In a massive relief to homeowners and landlords against illegal occupancy of property, the government has said that it is formulating a new rental policy which is likely to check existing loopholes of the system. “Very soon you will see a rental policy out,” Union Minister Hardeep Singh Puri said […]
MHADA To Forge An Alliance With Builders For Affordable Housing
The Maharashtra government plans to invite private real estate developers to join hands with the Maharashtra Housing and Area Development Authority (MHADA) to build affordable houses. “MHADA will be happy to tie up with private developers. We will be equity partners and are willing to take risks,” said housing minister […]
Settle The Issues That Affect Indian Housing Sector
A recent cover story in TheEconomist focused on what it termed as the “horrible housing blunder”. It outlined how an obsession with home ownership in the West has driven up home prices, and undermined growth. It rightly placed the blame on supply side constraints, and on underlying political economy issues. Similar issues […]
FDI In Real Estate Jumps By 84.4 %
India’s real estate received $16.6 billion worth of foreign direct investment (FDI) in 2015-2019, a whopping 84.4% increase over the quantum of investments that flowed into the country in 2005-2014. Overall, since 2005, when restrictions on FDI in real estate were lifted, the sector has received more than $25 billion […]
ESR Advisers Opine That Realty Slow Down Assisting Warehousing COS Unlock Land Prices
The slowdown in the residential real estate segment is helping warehousing players to unlock large land parcels through joint venture and development agreements, said Abhijit Malkani, co-CEO at ESR Advisers India. ESR, one of Asia’s largest developers and operators of logistics and warehousing facilities, follows an asset-light model. It has […]