Goa government proposes Regional Plan 2030
June 24, 2017

Goa government has recently proposed the Regional Plan (RP) 2030 after working on Regional Plan 2021 for about two decades. With this, the Common Minimum Programme (CMP) has been released by the state Chief Minister, Manohar Parikar. Themed as ‘Sabka Saath, Sabka Vikas – with Goemkarponn’, the CMP has been sub-categorised into ten different groups - agriculture/fisheries/animal husbandry, investment promotion board/employment, infrastructure, housing,  regional plan, education, schedule tribe welfare, social welfare, solid waste management, and… Read More

Punjab government to revamp Patiala with smart city features
June 22, 2017

Punjab government has expressed its intention of developing Patiala on the lines of smart cities in the coming years. The city is expected to get infrastructure upgrades that would put it at par with other cities selected for the Centre’s Smart Cities Mission. The recently approved Punjab budget for 2017 also mentioned similar plans of the government. Officials share that revamping of the Government Rajindra Hospital and Mohindra College of Patiala are the major projects… Read More

Kochi Metro inaugurated; earns Rs 28 lakh on first day
June 20, 2017

The much-awaited Kochi Metro has finally opened its doors for the public. Of the 25 km planned in the first phase of the metro, a 13 km stretch from Aluva to Palarivattom has been inaugurated by Prime Minister Narendra Modi. The metro service was a long standing demand of the citizens and the excitement towards the new project can be gauged by the fact that around 90,000 people rode the metro on the first day… Read More

Rajasthan to relax restrictions on residential construction near defence areas
June 18, 2017

In an attempt to offer relief to colonies near defence areas, the Rajasthan government has announced that it will relax the restrictions on residential construction near cantonment or defence establishments. The construction restraints will soon be reduced from 500 m near such areas to just 10 m. Currently, any construction within 500 m of any army camp or defence establishment is subject to a No Objection Certificate (NOC) from local military authorities. While this has been… Read More

Developers face challenges while registering on Rajasthan RERA website
June 14, 2017

With the Real Estate Regulatory Authority (RERA) website for Rajasthan being launched on June 1, it has become mandatory for all developers and brokers in the state to register themselves. The provisions of the Real Estate (Regulation and Development) Act prohibits developers from advertising, marketing, booking, and selling of any new project without registering them with RERA. However, developers have shared that they are facing issues while registering on the Rajasthan RERA website. Gopal Gupta,… Read More

Nashik to face hiked premium for additional FSI along roads wider than 9 m
June 14, 2017

The Nashik Municipal Corporation (NMC) has announced a hike in the premium on additional Floor Space Index (FSI) on lands located along roads wider than 9 m. This announcement was prompted by the meeting between Nashik developers and the commissioner to discuss the Development Control Rules 2017. Municipal commissioner Abhishek Krishna announced that premium on extra FSI on such lands will has been increased from the 35 percent charged earlier to 50 percent. The hiked premium… Read More

Nagpur to get 14,000 LIG homes
June 14, 2017

The Nagpur Improvement Trust (NIT) has announced that it would build more than 10,000 homes for the lower income families in the city. Over 4,000 such homes will be built in the second phase, bringing the total to 14,000 units. This announcement has spread a wave of cheer among the people belonging to Low Income Group (LIG) in the Nagpur. These LIG homes will be built under the Pradhan Mantri Gharkul Awas Yojana (PMGAY). Officials… Read More

Government considers new funding modes for Amaravati
June 8, 2017

In an attempt to finance the development of Amaravati, the new capital of Andhra Pradesh, the Capital Region Development Authority (CRDA) is working on a new plan. The Authority hopes to raise about Rs 14,250 crore in the next three years. The need to revise the financing plan for the project arose as CRDA has been able to acquire only Rs 14,200 crore out of the total amount of Rs 58,000 crore which needs to be… Read More

Infrastructure projects in Madhya Pradesh to face delays due to sandstone shortage
June 8, 2017

Several infrastructure projects in Madhya Pradesh are likely to face delays due to the paucity of crushed sandstone, a critical input for construction in lieu of sand. Developers in the state have also complained about the availability of inferior quality materials which will hinder the ongoing projects. Experts point out that post the ban on sand mining in the state, the construction sector is witnessing surging demand for crushed sandstone even while its supply remains… Read More

International construction companies bid for Nagpur-Mumbai Expressway
June 7, 2017

