Haryana RERA member highlights the need for fiscal discipline
Real Estate

Haryana RERA member highlights the need for fiscal discipline

Sanjeev Kumar Arora, a member of the Gurugram bench of Haryana regulatory authority, stated that no real estate project could fail if developers maintained financial discipline from the outset. Addressing Assocham's National Conference on the Changing Dynamics of Real Estate for Viksit Bharat, he advocated for a reduction in interest rates on home loans to stimulate demand. Arora emphasised, "I believe that if the promoter endeavours to uphold financial discipline from the beginning of the project and maintains a healthy debt-to-equity ratio, no project can fail." He highlighted the real estate sector's role in generating employment opportunities within the Indian economy. Regarding the need for interest rate rationalisation, Arora remarked, "There is a requirement to rationalise interest rates and lending rates, as lower lending rates encourage both investors and homebuyers to participate. Builders are also content delivering projects at minimal costs." Discussing the Real Estate (Regulation and Development) Act (RERA), Arora, a member of HRERA, mentioned that approximately 1,25,000 projects and 75,000 brokers have been registered nationwide since its enactment. Pradeep Aggarwal, Chairman of the National Council on Real Estate, Housing, and Urban Development at Assocham, underscored the sector's critical importance in positioning India as a leading economy. He added that real estate constitutes a market worth Rs 24 lakh crore and contributes approximately 13.8% to the GDP. Vineet Relia, Director of Urbanbriq Development Management Pvt. Ltd., cautioned about a potential downturn in the sector unless the government provides support in terms of affordability in the upcoming years.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Sanjeev Kumar Arora, a member of the Gurugram bench of Haryana regulatory authority, stated that no real estate project could fail if developers maintained financial discipline from the outset. Addressing Assocham's National Conference on the Changing Dynamics of Real Estate for Viksit Bharat, he advocated for a reduction in interest rates on home loans to stimulate demand. Arora emphasised, I believe that if the promoter endeavours to uphold financial discipline from the beginning of the project and maintains a healthy debt-to-equity ratio, no project can fail. He highlighted the real estate sector's role in generating employment opportunities within the Indian economy. Regarding the need for interest rate rationalisation, Arora remarked, There is a requirement to rationalise interest rates and lending rates, as lower lending rates encourage both investors and homebuyers to participate. Builders are also content delivering projects at minimal costs. Discussing the Real Estate (Regulation and Development) Act (RERA), Arora, a member of HRERA, mentioned that approximately 1,25,000 projects and 75,000 brokers have been registered nationwide since its enactment. Pradeep Aggarwal, Chairman of the National Council on Real Estate, Housing, and Urban Development at Assocham, underscored the sector's critical importance in positioning India as a leading economy. He added that real estate constitutes a market worth Rs 24 lakh crore and contributes approximately 13.8% to the GDP. Vineet Relia, Director of Urbanbriq Development Management Pvt. Ltd., cautioned about a potential downturn in the sector unless the government provides support in terms of affordability in the upcoming years.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000