Cheap housing only at Naina: Builders
BANM president Devang Trivedi also said that the only affordable housing schemes will come from the Naina project
Dec 17, 2014
Source : The Times of India


NAVI MUMBAI: The city builders, who have put up stalls at Credai-BANM's 15th property exhibition, say that they are expecting a turnover of approximately Rs 2,500 crore within a span of three months. But BANM president Devang Trivedi also said that the only affordable housing schemes will come from the Naina project, and hence there was a need to expedite the project.

Trivedi said that although people from Mumbai suburbs are opting for Navi Mumbai flats now, the city is no longer a segment for affordable housing. He said that the only option left is Cidco's Naina project. "Huge areas will be available for development of housing projects at affordable rates under Naina project." he also said that affordable housing near Panvel can be possible if Cidco decided to create a department which will only concentrate on allotment of land and clearing titles by issuing commencement certificates (CC) for Naina project. "Naina project is the only option for affordable housing," he said.

He added that cost of housing projects along Mumbai-Goa highway, Mukbai-Pune road or Shilphata, have also sky-rocketed as the CCs are not issued easily, causing delay and increasing cost of the flats. More than 500 proposed and completed housing projects were being offered at the 12 stalls set up at the exhibition, which is being held at Cidco exhibition centre, Vashi.

Latest Realty News

Construction flurry around Surajpur wetland
Dec 17, 2014
GREATER NOIDA: At a time when the Greater Noida Authority is working on plans to develop the Surajpur forest area into an ecological park, people have anticipated a price boom and begun construction
Opposition okays regularisation of land encroachment by the poor
Dec 17, 2014
HYDERABAD: The state government's proposal to regularise land encroachment up to 125 square yards by the poor has been approved by all political parties
Only 97 city high-rises have occupancy certificates
Dec 17, 2014
BELAGAVI: IT City may be dotted with hundreds of high-rises, but only 97, including residential apartments, are legally deemed fit to occupy
Fighting developers turn friends for Worli SRA project that is likely to fetch Rs 8,000 crore
Dec 17, 2014
MUMBAI: A 17 acre encroached BMC plot in Worli with a development potential estimated at Rs 8,000 crore has brought two warring builders together
100 plus projects by 50 builders at two-day property show in Coimbatore
Dec 17, 2014
COIMBATORE: More than one hundred new housing projects by 50 top builders will be showcased during the two-day property show
IL&FS Investment Managers fund exits phase 1 of Wadhwa Project
Dec 17, 2014
MUMBAI: The realty fund of financial services major IL&FS Investment Managers has exited the phase 1 of developer Wadhwa Group's residential project
32 companies in illegal real estate investment schemes: Govt
Dec 17, 2014
New Delhi: At least 32 companies have been found by capital market regulator Sebi to be operating unauthorised money-pooling schemes in the garb of real-estate business
Blackstone buys 3C Group's SEZ for Rs 625 cr
Dec 17, 2014
MUMBAI, NEW DELHI: American private equity fund Blackstone has acquired an IT special economic zone of 1.5 million square feet owned by real estate developer 3C Group for Rs 625 crore
HDFC plans to raise $500-mn realty pvt equity fund
Dec 17, 2014
New Delhi: HDFC Property Fund, set up by Housing Development Finance Corp Ltd, plans to raise a $500-million fund to invest in residential real estate projects
REFILE-Dubai property price rises slow, 2015 outlook stable -CBRE
Dec 16, 2014
Dubai: Increases in Dubai property prices slowed in the second half of 2014

Latest Realty News Of State

Realty Talk's