Realty News Roundup: Builders' Association Demands Inclusion Of Private Sector Under Land Act; Bharti Group To Build New Residential Project in Surajkund

Realty News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

Builders' Association of India (BAI), after a meeting of its managing committee, has demanded that private sector projects be included under the Land Acquisition Act. The association, which is celebrating its platinum jubilee this year, has also stated that private sector participation is essential for the success of the central government's recently launched schemes such as smart cities. Read here.   

Entering into the residential segment, Bharti Realty has announced it will build India's first vertical smart residential community with a combination of high quality construction and technology solutions in Surajkund. The company, which is a subsidiary of Sunil Bharti Mittal-led Bharti Enterprises, has tied up with Eros Group for this project. This report on NDTV Profit states that the project will develop over 2,000 apartments covering about 5.2 million sq ft of area.

In yet another development, Saya Group has raised Rs 200 crore from private equity firm Edelweiss to finance its group project Saya Homes in the national capital region. With this, the group is reported to focus on focus on execution of current projects in order to ensure timely delivery of their under construction projects. Read here.

Also, Tata Projects Limited (TPL), the engineering procurement and construction (EPC) services firm of the Tata group, has clinched an investment of Rs 335 crore from Tata Opportunities Fund, the investment arm of the Tata Group. TPL, which has a total turnover of Rs 3,444 crore, is reported to utilise this fund for the company's expansion. Read more.

Off the front page

Moneycontrol.com has published a special report that reveals that the Indian real sector is becoming more attractive. The report cites the entry of big corporates into the market as one of the main reasons for it. Read here.

A proud moment for the real estate companies in India. Leading real estate player, Ashiana Housing Ltd has been conferred the Corporate Social Responsibility (CSR) award instituted by Federation of Indian Chambers of Commerce and Industry (FICCI). Ashiana, also known as pioneers of senior housing, won this award as a recognition to its social initiatives in Skill Training, Education and Women Empowerment. Read here.

Opinion

With the rising demands for new homes in India, experts are trying their best to reach out to new home buyers to give their advice. Read a piece from Tanuj Shori, Co-founder and CEO, Square Yards. 

With the real estate sector fast expanding due to new government policies, schemes and entry of big corporate players, Indian students are now attracted to courses that would reap benefit out of this boom. A classic example for this is the rising interest in architecture as a profession. Dr. Sudhakar K, faculty of architecture at the Jawaharlal Nehru Architecture and Fine Arts University (JNAFAU), has some advice to those students. Read here.