Industry Specific News

14

December 18

Rise in housing sales expected: Anarock

Due to increased and better demand for the affordable housing, housing sales may rise by 16% in 2018 at 2.45 lakh units in seven major cities, reported property consultant, Anarock.

22

November 18

Much delayed Dwarka expressway project gets a nudge from the PMO.

For a significant period, the Dwarka Expressway Project has been facing obstacles in its course of completion from time to time. On 21st November 2018, the PMO stepped its way forward to clear the impediment in the way of the continuously postponed Dwarka expressway with NHAI, Delhi Development Authority and the Forest ministry demanding prompt action over the project in the next two months.

23

November 18

Constructed Fourth Floor now be Accounted as a Registered, Independent Residential Unit

One of many other debatable issues of real estate rules in Gurugram, the most talked being the registration of the fourth floor, has now been resolved to a conclusion.

31

October 18

The Construction of 2.15 Lakh houses under PMAY has been approved by the centre.

On Tuesday under the Pradhan Mantri Awas Yojna (Urban) the Housing and Urban Affairs Ministry has approved the construction of 2.15 lakh affordable houses for the poor in six states.

27

October 18

Haryana has planned five cities of 5,000 hectares each alongside KMP-KGP Expressways.

The Haryana government has planned to develop five new cities of 5,000 hectares each alongside two major expressways which are Kundli – Manesar- Palwal (KMP) and (KGP) Kundli – Ghaziabad – Palwal to boost the industrial, commercial and housing activities in areas bordering the national capital. On Friday, chief minister Manohar Lal Khattar addressed a real estate conference(organised by realtors body NAREDCO) and said that the state government will also reopen the licensing process for group housing projects under the affordable segment. The chief minister also said that “we have prepared a draft plan to develop five big cities alongside KMP and KGP expressways which covers 185Km. It’s in pipeline and will be considered.”