Dreamers only dream it takes a visionary to turn these dreams into reality. Take the case of T Chitty Babu, Chairman and CEO, Akshaya Homes, who has charted a meteoric career trajectory over the past 25 years in his bid to redefine the skyline of Chennai.
The struggle between the builder lobby and the government continues! And the final verdict is not too far. Representatives from both parties share their views on the Real Estate Regulatory Bill with Shriyal Sethumadhavan.
Tata Housing recently won the IGBC Award for outstanding contribution to IGBC's green building movement. The company is one of the major contributors in achieving the 1.51 bn sq ft of IGCB certified green footprint in the country.
"This year the budget gives a lot of hope to the real estate industry. The sector gets a boost with an allocation of 2.21 lk cr for the infrastructure for FY17 which will help unlock lot of land parcels. Although we are disappointed that infrastructure status has not been accorded to real estate, the above is a first step towards fulfilling the requirement.
As the city prepares to rebuild itself in the aftermath of the worst-ever rains in a decade that led to massive destruction of property, infrastructure and other assets, CW looks at the constraints and challenges ahead.
It´s a wave of change after 33 years for a country that has been grappling with a plethora of laws that are not uniform across its 29 states and seven union territories. The recent release of the Model Building Bye-Laws by the Ministry of Urban Development has brought in a much-needed ray of hope to the real-estate sector; now, states need to come on board