#RealtyNewsRoundup: Over A Crore Households In India’s Urban Areas Don’t Have Toilets
At a time when the Centre is working towards making India an open-defecation free nation by 2019 under its Swachh Bharat Mission, data by the housing ministry show over a crore households in urban areas don't have bathrooms. Under the mission, the government has so far constructed 31.14 lakh individual toilets and 1.15 community toilets across the country.
After the Centre urged states to stick to the timeline on the new law, Karnataka is all set to notify the Real Estate (Regulation & Development) Act, 2016, by May 1. Real estate developers and home buyers are expecting illegal practices would be eliminated from the sector after the law is implemented.
The Telangana government has thrown open the doors for its two-bed room housing project to big contractors. The state has eased rules to woo big players to join the Rs 20,000-crore project. The move is expected to speed up work on the programme.
At a time when other developers are facing declining profit margins, company data show Lodha Group's sales bookings rose by 30 per cent last fiscal to about Rs 8,500 crore. The upwards movement in sales numbers was driven by growth in the domestic market and the company’s foraying into London real estate.
(Source: Media Reports)