Four Chinese and two Russian firms have expressed interest in building Nagpur-Mumbai Super Communication Expressway. The Maharashtra State Road Development Corporation Ltd (MSRDC) has recently received 33 bids, including twelve from international construction companies, for the Rs 46,000-crore project. For building the 701-km road, the nodal agency released the Request for Qualification (RFQ) document on March 19, 2017. The last day for submissions from interested players is June 5, 2017. Some of the Indian infrastructure… Read More

Goa gears up to regulate construction activity near heritage monuments in the state
June 6, 2017

In a bid to regulate development activity and projects in conservation zones and near heritage monuments in the state, Goa government has decided to bring back the conservation committee. As per the provisions of Goa’s land development and building construction regulations (2010), the Town and Country Planning (TCP) department have reconstituted the conservation committee. The 13 member committee will be headed by the TCP minister while TCP Chief Town Planner, ST Puttaraju, will be the… Read More

Press Release

CREDAI Member Developers take Blue Green pledge on World Environment Day
June 5, 2017

CREDAI Member Developers take Blue Green pledge on World Environment Day5th June 2017 CREDAI Member Developers marked the World Environment Day by taking the Blue Green pledge, a sustainable environment initiative which is in line with the Swachh Bharat Abhiyaan. Under this initiative, CREDAI will circulate blue-green coloured bins to new homebuyers. The real estate body has also launched CREDAI Clean City Movement (CCCM), a decentralized waste management system which will be implemented in tier… Read More

Press Release

Emaar India celebrates 45th World Environment Day
June 5, 2017

Emaar India celebrates 45th World Environment Day5th June 2017 One of India’s leading real estate developer, Emaar India celebrated the 45th World Environment Day at several project sites in Gurgaon and Mohali. Focused on promoting use of eco-friendly measures at home, the event saw a host of activities including plantation drives, poster and banner-making competitions, awareness programs and flag marches. The company’s employees, residents, contractors and labour staff were among those who actively participated and made this… Read More

Himachal Pradesh passes GST Bill
June 4, 2017

Himachal Pradesh has finally passed the Himachal Pradesh Goods and Services Tax (GST) Bill, 2017. Chief minister Virbhadra Singh commented that GST will reduce the cost of goods and services in the state by removing the cascading effect of taxes. Further, the state government hopes to increase its revenue under GST, by widening the tax base and improving taxpayer compliance. The Himachal Pradesh GST Bill has exempted seven percent of items from any tax burden while… Read More

Rajasthan launches official RERA website
June 1, 2017

After rolling out state-level Real Estate (Regulation and Development) Act (RERA) rules on May 1, 2017, the Rajasthan government’s Urban Development and Housing (UDH) department has formally launched the state’s RERA website. The website was launched by Vasundhara Raje, Chief Minister, Rajasthan. RERA makes it mandatory for all the builders and property agents in the state to register themselves on the website. Until they are registered on the website, builders will not be able to… Read More

Unsafe structures in Bhopal to be demolished before monsoon
May 31, 2017

Unsafe and illegal constructions along Hoshanagabad Road, Arera Colony, and Motia Talab in Madhya Pradesh’s capital, Bhopal, would be demolished before the monsoon season. The civic body has announced that 163 locations in Bhopal have been identified as unsafe. Experts point out that several structures in Bhopal are unsafe and violate rules, particularly constructions along drains or water bodies that can cause ‘Uttarakhand-like disasters’. It should be noted that, Uttarakhand, in 2013, saw devastating floods… Read More

Homes may become expensive in Rajasthan as government hikes DLC rates
May 30, 2017

Rajasthan government has decided to hike the District Lease Committee (DLC) rates for residential properties in the state. The rate revision has occurred after two and a half years. In several areas, the rates have been increased by as much as 17 percent. The localities that will witness the highest hike include Jagdamba Nagar, Niwaru Road, Bindayika, Sirsi Road, etc. Meanwhile, DLC rates in areas such as Jagatpura, Adarsh Nagar, Bapu Nagar, Agra Road, and… Read More

Residential rentals surge in Vijayawada
May 30, 2017

Market reports have observed that average residential rental values in Vijayawada have risen rapidly in the last two years. It is hard to believe that until a few years ago, homes in Andhra Pradesh’s commercial capital could be rented out within Rs 30,000 with the current lease values averaging around Rs 50,000. Further, luxury properties are witnessing rental rates of Rs 1 lakh and higher. This inflation in rental values can be partly attributed to… Read More

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