Builders urge new govt to bring policy reforms in realty sector

07 Jun 2024 CW Team

Builders urge the incoming government to enact policy reforms in the real estate sector and lower home loan interest rates. NAREDCO, the realtors' body, emphasises the need for tax incentives for homebuyers and developers to stimulate housing demand. Additionally, the association calls for simplification of project approval processes. According to G Hari Babu, National President, NAREDCO, adjustments to financial limits and incentives for builders are crucial for promoting affordable housing. He stresses the importance of addressing rising home loan EMIs and implementing sustainability incentives to achieve industry growth goals. Babu proposes setting lower interest rates for affordable housing loans for the initial years to alleviate the burden on middle-class families. Specific policy reforms, especially for affordable housing, are deemed essential for sectoral growth. The government is urged to introduce financial incentives and tax breaks for sustainable building practices and affordable housing projects. Easing regulatory constraints and approval processes would further bolster the sector's growth prospects. Anuj Puri, Chairman, Anarock highlights the importance of a stable government for investor confidence and emphasises the need for reforms to incentivise buyers and investors. Pradeep Aggarwal, Founder & Chairman, Signature Global (India), stresses the significance of the infrastructure and real estate sectors for national development and hopes for continued government support, including tax benefits and GST relief, to facilitate sectoral growth.

Infrastructure Transport

11 May 2026

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..

Ottobock and Celcius Set Up Prosthetics Warehouse in India

Celcius Logistics, a domestic third-party logistics (3PL) company specialising in end-to-end cold-chain solutions, has partnered with Ottobock India, the Indian arm of Germany-based Ottobock, to establish a dedicated prosthetics warehouse and logistics distribution hub in India. As part of the collaboration, a technology-enabled facility has been launched in Thane to streamline storage and nationwide movement of prosthetic and assistive devices.The dedicated warehouse is expected to strengthen the medical supply chain by reducing turnaround time and improving access to prosthetic products acro..