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Tourism's Role in Real Estate Development in Himachal Pradesh

5/6/2025 11:19:00 AM

Himachal Pradesh, renowned for its majestic Himalayan landscapes and serene environment, has witnessed a significant surge in tourism over the past decades. This influx of tourists has not only bolstered the state's economy but has also acted as a catalyst for real estate development. The interconnection between tourism and real estate in Himachal Pradesh presents a compelling narrative of growth, challenges, and opportunities. 1. The Tourism Boom: A Prelude to Real Estate Expansion: The allure of Himachal Pradesh's natural beauty, coupled with its cultural richness, has made it a preferred destination for both domestic and international tourists. In 2023, the state recorded over 1.5 crore visitors, marking the highest number in the last four years . This consistent growth in tourist footfall has created a demand for better infrastructure, accommodations, and amenities, laying the groundwork for real estate development. 2. Emergence of Hospitality Infrastructure: To cater to the growing number of tourists, there has been a notable increase in the construction of hotels, resorts, and homestays. The Himachal Pradesh Tourism Development Corporation (HPTDC) has played a pivotal role in this expansion, offering a wide network of accommodations ranging from premium heritage hotels to budget-friendly options . This surge in hospitality infrastructure has not only enhanced the state's tourism appeal but has also spurred real estate activities in the region. 3. Rise in Second Homes and Vacation Properties: The picturesque locales of Himachal Pradesh have attracted individuals seeking second homes or vacation properties. Areas like Shimla, Manali, Dharamshala and Palampur have become prime destinations for real estate investment, offering breathtaking landscapes and a rich cultural tapestry . The desire to own a retreat in the hills has led to a surge in residential property development, further intertwining tourism with real estate growth. 4. Government Initiatives and Policy Support Recognizing the potential of tourism-driven real estate development, the Himachal Pradesh government has introduced several initiatives to promote sustainable growth. The Himachal Pradesh Tourism Policy 2019 aims to position the state as a leading global sustainable tourism destination, emphasizing eco-friendly practices and community participation . Such policies have encouraged responsible real estate development, ensuring that growth aligns with environmental and cultural preservation. 5. Economic Impacts and Employment Generation: The synergy between tourism and real estate has had profound economic implications. The development of hotels, resorts, and other tourist-centric infrastructures has created numerous employment opportunities in construction, hospitality, and ancillary services. Moreover, the increased demand for local products and services has stimulated the growth of small businesses, contributing to the state's overall economic development . 6. Challenges: Balancing Growth with Sustainability While the tourism-real estate nexus has brought prosperity, it also poses challenges. Overdevelopment in certain areas has led to environmental degradation, straining local resources and infrastructure. For instance, McLeod Ganj has witnessed a surge in hotel constructions, leading to concerns about overbuilding and its impact on the town's cultural and environmental fabric . Addressing these challenges requires a balanced approach that prioritizes sustainable development. 7. Future Prospects: Towards Integrated Development The future of real estate development in Himachal Pradesh, driven by tourism, hinges on integrated planning and sustainable practices. Emphasizing eco-tourism, promoting local culture, and ensuring community involvement can pave the way for holistic growth. Investments in infrastructure, coupled with stringent regulatory frameworks, can ensure that real estate development complements the state's natural and cultural heritage. 8.HPRERA: HPRERA, the Real Estate Regulatory Authority of Himachal Pradesh, directly supports Transparency & indirectly supports tourism by promoting a stable and trustworthy real estate market, which in turn attracts investors and developers, potentially leading to the creation of more tourist-related infrastructure and businesses. By ensuring transparency and accountability in real estate projects, HPRERA helps build confidence in the region as a place to invest, which can benefit the tourism. Conclusion Tourism has undeniably been a significant driver of real estate development in Himachal Pradesh. The symbiotic relationship between these sectors has transformed the state's economic landscape, offering opportunities for growth and prosperity. However, to sustain this momentum, it is imperative to adopt strategies that balance development with environmental conservation and cultural preservation. By doing so, Himachal Pradesh can continue to thrive as a beacon of sustainable tourism and real estate development. INDIA

