Andhra Pradesh Government announces reforms to give a boost to real estate sector
4 days, 17 hours ago

Andhra Pradesh Government announces reforms to give a boost to real estate sector

The Hindu  

In a move aimed at revitalising the real estate sector in Andhra Pradesh, the State government has issued orders simplifying the building and layout approval regulations. “The real estate sector had collapsed due to the previous YSRCP government’s mismanagement. However, under the the NDA dispensation, we are focusing on fostering growth and removing obstacles to ensure the State’s overall development.” Key initiatives Referring to the key reforms brought in, Mr. Narayana said the minimum road width requirement in layouts had been reduced from 12 metres to 9 metres. “For the first time in the country, Andhra Pradesh is implementing an integrated single-window clearance system for building and layout approvals to save time of the builders,” Mr. Narayana said.

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Andhra Pradesh Chief Minister Chandrababu Naidu vows to rebuild State, revitalise real estate sector
4 days, 18 hours ago

Andhra Pradesh Chief Minister Chandrababu Naidu vows to rebuild State, revitalise real estate sector

The Hindu  

Growth in the industrial, agriculture, and tourism sectors will help drive growth in the real estate sector too, says Andhra Pradesh Chief Minister N. Chandrababu Naidu. Expressing his strong will to rebuild the State and revitalise the construction and real estate sectors under the ‘Build AP’ initiative, Mr. Naidu highlighted the importance of the real estate sector in giving a …

Real estate regulatory reforms shaping the future
1 year, 2 months ago

Real estate regulatory reforms shaping the future

The Hindu  

For the longest time, the Indian real estate sector remained largely unregulated. To further regulate and monitor the industry and disputes concerning the projects, a state-level Act called the Real Estate Regulatory Authority was introduced. RERA aims to check all the under-construction projects, eliminate unreliable players, maintain quality construction, and bring in stability by reinforcing the industry on key fronts …

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