‘Build low cost houses to boost infrastructure’
Builders must come up with affordable and low cost houses and be satisfied with less profit margin, Union Minister Nitin Gadkari said
Dec 13, 2014
Source : The Times of India


Navi Mumbai: Union minister Nitin Gadkari on Friday urged builders to come up with affordable housing projects in order to boost the city's infrastructure. 

He was speaking at the 15th BANM property exhibition where he was the chief guest for the inaugural function. 

"Builders must come up with affordable and low cost houses and be satisfied with less profit margin as they play a pivotal role in the city's infrastructure development. There have been instances where residential projects have been completed but flats have not been sold due to the steep property prices," said Gadkari. 

The minister also urged the mayor to take steps against water pollution and said NMMC should use treated water to generate biogas, which can be used to run buses. 

Talking about the PAPs, he said that they should be given suitable compensation and that the government will be liable to give them jobs. 

He also emphasized the need for water transport. A passenger terminal has been envisaged for the BPT (Bombay Port Trust) which will boost the water transport, he said. 

Latest Realty News

Over 50k buildings surveyed in Pune so far
Dec 12, 2014
PUNE: The district administration has issued 3,700 notices to builders and societies directing them to submit documents regarding their buildings
Mumbai’s development plan delayed by 2 more years
Dec 12, 2014
MUMBAI: Mumbai's new Development Plan will be delayed by two more years. The draft DP was to be presented by April 2015, but it has been now pushed to 2017
HC asks developer to deposit Rs 14 lakh to cut 70 trees and plant 5 for each
Dec 12, 2014
MUMBAI: In a unique order, the Bombay high court has directed a builder to deposit Rs 14 lakh
18 Noida plots in Yadav kin, aide's names
Dec 12, 2014
NOIDA: An investigation by the Noida Authority has found 12 commercial and six institutional plots were allotted to the family members of Yadav Singh, its suspended engineer-in-chief, and his close aide
Capital land deals put FIU on alert
Dec 12, 2014
HYDERABAD: The Financial Intelligence Unit (FIU) of the Union ministry of finance has raised a red flag over scores of high-value monetary transactions happening in the proposed capital region of Andhra Pradesh
Why do we need PMC in a city 'surrounded by filth': HC
Dec 12, 2014
Patna: Patna High Court raised questions about the utility of Patna Municipal Corporation (PMC)
Vashi: Builders line up their best deals for home buyers
Dec 12, 2014
Navi Mumbai: 15th edition of BANM exhibition gets underway in Vashi on Friday
Private equity in realty sector to grow up to $3bn in 2 years
Dec 12, 2014
MUMBAI: The government's decision to relax FDI norms in the construction sector is likely to attract private equity investments to the tune of up to $3 billion
Housing for all scheme soon, says government
Dec 12, 2014
New Delhi: With an estimated three crore people having been identified as homeless, government will soon come out with a scheme to provide housing to all
Slums on hills building plans in concrete, hope to get legal tag
Dec 11, 2014
PUNE: In the last few days, the slum pocket on Kondhwa Budruk hilltop has come alive with the news that the state government may regularise illegal constructions

Latest Realty News Of State

Realty Talk's