Bharatmala Pariyojana

5/17/2025 9:35:00 AM

Bharatmala Pariyojana: A Roadmap to India’s Infrastructure Revolution India, a vast country with immense geographical diversity and a growing economy, has long required a transformative approach to its infrastructure planning. Enter Bharatmala Pariyojana, a landmark road and highways development program launched by the Government of India in 2017. This ambitious initiative aims to enhance the efficiency of the country’s road infrastructure, facilitate smoother movement of goods and people, and ultimately boost economic development across the nation. What is Bharatmala Pariyojana? Bharatmala Pariyojana is a centrally-sponsored and funded roads and highways project that focuses on optimizing the efficiency of freight and passenger movement across the country. The program envisions the construction of around 83,677 kilometers of roads over multiple phases, with an estimated investment of ₹5.35 lakh crore in Phase I alone. Unlike earlier infrastructure projects, Bharatmala is not just about building roads—it’s a strategic approach that considers economic corridors, border and international connectivity, coastal roads, and port connectivity, among other critical aspects. Key Objectives of Bharatmala 1. Improved Road Connectivity: Bharatmala aims to connect far-flung regions, especially the North-East, tribal and border areas, and economically backward regions to the mainstream development circuit. 2. Boost to Economic Corridors: The program plans to develop economic corridors across the country, reducing travel time and costs for freight movement, which will significantly improve trade and logistics. 3. Decongestion of Existing Corridors: By building new expressways and bypasses, the project seeks to ease the burden on existing roads, especially the heavily congested Golden Quadrilateral. 4. Linking Rural and Urban Centers: It ensures smoother connectivity between rural production centers and major urban markets. 5. Enhanced Port and Border Connectivity: Bharatmala integrates India’s ports and international borders into the national highway grid, improving strategic and commercial transportation. Phase I Highlights Under Phase I, approximately 34,800 km of highways are being developed. The focus areas include: 9,000 km of economic corridors 6,000 km of inter-corridor and feeder routes 5,000 km of national corridor efficiency improvement 2,000 km of border and international connectivity roads 2,000 km of coastal and port connectivity roads 10,000 km of balance NHDP (National Highways Development Project) works These projects are being implemented through a mix of public-private partnerships (PPP), engineering procurement construction (EPC), and hybrid annuity models. Strategic Significance One of the most compelling aspects of Bharatmala is its geo-strategic importance. Roads being built in border areas, such as those in Jammu & Kashmir, Ladakh, Arunachal Pradesh, and Sikkim, not only facilitate civilian movement but also play a crucial role in national security by ensuring quick troop mobility. Similarly, roads that connect ports to inland manufacturing hubs are expected to give a significant push to Make in India, Sagarmala, and export-led growth. Economic and Social Impact The expected economic impact of Bharatmala is far-reaching: Logistics Efficiency: It aims to bring down India’s logistics costs from 14% of GDP to a global average of 8-9%. Employment Generation: According to estimates, Phase I of Bharatmala is expected to generate 22 million man-days of employment during construction and another 22 million during operation and maintenance. Boost to Real Estate and Commerce: Better connectivity leads to the rise of new commercial zones, industrial corridors, and real estate development along the highways. Reduction in Travel Time and Costs: Enhanced roads reduce vehicle operating costs, travel time, and fuel consumption, resulting in substantial savings. Challenges in Implementation Despite its grand vision, Bharatmala faces several implementation challenges: Land Acquisition: Acquiring land for large-scale road projects often faces delays due to legal, administrative, and social hurdles. Environmental Clearances: Projects, especially in ecologically sensitive areas, require detailed environmental assessments, which can slow down execution. Funding Issues: While the government has tried to diversify funding sources, the scale of the project means constant monitoring of financial sustainability. Coordination Among Agencies: Efficient coordination between central and state governments, along with various departments, is crucial for timely completion. Progress So Far As of early 2025, many stretches under Phase I have been completed or are near completion. Expressways like the Delhi-Mumbai Expressway and Amritsar-Kolkata Economic Corridor are already transforming regional economies. The National Highways Authority of India (NHAI) has accelerated construction pace, using modern technologies such as drones for monitoring and digital dashboards for tracking. Conclusion Bharatmala Pariyojana is not merely a roads project—it is a transformative national movement toward inclusive infrastructure-led development. It represents a crucial link in India's journey toward becoming a $5 trillion economy, ensuring that roads are not just conduits of transportation but enablers of progress, prosperity, and national unity. If executed well and on time, Bharatmala will be remembered as one of the greatest infrastructure revolutions in India's post-independence history—paving the way for a more connected, efficient, and economically vibrant Bharat. INDIA

