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Environmental Regulations That Influenced Real Estat2016 saw some important regulations being implemented by the environment ministry and National Green Tribunal. Mandatory clearances would now not be needed for construction works if pre-specified green norms are imposed under building bye-laws. PropGuide shares some such regulations that will influence the real estate sector for good.
3 Things That Should Ideally Come For FreeBasic necessities, mechanisms in place for energy efficiency, use of technology to a certain extent should be provided free. While it may be a burden on the government as well as real estate developers, developments such as these could ensure near about equitable distribution of space, comfort and safety.
Is Property In India Still Not Affordable Enough?Worldwide, luxury is becoming even more affordable. To lure buyers, developers are not only offering extraordinary discounts on prices but also helping them save taxes. This is helping real estate see some action even if it is not heavy duty. In India, on the other, it is a different story altogether.
This Is What You Should Expect From Real Estate SectPraveen Jain, president, National Real Estate Development Council (NAREDCO) & CMD Tulip , shares the major developments in the real estate sector in 2016 and their ongoing and future impact on the market.
Demonetisation Impact: Banks Slash Lending Rates; HoIn his address to the nation on the New Year’s Eve, Prime Minister Narendra Modi urged banks to make people from the lower-middle class and middle-class their areas of focus. PM’s speech has prompted several banks, including India’s largest lender SBI, to slash lending rates. The move is likely to give a renewed push to the affordable housing segment.