Realty News Round-Up: Housing For All May Boost Economy, Says Report; Godrej Properties Launches Mixed Use Project In Vikhroli
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
According to India Ratings' latest report, construction-related sectors will benefit from the huge demand that will be generated by Centre's ambitious Housing for All mission. The report further adds that the mission may boost Indian economy by 3.5 per cent by 2022. Read more
Godrej Properties has launched a mixed-use project, The Trees, in Mumbai's Vikhroli suburb. The project is spread over 34 acres of land and will house commercial, cultural and retail developments along with a 5-star luxury hotel and residential units. Read more
Off the frontpage
Good news for projects in Thane. The municipal corporation has allowed the residential towers to go beyond 27 storeys. This will help in sufficing the growing demand for homes in this Mumbai suburb. Read more
On the commercial real estate front, car aggregator Uber has leased 150,000 sq ft of office space in Hyderabad. Reports suggest that the space will be used as a back office and technology centre. Read more
This opinion piece in The Quint talks about how tax concessions or sops might not help revive the Indian residential real estate sector.