India is on the cusp of large-scale urbanisation over the next few decades, with more than 1 crore population being added to its urban areas. It is expected that by 2050, 60 per cent of the population will be living in cities, meaning that the demand for houses will shoot up in these areas.
Infrastructure status to affordable housing comes as a landmark announcement for the consumers and the real estate industry. A long-standing demand of the sector, the government has realised that housing and infrastructure can be two pillars to increase GDP and accelerate economic growth.
Rajya Sabha passing the Goods and Services Tax (GST) Bill has brought good news for the real estate sector. While one is yet to see if GST will be a game changer for the sector, CW has recorded different reactions from industry experts on the same.
After establishing its presence in Mumbai, Lonavala, Talegaon, Pune, Ahmedabad, Goa, Gurgaon, Chandigarh, Bengaluru, Chennai, Kolkata and Bhubaneswar, Tata Housing is now expanding its footprint across Tier-I and Tier-II cities.
The 8th Construction World Architect and Builder (CWAB) Awards 2013, held at ITC Grand Central in Mumbai on August 23, 2013, achieved. The glittering gathering included stalwarts from the building and construction industry and cognoscenti, including the eminent Dr RK Pachauri, Director-General, The Energy and Resources Institute (TERI), the chief guest at the event.
Growing urbanisation is pushing investors towards Tier II and Tier III cities to drive their growth story in a mutually beneficial way, writes GARIMA P. For 28 year-old Gurgaon-based IT professional Aniruddha Rai, Bhopal is more than his hometown. The small and quiet lanes he grew up in have transformed themselves into a hustling city.
Housing projects for retirement communities are just beginning to gain traction in India, where the multi-generational joint family structure endures despite rampant modernisation. The concept of housing for the elderly still carries a social stigma in the country, which accounts for less than 1 per cent of the $25 billion senior housing industry worldwide. But rising incomes, longer life expectancy and the rise of nuclear families as more people relocate for jobs are driving demand for retireme