Realty News Roundup: Govt Plans Incentives To Push Housing For All; SBI Life Buys Office Space For Rs 140 Cr In Navi Mumbai

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

Top News

To boost investments in the housing sector, the Centre has planned to provide tax incentives to certain real estate projects, a PTI report says. These incentives, which are likely to be announced in the Union Budget for the coming financial year, will give a push to the Centre's housing for all mission. Read more

The Union Environment Ministry has directed state-level green panels to seek all relevant information at one go to ensure speedy clearances in approval of construction and building projects. Read more

Off the frontpage

Taking the 100 Smart Cities Mission forward, the Brihanmumbai Municipal Corporation (BMC) has confirmed the Smart City project will kick start from Lower Parel, The Times of India reported. BMC said in Rs 5 lakh crore of investment is expected in Lower Parel in next five years. Read more

SBI Life Insurance Company has bought 100,000 sq ft office space from L&T in Navi Mumbai for Rs 140 crore, The Economic Times reported. The company might use the space for setting up its IT centre and back office. Read more