Realty News Roundup: Rajasthan Proposes Projects Worth Rs 1,087 Cr Under AMRUT; India's First 24x7 Realty News Channel Launched

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

Top News

Rajasthan becomes the first Indian state to submit its annual action plan for the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). The state government has proposed projects worth Rs 1,087 crore for approval by the Union Ministry of Urban Development. AMRUT was launched in June this year, to focus on offering basic infrastructure services including complete coverage of water supply and sewerage for all urban households. Read more.

NITI Aayog Vice-Chairman Arvind Panagariya has batted for rate cuts. He says that the country needs a rate of 50-100 basis points. This has put pressure on Reserve Bank of India (RBI). Read more.

High Commissioner of Canada Nadir Patel in his meeting with Urban Development Minister M. Venkaiah Naidu said that his country is keen on investing its pension funds in urban development and infrastructure projects in India. An office will also be opened in Mumbai in October. Read more.

Off the front page

With Indian real estate sector being keenly watched by various stakeholders, Times Network has announced the launch of India's first 24X7 property news channel, 'Property Now'. Read more.

Leading Indian real estate developer, Embassy Group, has inked a Memorandum of Understanding (MoU) with the Tamil Nadu government at the state's Global Investors Meet 2015. Under the MoU, the group will develop a 198-acre industrial and warehousing park in Sriperumbudur, 50 km from Chennai, with an investment of Rs 900 crore. Read more.

Opinion

Competition Commission of India (CCI) Chairperson Ashok Chawla in this interview explains the how CCI would be a game-changer, once the real estate regulator is in place. Read here.