Land acquisition process should be more regulated: Assocham
Aug 22, 2012
Source : Business Standard


The land acquisition procedure should be more regulated and the auction process can be used to determine correct compensation price, industry body Assocham said in a joint study with consulting firm Frost & Sullivan.
The study also said monetary and non-monetary compensation can help attract more landowners who can part with their land.
A hassle free procurement of land is necessary to boost industrial development of the state and address the issue of lack of basic facilities in industry-ready land areas.
"The land acquisition procedure should be more regulated and the auction process can be used to determine correct compensation prices," the study said.
On the economic front, the study said there is an urgent need to address the debt scenario of the state to balance the ratio between debt and gross state domestic product. The industry body also called for laying emphasis on generating both tax and non-tax revenues to shore up government finances

Latest Realty News

Realty sector sees most accounting variations: CBDT
Aug 22, 2012
New Delhi: Tax authorities have blamed the opaque practices in the real estate sector, all-cash deals by small scale producers, capital market regulator Sebi’s lack of reach on the ultimate beneficiaries of offshore instruments and informal stock trading outside the exchanges for the generation of black money. In a report presented to the finance ministry last week, a panel led by the Central
Small realtors pin hopes on Sebi's new norms for funds
Aug 22, 2012
NEW DELHI: Small builders that have been facing funds crunch for many months are banking on capital market regulator Sebi's new Alternative Investment Funds regulations to ease access to money. Over the past several months, banks have cut down on lending to smaller real estate players, while home sales have slowed down, forcing them to stall many projects. Unlike big builders, these companies
P Chidambaram asks banks to put pressure on real estate developers to lower property prices
Aug 22, 2012
MUMBAI: P Chidambaram, the newly-appointed finance minister, has asked chiefs of government-owned banks to put pressure on real estate developers to lower property prices in order to get the economy moving. In a meeting held last Saturday with bank chiefs, the finance minister told bankers to impress upon builders the need to complete projects according to schedule and lower the prices of apa
Subsidy boost for solar power systems in homes
Aug 21, 2012
BHUBANESWAR: If you are upset with frequent power cuts and increasing power bills, then go for solar energy. Opting for electrification through solar energy will not only ensure better electricity supply but also bring relief from load shedding. The Odisha Renewable Energy Development Agency (OREDA) is encouraging this option by providing subsidy for installing the home solar power system.
Just 5 percent target achieved under Indira Awas Yojana
Aug 21, 2012
Even as the Government has set a target to construct 2,86,090 houses under Indira Awas Yojana (IAY), the rural housing scheme for the poor, in 2012-13, only 5 per cent of the target has been achieved by the end of July. While more than one lakh houses were under construction, the annual target for the current financial year was to construct 1,55,419 more houses. However, only 14,995 houses h
CREDAI honors for ASI, Muttha Group
Aug 20, 2012
MUMBAI: Raising the bar of real estate awards, developers' apex body CREDAI has felicitated the Archaeological Survey of India (ASI) with the 'Best Maintained National Monument' award for their maintenance of the historic Fatehpur Sikri. At a star-studded and glittering award function held recently in Mumbai CREDAI also honoured the doyen of real estate, Shantilal Muttha, Chairman and Managing
Odisha Urban Infrastructure gets DFID boost
Aug 20, 2012
The UK-based DFID has come forward to boost the State Government’s urban infrastructure development endeavours by aiding the latter’s flagship development fund __ the Odisha Urban Infrastructure Development Fund (OUIDF) __ with a 25 million Pound sterling support. This is the second support coming OUIDF way after German banking group KfW’s 52.5 million Euro loan-cum-assistance earlier this mo
‘Cantonment Board of Ramgarh norms have stalled Ramgarh’s growth’
Aug 19, 2012
RAMGARH: The coal and garrison town of Ramgarh has failed to attract realtors despite its proximity to the state capital Ranchi. Even though the town has potential for real estate businesses, most have ignored Ramgarh due to Cantonment Board restrictions on construction of multi-storey buildings. The provisions of building by-laws of the Cantonment Board, which is a local civic body under the
Bus bays may start operating soon
Aug 19, 2012
BHUBANESWAR: Traffic problems created by city buses stopping in the middle of the road might end soon. As many as 21 bus bays are set to start functioning from September 1. "We will start using these halts from September 1 as the government is set to announce their readiness by August 31. From then on, we will not allow buses to halt at places other than these designated ones," said Nishikant Mis
Bengal realty lists growth hurdles
Aug 19, 2012
Calcutta, Aug. 18: Supply-side issues are creating problems for real estate developers in Bengal who are anticipating a flat rate of growth for the sector this year. “There has been an 18-20 per cent compounded annual growth in the last few years in the real estate sector in Bengal. This year we are hoping that we can maintain that kind of growth,” Harsh Vardhan Patodia, president of the Benga

Latest Realty News Of State

Realty Talk's