Special Residential Zones Could Be In Offing

Real Estate Agent with R.B.Eeal Estate

With real estate developers lobbying for special residential zone on the lines of special economic zones, the government has now indeed stated considering their proposal. The ministry of urban housing is of the view that earmarking of land masses in cities and their peripheries for such zones can really boost country's housing stock, provided there are enough regulations in place. The policy makers fear it may not turn out to be a foul real estate play for developers. Also there is major hindrance to convince states in doing so, land being a state subject.


                            Courtesy: - E.T. dt 1st August 2008

Comments (1)

Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor: Commercial, Residential, Leasing, Invest

Doesnt apply in Houston which has no zoning. You can see homes built next to retail centers, bars, office buildings, etc. Here we can knock over a gas station and build a fourplex on the site they they wanted to.

Aug 01, 2008 07:22 PM