Smaller "Tier II" cities are driving real estate growth in the country.

Towns such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur are experiencing the initial phase of rapid economic growth in an industry growing at more than 30 per cent per annum. This order of growth is shifting the focus of investors and developers to the relatively smaller cities and hence there is likelihood of such emerging cities leading the transformation of the Indian real estate sector.

A survey was conducted among leading institutional investors. The survey reveals that close to 80 per cent of the respondents believe that India as an excellent investment destination in the short to mid term of 3 to 5 years in comparison to other Asian markets such as China, Vietnam, Indonesia, Malaysia and Thailand. More than 50 per cent of the respondents believe that high growth trajectory of 25 per cent year on year growth will continue for 2-3 years, with 15 percent believing that the trend will continue for more than 5 years.

In the next three years, India's realty sector will witness a combined investment of $5 billion, more than 50 per cent respondents said. Around one fifth of the respondents say that the investment could go up to $20 billion. Interestingly, these respondents feel that logistics and warehousing infrastructure will be their preferred asset class for investment. The real estate sector is witnessing growth and attracting immense amount of interest from developers, consumers, investors in India and abroad.
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  • Bhopal: Real Estate Booming!

    Quite interestin...

    I found an article which described the potential of Bhopal as far as real estate is concerned...

    It mentions the places in the city which will see a real estate price hike.

    Quite interestin...

    U can check out the article..its titled... Untapped potential, Bhopal

    Thanks.

    Armaan!
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  • Wildlife board nod to NH-73 four-laning
    Tribune News Service

    Yamunanagar, March 2

    The State Wildlife Board (SWLB) has approved the four-laning of 105-km stretch of National Highway-73 from Yamunanagar to Panchkula.

    The 19.21-km stretch of the NH-73 falls in the Khol Ki Ratan Wildlife Sanctuary and within the eco-sensitive zone (ECZ) of the sanctuary.

    The stretch is a major roadblock in the execution of the project as one of the two toll plazas falls in the ECZ of the said sanctuary. The concessionaire has to procure loan to make the highway against the toll plazas and the banks have reportedly denied granting loan.

    “Granting the approval to the stretch of the NH-73 falling in the sanctuary area, the Haryana Government has proved that it is not biased against any area of the state,” said Satpal Kaushik, a senior Congress leader.
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  • Rs 31.25-cr land scam surfaces in Jind
    Parvesh Sharma
    Tribune News Service
    Jind, January 7

    With progress in investigation, SC society land scam in Jind district is getting bigger. Authorities have now detected fraudulent sale of around 125 acres of land worth Rs 31.25 crores in five villages.
    The land was allegedly sold in gross violation of society norms to private persons by revenue department officers in connivance with their senior authorities. Jind DC has started investigation in the land allotted to all 80 SC societies in the district after a land scam worth Rs 12 crore was detected on December 31 in Deedwara village of district.
    Sources say several years ago, government had allotted land to Schedule caste (SC) societies formed at village level. Heads of below poverty line (BPL) families were made members of the societies. The society members could not sell the lands of their societies and they had only cultivating rights. Though they could not sell the lands of their societies to other persons, they could pass the possession of their allotted lands to the next generations. In Jind 80 societies were allotted 3,338 acres of land by the government.
    But after detecting the Deedwara land scam, Jind DC Ajit Balaji Joshi started investigation. During the probe, the DC has detected fraudulent sale of total worth Rs 31.25 crores of land to private persons.
    “We have started investigations and would verify record of all societies. Till date we have detected the sale of around 125 acres. We would conduct a thorough investigation of all 3,338 acres allotted to all 80 societies. If any society has sold land to private persons, we would lodge complaint with police authorities for registration of fraud cases” said the Deputy Commissioner.
    He confirmed that the role of five Naib Tehsildars — Sukhbir singh, Subhash and Mahinderpal, all working, and Mahinder and Lachman Das, retired, — has come under scanner for their alleged role in the sale of the society lands.
    The sources informed that the names of some senior officers of revenue department and area politicians may also come under scanner as the sale of the society land was not possible without their involvement.
    Fraudulent sale
    The government had allotted land to Schedule Caste (SC) societies
    The society members could not sell the lands. They had only cultivating rights
    In the last week of December 2014, after detecting a land scam at Deedwara village, Jind DC started investigation
    During the probe, fraudulent sale of around 125
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  • SALE DEED OF SHAMLAT LAND
    Cops book retired naib tehsildar

    Shiv Kumar Sharma
    Yamunanagar, January 7

    The Chhachhrauli police have booked a retired naib tehsildar for registering the sale deed of two acres and 14 marlas of shamlat (panchayat) land of Malakpur Khadar village in the name of a woman of Ghadhauli village. The land on National Highway-73 A is highly valuable.
    Deputy Commissioner SS Phulia has also written to Additional Chief Secretary, Revenue Department, to take departmental action against present Chhachhrauli naib tehsildar Jodha Ram in the case.
    According to information, Bir Singh, Ramesh Chand, Jasbir Singh, Fakir Chand, Satpal and Rameshwar Das of Malakpur Khadar village sold 16 kanal and 14 marla shamlat land to Charanjit Kaur of Ghadhauli village. Chhachhrauli naib tehsildar Randhir Singh got the sale deed of the said land registered in the name of Charanjit Kaur on July 26, 2010. The mutation was also entered in revenue record on August 5, 2010.
    Charanjit Kaur is learnt to have sold the land to a woman, Khurshida. Current naib tehsildar Jodha Ram got the sale deed registered in the name of Khurshida on March 25, 2014. However, when Khurshida went to the patwari to get the mutation of the land done, he refused to enter the mutation saying it belonged to the panchayat.
    In a letter to the Additional Chief Secretary, the DC said Jodha Ram registered the sale deed on the basis of the old deed, but didn’t verify the revenue record. Thus, he committed negligence while performing his duty.
    Sources added the Chhachhrauli BDPO had also filed a case before the Collector (DC) for cancellation of the above-said sale deed under Section 13 A of the Punjab Village Common Land Act. The collector is reported to have granted stay for further sale of the land.
    SHO Sheeshpal Walia said a case under Sections 420, 467, 468, 471 and 120 B of the IPC was registered.
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  • Nearly 16, 500 houses in the Uchana Kalan division have been drawing power through “kundi” connections for several years.
    Sources said consumers drawing power illegally lost their connections many years ago after they refused to pay their bills. “The Haryana Government has been increasing the power tariff every year without giving adequate subsidy to poor farmers, who are ready to pay only the genuine amount and not the uncalled-for increase in rates,” said Ranvir Singh, a farmer from Chhatar village.

    Read more at:

    16,500 houses in Uchana Kalan draw power illegally
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