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Real Estate Newsletter – July 17 to 21, 2017

Chennai Real Estate

The shift to the new realty regulatory framework, RERA is expected to apply brakes on the new project launches and increase working capital requirements of developers, thus creating pressure on their operational performance during this fiscal, reported rating agency ICRA.

21 states and UTs notify RERA rules

A top government official has informed that a total of 21 states and union territories have notified the final rules of the Real Estate Regulatory Act (RERA). However, only two states have formed a permanent RERA authorities so far, he added. Read more

Godrej Garden City awarded IGBC – GRS Platinum Certification

Godrej Properties Limited (GPL), one of the India’s leading real estate developers, announced on Friday that Godrej Garden City (GGC), its township project in Ahmedabad, has received the Indian Green Building Council Green Residential Society (IGBC – GRS) Platinum Certification. Read more

Massive investments to drive India Logistics Real Estate growth

Although India is down the rungs on the Logistics Performance Index (India stood 35th among 160 countries in World Bank’s 2016 study) in comparison to some of the top regional markets, launch of GST and huge investments from global players will help the sector grow manifold.

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[Source”timesofindia”]