logo
NAREDCO's ‘Best Residential Layout Award' to APN Hill View

NAREDCO's ‘Best Residential Layout Award' to APN Hill View

The Hindu29-05-2025

APN Properties, a real estate developer based in Mysuru, has been awarded the 'Best Residential Layout Award' by the National Real Estate Development Council (NAREDCO) for its 'APN Hill View Layout', located near the scenic foothills of Chamundi.
The award was presented at a ceremony held recently in Mysuru. NAREDCO national president G. Haribabu conferred the award to A.P. Nagesh, partner at APN Properties, and P. Nanjundaswamy recognising the residential layout development. A panel of civil engineering experts from Mysuru had reviewed various layout projects in the region before selecting the winner.
K.M. Munigopal Raju, managing director of Chamundeshwari Electricity Supply Corporation attended the event as the chief guest.
Former MUDA chairman and former MLC D. Made Gowda, NAREDCO Mysuru Chapter president V.C. Ravikumar, and other dignitaries and professionals from the real estate and urban planning sectors were present.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Realtors' bodies Credai, Naredco expect at least 25 bps cut in repo rate to boost housing demand
Realtors' bodies Credai, Naredco expect at least 25 bps cut in repo rate to boost housing demand

Time of India

time2 days ago

  • Time of India

Realtors' bodies Credai, Naredco expect at least 25 bps cut in repo rate to boost housing demand

Realtors' apex bodies CREDAI and Naredco expect at least 25 basis points reduction in repo rate by the RBI on Friday and said it will help a lot in increasing demand for residential properties. The RBI's rate-setting panel started its three-day brainstorming on monetary policy on Wednesday, and Governor Sanjay Malhotra will announce the decision on the key benchmark lending rate on Friday morning. "We are expecting 50 basis point reduction in repo rate. This will boost housing demand to a great extent," CREDAI National President Shekhar Patel told PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experts Shocked At This New Hearing Aid Smartek Learn More Undo He said there should be at least 25 basis points cut. "Housing demand in the last three months has been a bit slow. So, the rate cut will help immensely in improving the sales," Patel said. Live Events The RBI reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6 per cent. Naredco's National President G Hari Babu said the real estate sector always keeps a close watch on the RBI's monetary policy, as it has a significant impact on housing demand - both directly and indirectly. "In the current economic environment, where inflation is largely under control and macroeconomic indicators are showing stability, a reduction in the repo rate would be a timely and positive move. It would provide much-needed relief to both homebuyers and developers by lowering borrowing costs and easing liquidity," he said. The Naredco President noted that real estate is a vital driver of the economy, with linkages to over 200 sectors from cement and steel to furniture and furnishings. "Therefore, a cut in the repo rate will not only boost housing demand but also spur overall economic growth and generate large-scale employment," said Hari Babu. According to an assessment by the RBI, in response to the 50-basis points cut in the repo rate since February 2025, most of the banks have reduced their repo-linked external benchmark-based lending rates (EBLRs) and marginal cost of funds-based lending rate (MCLR). Housing loan outstanding has increased to Rs 30 lakh crore as on April 18, 2025, from Rs 27.41 lakh crore year-on-year, according to the latest RBI data. On expectations from monetary policy, Sterling Developers CMD Ramani Sastri said the real estate sector is hopeful for a further rate cut as it would be highly encouraging for homebuyers and developers alike. Dhruv Agarwala, Group CEO of said there is a strong case for 25 basis points rate cut. "...For the housing sector, lower home loan rates would enhance affordability and sustain demand- particularly critical at a time when we are witnessing early signs of demand tapering and developers pulling back from the affordable housing segment due to rising input costs," Agarwala said. Bengaluru-based realty firm Sanjeevini Group Chairman and Founder, Umesh Gowda H A said home loan interest rates have dropped below 8 per cent in some banks, which is a good sign of timely transmission of two repo rate cuts by the RBI. "We expect another 25 bps cut in repo rate and hope that more banks quickly pass on the benefit to borrowers," he said. This will provide a much-needed relief to not just existing homebuyers in the form of reduced EMI but also those who have been postponing their decision to buy a home, Gowda said. Ashok Kapur, Chairman of Krishna Group and Krisumi Corporation, said, "The RBI had adopted an accommodative stance in its previous policy review meeting, and it is expected that we will again see a cut, giving further relief to the various sectors of the economy." Garvit Tiwari, Director & Co-Founder of InfraMantra, said a cut in interest rate will give a spur to housing demand and encourage new entrants to make real estate purchases. Realty firm Sikka Group MD Harvinder Sikka expects a rate cut to boost consumer sentiment.

