Over 100 housing societies in Pune are pushing for a single-window clearance system to expedite self-redevelopment proposals for buildings older than 30 years.
PuneHousing SocietiesSingle Window ClearanceSelf RedevelopmentMaharashtra State Cooperative Housing Societies FederationReal Estate PuneJun 18, 2024
The primary demand of the housing societies in Pune is the implementation of a single-window clearance system to accelerate self-redevelopment proposals for buildings older than 30 years.
Over 100 housing societies in Maharashtra are advocating for the implementation of a single-window clearance system.
The housing societies in Pune are facing prolonged permission processes, leading many to stall their redevelopment plans.
A single-window clearance system would significantly reduce delays and streamline the process of granting clearances.
The proposal for a single-window system was first suggested in 2019.
The mid to high-end segment of the housing market has seen increased offtakes, especially in the suburbs of Delhi NCR, Pune, Mumbai, and Chennai. Homebuyers are increasingly looking for larger, more affordable homes in these areas.
Real Estate stocks were trading positively, with the BSE Realty index rising by 66.46 points or 0.81% to 8288.1 at 09:44 IST.
With capital values reaching unprecedented highs, nearly INR 380,000 crore worth of homes have already been sold across the top seven cities in India, setting the stage for a record-breaking year in 2024.
Residential property prices in the outskirts of major Indian cities are outpacing prime areas, driven by infrastructure improvements and land availability. This trend is reshaping the real estate market and offering new opportunities for buyers and invest
Sundaram Alternates, a subsidiary of Sundaram Finance, has successfully made the first close of Rs 1,000 crore for its real estate fund, marking a significant milestone in the firm's strategic expansion in the property sector.
The recent repo rate cut by the Reserve Bank of India (RBI) is expected to provide a significant boost to the real estate sector. According to industry experts, this move will offer much-needed relief to both existing and potential homebuyers, potentially