The Goa Rehabilitation Board and the Goa Housing Board have invited the Real Estate Developers' Body, NAREDCO Maharashtra, to explore investment opportunities in residential, commercial, mixed-use, redevelopment, and business park projects in the state.
The Goa Rehabilitation Board and Goa Housing Board have urged the National Association of Real Estate Developers Council (NAREDCO) Maharashtra to explore development and redevelopment opportunities through the public-private partnership model.
The focus will be on advancing residential, commercial, mixed-use, redevelopment, and business park projects across the state, NAREDCO Maharashtra said in a statement on February 17.
The Goa Rehabilitation Board and Goa Housing Board have urged the National Association of Real Estate Developers Council (NAREDCO) Maharashtra to explore development and redevelopment opportunities through the public-private partnership model.
The focus will be on advancing residential, commercial, mixed-use, redevelopment, and business park projects across the state, NAREDCO Maharashtra said in a statement on February 17.
The Maharashtra State Road Transport Corporation (MSRTC) is preparing to swiftly develop its extensive 3,360-acre land bank across the state, a senior official has announced. This initiative aims to maximize the utility of strategically located lands, primarily for bus depot development, through a streamlined approach.
The Maharashtra government has invited real estate developers to participate in projects on 3,360 acres of land owned by the Maharashtra State Road Transport Corporation (MSRTC). These land parcels will be developed under public-private partnership (PPP) models on a build-operate-transfer basis.
The state will soon issue nearly 150 tenders for these projects, Transport Minister Pratap Sarnaik announced at the NAREDCO NextGen Conclave 2025 in Mumbai on Wednesday.
Maharashtra Transport Minister Pratap Sarnaik has urged the National Real Estate Development Council (NAREDCO) to take the initiative in developing the "land bank" owned by the State Transport (ST) Corporation across Maharashtra. He emphasised that NAREDCO's expertise in real estate development could significantly benefit ST, an organization that plays a crucial role in public transportation.
Niranjan Hiranandani, chairman of NAREDCO, the apex body for real estate developers, has said that the RBI interest rate cut would significantly benefit affordable housing and hopes that a 100 basis point reduction in the repo rate going forward will further boost the segment.
Hiranandani made these remarks during a panel discussion hosted by NAREDCO Next Gen on February 11.
Maharashtra Transport Minister Pratap Sarnaik announced that the Maharashtra State Road Transport Corporation (MSRTC) possesses a land bank of 3,360 acres across the state, which the government plans to develop into modern depots under a Public-Private Partnership (PPP) model.
After a prolonged period of sales decline and low levels of supply, sales in the affordable housing segment may see a new lease of life after the Reserve Bank of India (RBI) cut its key repo rate by 25 basis points to 6.25 percent, paving the way for lower interest rates on home loans. The downside, however, remains in the form of a continued increase in home prices across all markets, with inflation continuing to be on the higher end, observers noted.
Real estate developers hailed the RBI's decision to cut the benchmark lending rate by 25 basis points, saying this will benefit existing home loan borrowers and also encourage the fence sitters to invest in residential properties.
NAREDCO national president G. Hari Babu said the rate cut will have a positive impact on the real estate sector, making home loans more affordable and increasing demand for housing.
