness of American softwoods in India American Softwoods (AMSO), the promotional partnership formed by three major US softwood trade associations, has announced its participation at the third edition of MumbaiWood, which is due to run from October 12-14 at the Bombay Convention and Exhibition Center in Mumbai.
CREDAI reiterates its pledge for supporting the Government of India achieve “Housing for All” mission The apex real estate industry body CREDAI has reiterated its pledge for realising the Prime Minister’s dream of ‘Housing for All’, and has committed an investment of over Rs 70,000 crore in 375-plus new affordable housing projects. These projects would
Showing solidarity for the government’s mission of ‘Housing for All’, CREDAI has announced the launch of 250 affordable housing projects across India. The projects, to be executed by CREDAI members, will be under the purview of the various CREDAI state or city chapters according to guidelines laid down by CREDAI national chapter. Through this initiative,
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