Homebuyers have been short-changed by builders for many years, and delaying projects and changing building plans are still rampant.
The builder needs to keep cost of construction in check, which can be achieved by adopting technology to speed up construction.
The land acquisition bill that was passed last year but is yet to come into force proposes to double the compensation for acquisition of land in urban areas.
“The economy is on the revival path and we expect sales to further improve during the festive season. "
The government’s call for mandatory telecom infrastructure provisioning in new property ventures is partly aimed at complementing its ambitions.
Tax incentives for REITs cheer private equity funds like Embassy-Blackstone, DLF, RMZ Corp and others
Companies that have accumulated income-producing assets over the years such as Xander, DLF etc. are firming up plans to utilise the incentives
Jaitley has announced a slew of measures to revive the real estate sector, including allocation of Rs 7,060 cr for development of 100 smart cities, relaxation of norms for the entry of foreign capital and tax relief on home loans.
Jaitley reduced the size of real estate projects eligible for FDI from 50,000 sq metres to 20,000 sq metres and halved the minimum investment limit for FDI to $5 million.
Companies across sectors plan to lease about 40 million sq ft office space in top seven cities this year, creating around 350,000 jobs in the process.
The bungalow, built on a 1,250 square yard plot in Jor Bagh is owned by Siddharth Sareen, the brother-in-law of Emaar MGF promoter Shravan Gupta.
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