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Showing posts from May, 2021

LIDA’S MASTER PLAN

  LUCKNOW: Lucknow Industrial Development Authority (LIDA) in its board meeting on Wednesday approved master plan for the notified area of LIDA. The notified area covers 45 villages of Lucknow and 39 villages of Unnao. The board was headed by LIDA’s chairman and principal secretary, Infrastructure and Industrial Development, Sanjeev Saran. The notified area has been divided into three zones based on type of land use- township near Lucknow will be developed into a multifunctional zone, township near Nawabganj bird sanctuary will be developed into a tourism zone while the third township near Unnao will primarily be developed into an industrial zone. As per the master plan of notified area, 26% has been allocated for residential development, 21% for industrial use, 20% for green area and 13% for transportation, commercial and mixed land use etc. While township near Lucknow will primarily focus on residential land use, the one near Unnao will be utilized to construct industrial area. T...

INDIA’S TRANSPARENCY RANKING IMPROVES

INDIA’S TRANSPARENCY RANKING IMPROVES Business is set to boom for   real estate consultants  and  property investment advisors  in India as the country’s global real estate transparency ranking improves to 35th, one spot ahead of last year. JLL’s Global Real Estate Transparency Index (GRETI) ranked India one spot higher as various regulatory measures were put into effect, which in turn led to an improvement in the ranking. These include improvement in market fundamentals, policy reforms, and liberalization of FDI. Digitization of property records and industry status accorded to affordable housing has also helped. India has also shown incredible improvement in the latest survey and emerged as one of the top 10 countries to register maximum improvement in transparency in real estate over the past two years. The country has moved up five places over the last two cycles of JLL’s GRETI. “India’s remarkable improvement in the transparency scores across all markets has star...