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Useful Links:

  1. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. 
  2. Ministry of Urban Development, Govt of IndiaThe Ministry of Urban Development is the apex authority of Government of India at the national level to formulate policies, sponsor and support programme, coordinate the activities of various Central Ministries, State Governments and other nodal authorities and monitor the programmes concerning all the issues of urban development in the country.
  3. Ministry of Rural Development, Govt of India.
  4. Town and Country Planning Organization (TCPO): TCPO was set up in 1962 with the merger of the erstwhile Town Planning Organization (TPO) and Central Regional and Urban Planning Organization (CRUPO). TPO was set up by Pandit Jawahar Lal Nehru in 1955 to formulate the First Master Plan for Delhi, while CRUPO was tasked with evolving a plan for Delhi Region and advise on the Development of Steel Towns, River Valley Projects etc. Since 1962, TCPO has been functioning as a technical wing of the Ministry of Urban Development.
  5. Department of Land Resources, Ministry of Rural Development, Govt of India
  6. Land and Development Office, Ministry of Urban Development, Govt of India: Please check this link out for Land rates, Land allotment etc.
  7. DDA - Delhi Development AuthorityEver since its inception in 1957, Delhi Development Authority has pioneered the process of development in the city. A Master Plan was formulated by DDA in 1962, which ensured a balanced development of Delhi by creating new residential extension areas which were self-contained and provided a healthy and secure environment.
  8. CPWD - Central Public Works Department: CPWD came into existence in July, 1854 when Lord Dalhousie established a central agency for execution of public works and set up Ajmer Provincial Division. It has now grown into a comprehensive construction management department, which provides services from project concept to completion, and maintenance management.
  9. JNNURM - Jawaharlal Nehru National Urban Renewal Mission
  10. Smart Cities - Transforming Life - Transforming India, Goverment of India: The key features of a Smart City is in the intersect between competitiveness, Capital and Sustainability. The smart cities should be able to provide good infrastructure such as water, sanitation, reliable utility services, health care; attract investments; transparent processes that make it easy to run a commercial activities; simple and on line processes for obtaining approvals, and various citizen centric services to make citizens feel safe and happy.

  11. CREDAIThe Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body for private Real Estate developers in India. the facts about CREDAI, which is over 9000 Members through 23 State Chapters and 152 City Chapters.CREDAI links private real estate developers to the government and customers through numerous initiatives and activities.
  12. Metro Rail Projects: Delhi Metro, Mumbai Metro, Hyderabad Metro, Chennai Metro etc.

  13. Builders' Association of India (BAI)Most executors of infrastructure development programmers and builders of real estate, i.e. the construction companies in India, are under the umbrella of the over-seven-decades-old Builders' Association of India (BAI). BAI is the only all India apex representative body of civil engineering construction companies. BAI was founded in 1941. 
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Realty Trends

Home prices near most-affordable levels in over 30 years: HDFC


Home prices may have been on an upward spiral for many years, but the cost of owning a house in India remains near the most affordable level in over three decades, shows data compiled by mortgage giant HDFC Ltd.

The average price of a home, purchased with a housing loan, rose to over Rs. 45 lakh in the 2012-13 fiscal year -- marking the fourth consecutive year of uptrend from about Rs. 25 lakh in the year 2008-09, HDFC has said in a presentation.

However, factors like an even greater surge in the personal income levels, tax incentives and lower interest rates, have resulted into houses becoming more affordable to purchase, it said.

 

 

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India Property Investment Gyan

Major schemes for affordable housing to be modified: Girija Vyas


NEW DELHI: Major schemes meant for providing affordable housing to urban poor will soon be modified to make them more people-friendly, the government said today and invited the private sector to contribute more actively in this area. 

Speaking to reporters here, Housing and Urban Poverty Alleviation (HUPA) ministerGirija Vyas today said her ministry is modifying all the major schemes including the Rajiv Awas Yojana (RAY), Rajiv Rinn Yojana and the, Affordable Housing in Partnership scheme and added enormous budgetary support has been earmarked during the current plan period. 

Secretary HUPA Arun Kumar Misra told reporters that a fund of Rs 35,000 crore had been allocated to the ministry for the implementation of three major schemes, including RAY, which was being run in as a pilot project earlier under 12th five- year plan. 

He said the ministry would require approval from the cabinet for the implementation of these schemes and efforts would be made that through these funds 2 million affordable houses are encouraged. 

He said that in addition to the central government funds, banks and credit institutions would be providing funds for construction of affordable houses. 

Vyas said that with urbanisation, the number of urban homeless and area under slums had grown. 

Vyas said there was a need for private developers to develop economic models to foster affordable housing for economically weaker sections and lower income group households in urban areas as government efforts in this direction needed to be supplemented. 

Vyas also said a technical group, set up by her ministry, had shown that out of 18.78 million housing shortage in the country, 96 percent shortage is in EWS and LIG category and for this huge investments and private sector participation were required. 

Misra said the group set up by the ministry has suggested incentives for the affordable housing sector included concessions to development-related charges and service taxexemptions. 

It also sought direct tax rebates for affordable housing projects and inclusion of the sector in the 'infrastructure facility' he said and added the task force had felt that governments need to still provide direct capital grant support to affordable housing projects. 

Misra said that in the symposium held today where states, experts and private sector representatives were present, there was unanimity on many of the suggestions.

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Green Property- Eco Homes

Reclaim your city space: Projects in Delhi, Mumbai and Kolkata aim to transform lives

 
Three projects in three cities aim to transform the lives of people who live close by. The one in Mumbai hopes to transform a congested area into a green precinct; the one in Delhi converted an open drain into a walkway, while Kolkata hopes to bring the crowds back...