Realty high­lights 2015

RENT AND CAP­I­TAL RATES

HT Estates - - FRONT PAGE -

In­ter­est rate cuts: RBI cut lend­ing rates four times this year touch­ing 125 bps. But banks trans­ferred only the me­dian lend­ing rate lead­ing to a re­duc­tion of only 60 bps. This means that there is still room for banks to pass on more ben­e­fits to con­sumers

NGT is­sue laid to rest in Noida: The Cen­tre fi­nalised the no-con­struc­tion zone around the Okhla Bird Sanc­tu­ary at a ra­dius of 100 me­tres on the Noida side in Au­gust this year. Go­ing for­ward, prices are likely to go up marginally for good qual­ity projects

In­te­grated Li­cens­ing pol­icy in Haryana: The pol­icy en­ables small landown­ers to vol­un­tar­ily mon­e­tise their land by par­tic­i­pat­ing in the process of li­cenc­ing, realty de­vel­op­ment and sale of trans­fer­able de­vel­op­ment rights

Land pool­ing and TOD pol­icy: In Fe­bru­ary, Lt Gov­er­nor of Delhi ap­proves the tran­sit ori­ented pol­icy of Delhi. In May, the ur­ban de­vel­op­ment min­istry no­ti­fies op­er­a­tional guide­lines for im­ple­ment­ing the land pool­ing pol­icy in Delhi

Other ini­tia­tives: Gov­ern­ment launches the Atal Mis­sion for Re­ju­ve­na­tion and Ur­ban Trans­for­ma­tion, Smart Cities Mis­sion, and Hous­ing for All. Cab­i­net amends the Real Es­tate (Reg­u­la­tion and De­vel­op­ment) Bill 2015 6000-8000 4000-7000 3000-4000 8000-11000 3000-6000 3000-4000 3000-5000 2000-3000 3000-6000

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