Realty News Roundup: Govt Takes A U-Turn On Land Bill; 305 Cities Identified For Home-For-All Scheme

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

The government took a U-turn on the controversial Land Acquisition Bill. In his address to the nation on his radio broadcast Mann Ki Baat on Sunday, Prime Minister Narendra Modi said the government would not promulgate the Land Acquisition ordinance. The ordinance lapses on Monday (August 31). Read more.

The government has released a list of 305 cities from nine states, shortlisted for a project to build home-for-all by 2022. The selected cities and towns are in Chhattisgarh (36 cities/towns), Gujarat (30), Jammu and Kashmir (19), Jharkhand (15), Kerala (15), Madhya Pradesh (74), Odisha (42), Rajasthan (40) and Telangana (34). Read more.

Off the front page

The Financial Express reports that real estate companies sitting on a large stock of unsold inventory are now selling homes in bulk at heavy discounts. Read more.

Bangalore Mirror reports that most of the home buyers in the city are in the age group of 28 to 35 years. Read more.

Mumbai-based Richa Realtors is reportedly planning to develop 10 million sq ft of residential space in the next five years. The company is also expecting to raise Rs 1,500 crore during this period. Read more.

ATS Infrastructure and Logix group have formed a joint venture to develop a luxury home project in Noida. The company has raised about Rs 130 crore from ICICI Prudential Asset Management Company for this. Read more.

Opinion

An editorial piece in The Hindu on Monday focuses on the government's new urban development projects. Read here.

The Hindu has also published a full-page series of articles on green buildings. Read here.

Read an interview with Sriram Kalyanaraman, Chief Executive Officer and Managing Director, National Housing Bank. Read here.