The implementation of the Real Estate Regulation Act (RERA) in the country has picked up pace, with 90 per cent of the state and Union Territories notifying the rules, according to a JLL analysis of the data provided by the Ministry of Housing and Urban Affairs, Government of India. O
The attempt to catalyse the economic growth through core sectors like infrastructure and defence was evident in the FM's speech. Within the infrastructure sector, the focus continues to be on pushing capital expenditure in the transportation sector with major impetus of railways.
In order to help the urban planners to carry forward the Smart Cities initiative, the Smart Cities Council India will launch Smart City Readiness Guide for India with 100 case studies in September 2015, it would be a vendor neutral framework for smart cities.
Bihar Deputy Chief Minister Sushil Kumar Modi said on February 3 that a 'Road Maintenance Policy will be ready for construction of new roads and upkeep of existing ones in Bihar. The NDA government in Bihar has been giving top priority to construction of roads and has declared 4,857 km as state highways. Work is in progress on a 387 km stretch, he added.
Overall, it’s seems a sensible budget for real estate focused on core areas like Housing, REITs and approval process. Amidst much expectations and debates over how the NDA government at the centre will bring the ‘acche din’ to the recession-affected real estate sector the finance minister Arun Jaitley has brought few good announcement for real estate sector such as 6 crore housing units for rural and urban housing by 2022, rationalization of capital gain tax regime for REITs, Infrastructure init