Uttar Pradesh government’s plan to set up mega Film City in Greater Noida, has started rolling with CBRE selected to prepare the DPR. This has cleared the decks for the entertainment city, set to be completed by 2023 Leading global real estate consultancy, CBRE has been shortlisted as a consultant among 4 companies whose technical…
Author: Signature Global
Sohna, South of Gurgaon emerges as top NCR market for realty investment
Sohna and Sohna Road in South of Gurgaon have notched up an impressive performance as as a numero uno micro real estate markets in the NCR. In the recent years Sohna has emerged as a preferred micro market for both end users and investors. Enjoying excellent connectivity and having good infrastructure development, Sohna is a…
Likely extension to PMAY to boost affordable housing
The expected extension to Pradhan Mantri Awas Yojana (PMAY) in the upcoming budget will further strengthen the pick-up in affordable housing. Together with Credit Linked Subsidy Scheme (CLSS) under PMAY, low interest rates of sub 7% has been responsible for driving housing sales despite Covid onslaught. Keeping this in mind, the Housing Ministry is keen…
Connected Communities: Mix of Transport and Affordable Housing
Gurugram real estate has entered into new dimensions in the last decade. With the booming business and technology environment and different culture, many millennials are moving towards this city. The competitively-priced residential projects, strategic location and strong connectivity network are the primary reasons behind the increasing popularity for affordable housing in Gurgaon. Connected communities are places…
Healthy pick up and projections of economy and employment hold good for realty
The more than expected pick up in economy and subsequent improvement in job scenario, bodes well for the real estate sector . There was unexpected pace of improvement in the economy in the September quarter of the current financial year. As such, the RBI revised its growth forecast of economy for current financial year…
Despite Corona crisis, real estate to get FDI boost
Despite Corona pandemic crippling economy, there are promising projections of foreign fund flows, giving the much required boost to the fledgling real estate sector. The overall FDI flows have been quite encouraging in the current year which saw the Corona crisis seriously damaging the economy. The mauled economy pulled down FDI flows to the country…
New policy for women’s hostels to boost realty in Gurgaon
The new policy drafted by the DTCP to set up women’s hostels in Haryana, will help boost realty, especially in NCR cities like Gurgaon. As per this proposed policy, the Department of Town & Country Planning (DTCP) will invite private builders to develop hostels for women. The policy has been drafted to meet the housing…
Despite RBI keeping lending rates unchanged, residential realty to keep its momentum
Despite the RBI maintaining status quo on repo rates in its latest credit policy, the pic up in housing will not lose its momentum. In its latest credit policy announced on December 4, the Reserve Bank of India has kept the repo rate unchanged at 4%. The apex bank has also maintained status quo for…
Crackdown on illegal colonies in Gurgaon to boost affordable housing
The latest move by the DTCP to check illegal colonies in Gurgaon will help boost affordable housing. Conceived by the mushrooming of illegal colonies, the Department of Town & Country Planning(DTCP) is putting regulatory mechanism in place. It is bringing 146 villages in Gurgaon under Section 7A of the Haryana Development & Regulation of Urban…
Jewar Airport to be connected to Delhi-Mumbai Expressway- a booster for realty
With the land acquisition for the second phase of Jewar Airport beginning in December, real estate in the NCR is set to get a big boost. According to Yamuna Expressway Industrial Development Authority (YEIDA), 1365 hectares of land will be acquired under phase 2. The process for land acquisition will begin from December 15. The mega…