Check out the major headlines of last week's Indian Realty Market! Read our Real Estate News round-up (17 to 23 November 2020) from the best sources in India and analyse the trends of our industry.
Mumbai: Maharashtra CM Udhaav Thackeray has launched "Maha Awas Yojana" which is a rural housing scheme, that shall build over 8.82 lakh houses within 100 days. The scheme would spend Rs 4000 crores to construct the houses, and the rural development department expects the project to be finished by the end of February.
Uttarakhand: Under the PMAY-G scheme, the government of Uttarakhand stated that it would provide homes to over 84,726 by March of 2022. Shri. Madan Kaushik, the Hon. Minister for Urban Development and Housing also said that the current government had already given houses for over 12,662 beneficiaries.
Mumbai: The reputed Kalpataru Ltd to invest over Rs 350 Crore to construct 200 premium homes over the next 3 years. Focusing on the locale of Kandivali East as the region showcases an immense promise for realty growth and extensive infrastructure developments. Kalpataru expects to finish the projects by early 2024.
Coimbatore: Coimbatore City Municipal Council orders the residents of dilapidated buildings to vacate within two days as the region faces continuous rain showers. The civic body issued the order under section 327 as these buildings and premises are unsafe to live in.
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Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!
If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.
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