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Naredco in News

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Naredco in News

  • India’s Smart Homes Mkt to Grow by 9.14% by 2028; Green Buildings Mkt to Reach $39 Bn by 2025: NAREDCO Resurgent Study

    The Smart Homes Market in India is projected to grow by 9.14% from 2024 to 2028, reaching a market volume of USD 9.2 billion. This growth is attributed to the increasing integration of Internet of Things (IoT) devices in homes, which enhance security, energy efficiency, and convenience. Startups specializing in smart home solutions are expected to see substantial growth during this period.

  • Repeal of Article 370 Spurs Rs 81,000 Crore Investment Proposals in J&K: Dr Hina

    With the Introduction of New Industrial Development scheme and post abrogation of article 370, the Union Territory of Jammu & Kashmir has received Investment proposal worth Rs 81 thousand Crore, disclosed Chairperson J&K Khadi & Village industry Board Dr. Hina Shafi Bhat. Without giving the breakup of the Rs 81 thousand crores of investment proposals Dr. Bhat, however, added that J&K had received private investments to the tune of Rs 14000 crore only since independence.

  • Builders must provide for rain harvesting, solar energy to make housing societies sustainable: Govt.

    Asserting the need to decentralise the water and energy production system, Housing and Urban Affairs Additional Secretary D Thara on Friday asked real estate developers to change the way they build housing projects and make them self-sustainable. Speaking at the 3rd convention of realtors body  Naredco's women wing 'NAREDCO Mahi' on Friday, she asked real estate developers to make provisions of rainwater harvesting compulsory in their projects.

  • Naidu comeback: Experts expect 10-15% real estate price correction in Hyderabad, resurgence in Amaravati

    Recent political developments and newly elected Andhra Pradesh chief minister Chandrababu Naidu's renewed focus on Amaravati have stirred up the real estate dynamics in Hyderabad, the capital of Telangana. The Telugu Desam Party's mandate in neighbouring Andhra Pradesh, with a sizable majority and a significant ally at the centre, may cause Hyderabad's real estate market to moderate, albeit gradually, with several investors and businesses expected to migrate to Andhra Pradesh, say experts

  • Modi Govt approves 3 crore additional rural and urban homes under PMAY

    If you are one of those looking for a home under the Pradhan Mantri Awas Yojana (PMAY), then there is good news for you. The Modi government has approved the proposal to provide 3 crore additional rural and urban houses under PMAY. “The Cabinet has decided to further expand the Pradhan Mantri Awas Yojana and construct 3 crore additional rural and urban houses. This decision underscores the government’s commitment to addressing the housing needs of our nation and ensuring that every citizen leads a better quality of life.

  • Realty sector hails expansion of PMAY with 3 crore new houses

    The government is set to expand its housing initiative under the Pradhan Mantri Awas Yojana (PMAY), with plans to construct 3 crore additional rural and urban houses. This decision was made during the first cabinet meeting of the new administration, highlighting the government's focus on continuing a welfare-focused agenda aimed at providing affordable housing to low-income families across the country.

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  • Credai, NAREDCO seek lower repo rate to boost housing demand.

    Realtors' apex bodies CREDAI and NAREDCO have requested a reduction in the repo rate in the next monetary policy meeting to lower home loan interest rates and enhance demand for residential properties. The Reserve Bank of India (RBI) decided to maintain the current repo rate. 

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  • Cost of building Chandrababu’s ‘city of the future’ nearly doubles to Rs 40,000 crore

    Amaravati – Telugu Desam Party (TDP) supremo Chandrababu Naidu’s dream capital of Andhra Pradesh – has got a new lease of life with his return to power in the state after five years, and it comes at a cost higher than previously estimated. According to industry estimates, about Rs 40,000 crore will now be required to build infrastructure and various government buildings in the city on the Krishna riverbank, nearly double the Rs 21,000-crore expenditure estimated by the Andhra Pradesh Capital Region Development Authority (APCRDA) during Naidu’s previous stint as the chief minister.

  • Realty sector hails expansion of PMAY with 3 crore new houses

    The government is set to expand its housing initiative under the Pradhan Mantri Awas Yojana (PMAY), with plans to construct 3 crore additional rural and urban houses. This decision was made during the first cabinet meeting of the new administration, highlighting the government's focus on continuing a welfare-focused agenda aimed at providing affordable housing to low-income families across the country.

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  • Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment

    Hours after taking office for a third consecutive term, Prime Minister Narendra Modi's new Union Cabinet announced its first major policy decision to provide assistance for the construction of an additional three crore rural and urban houses under the Pradhan Mantri Awas Yojana (PMAY). This, say real estate experts, is aimed at ensuring continuity to the Housing for All scheme and will help revive the affordable housing segment.