NAREDCO's ‘Best Residential Layout Award' to APN Hill View
NAREDCO's ‘Best Residential Layout Award' to APN Hill View

The Hindu

time29-05-2025

  • The Hindu

NAREDCO's ‘Best Residential Layout Award' to APN Hill View

APN Properties, a real estate developer based in Mysuru, has been awarded the 'Best Residential Layout Award' by the National Real Estate Development Council (NAREDCO) for its 'APN Hill View Layout', located near the scenic foothills of Chamundi. The award was presented at a ceremony held recently in Mysuru. NAREDCO national president G. Haribabu conferred the award to A.P. Nagesh, partner at APN Properties, and P. Nanjundaswamy recognising the residential layout development. A panel of civil engineering experts from Mysuru had reviewed various layout projects in the region before selecting the winner. K.M. Munigopal Raju, managing director of Chamundeshwari Electricity Supply Corporation attended the event as the chief guest. Former MUDA chairman and former MLC D. Made Gowda, NAREDCO Mysuru Chapter president V.C. Ravikumar, and other dignitaries and professionals from the real estate and urban planning sectors were present.

Sustainable Luxury: The Rising Demand for Eco-Friendly Homes in India
Sustainable Luxury: The Rising Demand for Eco-Friendly Homes in India

Fashion Value Chain

time20-05-2025

  • Fashion Value Chain

Sustainable Luxury: The Rising Demand for Eco-Friendly Homes in India

Sustainability and green building practices have become essential pillars of the real estate industry. With growing environmental awareness, homebuyers are increasingly prioritizing eco-friendly living, prompting developers to lead the transition toward sustainable construction. This shift reflects a broader trend where luxury is no longer just about grandeur but also about sustainability, wellness, and long-term value. By integrating resource-efficient materials, energy-saving technologies, and environmentally responsible designs, developers are not only minimizing ecological impact but also enhancing the well-being of residents. SKA Group redefines luxury with IGBC-certified green homes rooted in sustainability and innovation A joint report by Resurgent India and NAREDCO projects substantial growth in Indias green buildings market, expected to contribute USD 39 billion (Rs. 3.2 lakh crore) by 2025. This surge underscores the increasing focus on sustainable construction, with eco-friendly buildings gaining a greater share in new developments. Besides, sustainable luxury housing is gaining traction across key urban centers and emerging markets in India. The NCR region, including Gurugram, Noida, and Delhi, remains a prime hub for eco-friendly luxury developments. Developers in these cities are dedicated to crafting quality projects, each underscoring their environmental stewardship and social responsibility. With sustainability as their core philosophy, the projects boast numerous features, driving the green building revolution. Among the leaders driving this green revolution is SKA Group, with its unwavering commitment towards sustainable development. The group integrates eco-friendly practices in every aspect of its projects, making sustainability its core philosophy. SKA Green Arch in Sector 16B, Greater Noida West, is an IGBC Gold Pre-certified development, integrating resource reduction, recycling, and reuse principles, and embodying the Greenarch concept. The project features 8,241 sqm of green space, enhancing biodiversity and well-being. Other developments, including SKA Metroville and SKA Divya Towers, contribute 7,676 sqm and 5,803 sqm of green areas, respectively, underscoring SKA Group's commitment to eco-friendly living. Additionally, upcoming projects such as SKA Destiny One will introduce 13,675 sqm of green space, further enriching the environment. Water conservation is another priority for SKA Group. Over the last two years, the group has implemented advanced sewage treatment plants (STPs) and recycled and treated 454.22 million litres of water. This initiative has had a major impact on reducing freshwater consumption across its projects, ensuring water resources are used more efficiently and responsibly. In addition to water, energy, and green area developments, the group's commitment to environmental sustainability extends to oxygen generation through tree plantation. The group has generated 4,515 cubic meters of oxygen through tree-planting initiatives across its projects. These efforts not only improve air quality but also contribute to a greener, healthier living environment for residents. Moreover, the growing demand for sustainable luxury homes is driven by multiple factors. Eco-conscious buyers, particularly affluent homebuyers, are increasingly prioritizing green living and energy-efficient residences. Government policies and incentives, including green building regulations, tax benefits, and sustainability mandates, are further encouraging the adoption of eco-friendly construction. According to Savills report, 'Sustainable Real Estate: Strategies and Practices', in India, over 7,000 IGBC green-certified projects account for an estimated total built-up area of 1,370 million sq. ft. across various states. The data highlights the industrys commitment to reducing environmental impact and advancing sustainability in the sector. Within this growing movement, SKA Group curates IGBC Certified projects and promotes green living through eco-friendly materials that enhance both the developments sustainability and luxury. Their projects are well-equipped with initiatives such as sustainable construction practices, green building methods, waste reduction strategies, sewage treatment plants, rainwater harvesting, solar systems for basement lighting, and electric vehicle charging units, which reduce their carbon footprint while maximizing efficiency. Thus, the luxury housing landscape in India is undergoing a transformation as buyers increasingly prioritize sustainability alongside exclusivity and comfort. This evolving mindset is driving developers to integrate eco-friendly innovations, ensuring long-term environmental and economic benefits. In the coming years, sustainability will not just be an added feature but a defining element of premium housing, with green certifications, smart technology, and resource-efficient designs becoming standard. As awareness and regulations continue to strengthen, the future of luxury real estate will be shaped by a seamless blend of opulence and responsible living.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store