NAREDCO against the Land acquisition bill proposed by the parliamentary panel

Redefining Public purpose, as suggest by Parliamentary Committee, will impact infrastructure, industrial and township development severely.

Provisions of LA and R&R Bill should not apply to private acquisitions done by developers after direct negotiation with land owners/farmers. Privately negotiated prices, in almost all cases, are much higher than acquisition compensation suggested in the bill.

Slower and expensive building approvals in India a worry

The building approval process in India is relatively slower and more expensive in comparison to several other countries as indicated by a recent World Bank assessment. The report highlights that an average 37 procedures over a period of 195 days are needed for obtaining construction permits in the country vis-à-vis 15 approvals over an average 157 days in the OECD region.

Initiatives for slum redevelopment beyond just housing

Babulal Varma, Managing Director, Omkar Realtors & Developers There are many initiatives taken for the overall development of the slum dweller rather than just housing them. It is this gesture of ours which has helped us acquire more and more projects for redevelopment. We now have the slum dwellers approaching us, for us to redevelop [...]

Slum redevelopment ensures inclusive growth

The business of redevelopment has a long gestation period but the end result is better living for the poor, improved civic amenities and infrastructure of the city and additional housing for the influx.

Higher transparency for better consumer protection

In addition to professionalism, enacting laws to enforce high standards of disclosure, transparency and corporate governance within the realty sector are also needed in order to minimize investor risk. Specifically with consumer interests in mind, there must be a redressal or complaint handling mechanism that provides much needed recourse against customer grievances.

Paving the way for integrated and lean project delivery

Greater emphasis needs to be awarded to project delivery in light of the human, physical and monetary resources that are lost as a consequence of such delays. Even in the most robust economy, the challenges involved in construction and delivery of projects are enormous. There are common worries focused on timeliness, costs, performance and delivery. Stakeholders involved across the development process are often insufficiently coordinated to deliver a finished product within budget and on time.

Unregulated and unorganized real estate needs international best practices for facelift

It has been strangely characteristic for the real estate and construction industry in India to remain unregulated and unrecognized, even though it is one of the largest employers and contributors to national growth.

Budget 2012-13: Realty reacts with some pain-some gain rhetoric

It is a highly disappointing budget. The Finance Minister has miserably failed in highlighting the importance the role of Housing in economy, employment generation, apart from the very need of housing. The announcements on ECB for affordable housing is a minor respite but still meaningless.

Need to distinguish between land acquisition and land purchase

The recently tabled Land Acquisition, Rehabilitation & Resettlement Bill, 2011 in Parliament is meant to replace the 117-year-old Land Acquisition Bill of 1894.

Budget must reduce interest rate to increase housing demand

What Government can look at is to increase the demand and continue interest reduction in housing or enhance the deduction limit. Government can also provide special tax incentives for budget housing.