Real estate prices will keep on increasing, until......

says KP Singh, Chairman, DLF, who has been conferred with Padma Bhushan, the highest civilian honor in India

The growth in India takes place to 8-9% gross domestic product (GDP) which personally I believe will happen. Some people it will be at 6-7%, I would say it maybe 8-9% or more but if not this year, it will continue growing because of the fine government. There is highly pro-development government.

Our GDP will increase and the moment GDP increases, demand is going to increase of real estate product.

But the question is are we taking sufficient measures in the urban development scenario.
Both at the State and at the Center level.
To bring major reforms in this sector
by changing our archaic town planning regulation,
changing the land acquisition laws,
bringing around including stamp duties, and
bringing transparency.

All this will lead to an artificial scarcity created by putting a ceiling on floor area ratio (FAR or FSI).
I would say
why a ceiling
and why not allow 500-600 as here in Delhi at some places its 200.
So an attitude change requires to take place then only this supply will increase.
Till the time it increases real estate prices will keep on increasing.
I do not believe they will go down.

To read more, please, visit CNBC-TV18

Related Stories:

1) Wednesday, January 27, 2010
Padma Bhushan Kushal Pal Singh aka KP Singh, Chairman, DLF Limited, says:

2) Sunday, January 31, 2010
Rising real estate prices - RBI expresses concern

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Soon, a land bank for housing

Under Maharashtra government's flagship programme of providing 10 lakh houses in five years, it is creating a land bank of 2,000 hectares in the state. Of this, nearly 100 hectares will be in Pune

"Although it will be a daunting task, we will have to make land available. A part of the land from the MIDC along with the land under the Urban Land Ceiling Act will be earmarked for housing. In Nagpur, the government has already allocated 350 hectares and similar allotment has been done for all metros," an official said.

The houses will be about 500 sq ft or below and will be made available to lower and middle classes in particular through MHADA. The government proposes to develop the houses with the help of private sector.

"They would be given 10-20 per cent of the developed land just as it is done for SEZ." The government had recently announced 2.5 FSI for MHADA schemes.

To read more, please, visit Indian Express

Subscribe for Free!

To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog

For my blogs on real estate projects near Hinjewadi, real estate investment, advertising and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group

Double FSI on all projects undertaken on government land!

Maharashtra government wants to amendment the development control rules of Pune and Pimpri-Chinchwad "without giving the due publicity"!

Real estate magnates and Hot cake:

A major amendment to the development control (DC) rules proposed by the state government, that among other things allows for double FSI on all projects undertaken on government land, has currently caught the fancy of real estate magnates in the city and its copies are selling like hot cakes at the government printing press here.

You can suggest and object till December 19:

The amendment, however, is open to suggestions and objections till December 19. But it is unlikely that many people will ever get to file these objections and suggestions. The notification was not published in any newspaper and nor was it uploaded on any government website, so that the only people who have any knowledge of it are developers who stand to gain the most from its content, sources said. Those who got their hands on the notification have found it is available only in English, so that its nuances still hold a mystery to many. Even Pune Municipal Corporation (PMC) officials feigned ignorance on the notification, when contacted.

No adverse suggestions or objections:

The notification was not given due publicity probably to preempt adverse suggestions and objections that could stall clearance of the notification in its current state, sources said.

Sangali, Miraj and Kupwad too!

Besides Pune, the notification, issued by the urban development department also applies to the neighbouring municipal corporations of Pimpri-Chinchwad and Sangli-Miraj-Kupwad.

Surprise and Shock!

The state government’s decision to offer double the FSI comes as a surprise because a few years ago the PMC had tooth and nail opposed a request to allow a transfer development right (TDR) of more than point four (0.4), saying the city’s infrastructure was not designed to handle such a burden.

(New) Chief Minister of Maharashtra!

Activist Vijay Kumbhar has written to Chief Minister Ashok Chavan demanding that the government withdraw the notification, reissue a fresh one and invite suggestions and objection by publishing the notification in all newspapers, government websites and other sources of public information.
Sakaaltimes

Related Story:

1) 8,000 citizens object to changes made by the state government in the Development Plan for Baner and Balewadi

2) Vandana Chavan reminds Ajit Pawar of his promise to Pune of no changes in land reservations for schools, playground and hospitals

Subscribe for free to receive hot Pune real estate news, views and reviews:

1) Ravi Karandeekar's Pune Real Estate Market News Blog

2) Ravi Karandeekar's Pune Real Estate Investment Blog

3) Ravi Karandeekar's Pune Real Estate Advertising and Marketing Blog

4) Ravi Karandeekar's Pune Real Estate Blog

5) Please, feel free to call me on my mobile +91 98600 44110! I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so i do not charge anything for the first 8 minutes!)

6) Please, join me on Friendfeed, to share news articles, family photos, interesting links and videos and let us discover and discuss information!

Visit Ravi Karandeekar's Pune Real Estate Blog Group and join for free to receive updates of all blogs!

real estate Indian real estate Pune real estate Pune news Pune news Pune real estate news Pune real estate market Pune real estate market news blog Pune real estate blog Pune property blog Pune realty Pune real estate investment Pune real estate marketing upcoming and ongoing real estate projects in Pune current property rates in Pune latest real estate prices Ravi Karandeekar 91 98600 44110 Friendfeed Ravi Karandeekar\'s Pune Real Estate Blog Group Google Groups