Urban Rental Housing Policy

Signature Global to launch housing projects worth Rs 13k cr by March: CMD

Realty firm Signature Global will launch multiple housing projects with a revenue potential of around Rs 13,000 crore by March next year to expand business and encash strong demand. Signature Global Chairman Pradeep Kumar Aggarwal said, "We have launched one housing project worth around Rs 3,000 crore in the first quarter of 2024-25. We have a strong launch pipeline for the remaining three quarters". "We are looking at launching more housing projects in Gurugram, Manesar and Sohna belt. These upcoming projects will have a revenue potential of around Rs 13,000 crore," he added. Gurugram-based Signature Global, which got listed on the stock exchanges last year, is one of the leading real estate developers in the country. Asked about the execution of projects, Aggarwal said the company is focusing a lot on the timely delivery of projects. "We will invest around Rs 2,500 crore this fiscal on the construction activities," he said. On sales performance, Aggarwal expressed confidence th

Updated On : 14 Jul 2024 | 1:12 PM IST

Rise in unauthorised constructions amid flaws in urban housing policies: SC

Observing that urbanisation policies have flaws, the Supreme Court has said one of the main reasons for spurt in unauthorised constructions is the government's failure to provide people with affordable houses. Acknowledging that the right to have a roof over head is a fundamental right, the top court said there is a huge gap in the policies between the requirements of the economically weaker sections and what the government was doing at the ground level. The observations by a bench of Justices Sanjiv Khanna and Dipankar Datta came while hearing a case relating to demolition of commercial and residential units in Lucknow's Akbar Nagar where it imposed an interim stay on demolitions. "Let us be clear on housing. There's a difficulty. Our urbanisation policies have flaws. Really speaking, we have not provided for economically weaker sections. Somewhere, we will have to ensure Everyone knows that migration takes place to the cities. But there is a huge gap in the policies between the ..