If India’s economy grows at an annual average of 11.6 per cent during the next six years, the country’s GDP could reach $5 trillion by 2026-27, showed an estimate by CARE Ratings. While the growth of 11.6 per cent seems highly optimistic at this time as the coronavirus pandemic has led to dis... Read more...
The government will seek Parliament’s approval for ₹37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant. Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of ₹25,000 crore as capital expen... Read more...
The government has kick-started the process of monetising land assets of telecom firm MTNL and has sought bids from global property consultancy firms for managing the sale process. The Department of Investment and Public Asset Management (DIPAM) has invited financial bids by November 9 from the f... Read more...
Urban Development and Housing (UDH) department has framed new rules for allowing change of land use defined in the city master plans. But the owners have to pay administrative fees now. After the high court directed the state government that land use norms laid out in the master plans can only be... Read more...
During the COVID-19 pandemic, having no home, lacking access to water and sanitation, or living in overcrowded housing, has regrettably become like a ‘death sentence,’ handed out predominantly against poor and marginalised communities, a UN human rights experts said. In his first report to th... Read more...
CBRE India’s Government Practice– a dedicated vertical for undertaking Government and public sector mandates, recently crossed the coveted milestone of having provided services across 100 top cities in the country. The services provided by CBRE Government Practice vertical include economic... Read more...
Soon, the students in Gujarat and those coming from other states will be able to avail rental homes at much cheaper rates than the market price. The Gujarat government is all set to announce its new Affordable Rental Housing Complexes (ARHC) scheme in a week or two. Under the ARHC scheme, the gov... Read more...
As Assam goes into the Unlock mode, the state’s real estate sector awaits a pick-up in demand as they stare at losses to the tune of around Rs 2,000 crore. A government-sponsored study to assess and understand the severity of the impact of the pandemic on the state’s economy had predicted tha... Read more...
In a bid to allay the fears of locals, the Centre is likely to bring a new law which will protect the land rights of the people belonging to Jammu and Kashmir. The new law will be passed in parliament as election to the newly created Union Territory of Jammu and Kashmir is yet to be held. Land ri... Read more...
In a presentation given to the Prime Minister Narendra Modi and union finance ministry to revive the economy, NITI Aayog has suggested that even as economic activities have recovered post lockdown, government intervention is required for economic recovery as private investments are unlikely to see a... Read more...