Spiritualism: Where Faith Meets Peace in a Fast-Paced World

6/11/2025 1:43:00 PM

In the calm glow of sunshine, the soft aroma of morning, and the music flowing gently through the air — lies the true energy of a progressive environment. Such elements nourish the soul, and the people who live in such places deserve celebration. Every moment in these surroundings becomes a source of joy and vitality. Spiritual places, often rooted in centuries of belief, act like magnets. They attract not just pilgrims, but also the intangible forces of freshness, positivity, peace, prosperity, and a deep sense of emotional grounding — something that can only be felt, not explained. It is often said that words never die — they remain suspended in the universe forever. Pilgrims visiting sacred sites come with wishes, gratitude, and prayers. They believe that their hopes will be fulfilled. While fulfillment isn't guaranteed, the essence of faith lies in never losing hope. No amount of brutality or hardship can shake the devotion of true believers. Amarnath Yatra: A Journey of Faith and Spirit The sacred Amarnath Yatra is about to begin, and the energy among pilgrims is electric. These sacred journeys are not only religious but also deeply personal and emotional for millions. Places of worship have always been givers — for devotees, they offer healing and inner peace; for locals, they offer livelihood and opportunity through tourism and small businesses. With increased footfall and commercial activity, the government steps in to develop better infrastructure, ensuring that pilgrims can enjoy and truly live each moment of their spiritual experience. As the saying goes — profit becomes meaningful only when everyone benefits. Faith in the Age of 5G We are living in the age of 5G, artificial intelligence, and rapid digital transformation — yet, paradoxically, our mental health is deteriorating. The faster we move technologically, the more distant we often become from inner peace. Investment in spiritual sites and religious tourism remains a debated topic. Critics, including opposition voices and some intellectuals, argue that such investments are a waste of public funds. They believe it would be better to invest in education and modern infrastructure that directly benefits the younger generation. Undeniably, education is a powerful tool that can transform one’s destiny. But what will education do if peace doesn't exist? After all, we don’t perform the same tasks all day. We don’t function like machines. Life needs pauses, silences, and spiritual nourishment — for some, this comes from prayer, for others, from presence in a peaceful, sacred space. A Personal Truth It is true — not everyone is a theist. Some believe in God, others don’t. But a large number of people, regardless of religious identity, find a calm refuge in spiritual spaces. For them, it's not just about belief, it's about peace, balance, and emotional well-being. Conclusion In a world that's rushing forward, we must not forget to look within. Whether one believes in God or not, places that foster peace and reflection have undeniable value. After all, progress is not just about speed — it’s also about direction. INDIA

LATEST NEWS

Haryana housing board’s future uncertain as state government plans its merger into HSVP

6/16/2025 10:12:00 AM

Chandigarh: Haryana's decades-old public housing mission may soon lose its distinct identity, with the state govt moving forward on a plan to merge the Haryana Housing Board into the Haryana Shehri Vikas Pradhikaran (HSVP).The Housing Board, established in 1971 to provide affordable homes on a no-profit-no-loss basis, has long served economically weaker sections, low-income families, and the lower middle class. But officials confirmed at a recent HSVP authority meeting — chaired by chief minister Nayab Singh Saini — that a full-scale merger is now in the works. The process, however, has been delayed by legal and financial hurdles.Officials pointed out that HSVP cannot absorb the housing board without an amendment to the HSVP Act — a step that requires cabinet approval and endorsement by the state assembly. In addition, the board's extensive inventory and liabilities present logistical challenges. The agency holds more than 10,000 flats and 300 acres of land currently, along with more than ₹100 crore in outstanding dues.Other govt departments will repurpose its headquarters in Panchkula and estate offices across cities, officials said. "A committee has submitted its recommendations on how to handle the merger, including staff reassignments, asset transfers, and pending liabilities," a senior HSVP official confirmed. "The final proposal is now being prepared for cabinet consideration."Since its inception, the housing board has constructed around 1 lakh residential units, serving primarily low-income groups through a lottery-based allotment system. The board continued to operate even after the formation of HSVP (then HUDA) in 1977, receiving small plots in each urban sector for its projects. It also played a regulatory role in private developers' EWS housing obligations.Critics fear the merger could mark the end of genuinely affordable housing in the state. "With HSVP's shifting to auction-based allotment, poor families will be priced out," said Aftab Ahmed, MLA from Nuh and former deputy leader of the state opposition. "Now even the housing board's remaining flats will be auctioned off — the last hope for the poor is being extinguished."While the govet insists the move is aimed at administrative streamlining and resource optimisation, opposition leaders argue it will undercut housing access for those who need it most. The matter is expected to be placed before the cabinet in the coming weeks. Source : Times of India INDIA

Chandigarh administration to enforce mandatory rainwater harvesting in houses of 500 sq yds or more

6/16/2025 10:15:00 AM

Chandigarh: Soon, the Chandigarh administration will start enforcing the mandatory installation of rainwater harvesting systems in residential properties of 500 sq yards or more. To enforce this mandatory clause, the deputy commissioner submitted a proposal to the UT administration to issue a fresh notification regarding the mandatory provision of rainwater harvesting in existing buildings of one kanal and above under the Chandigarh Building Rules (Urban) 2017.As per paragraph No. 35 of the notification dated October 16, 2008, issued by the chief administrator, UT, Chandigarh, "all buildings which are or will be located on plots of one kanal and above shall have rainwater harvesting as per the specifications given by the Administration, and all the existing buildings shall install rainwater harvesting systems to recharge the groundwater within two years from the date of issuance of this notification." However, the said notification was specifically superseded by the Chandigarh Building Rules (Urban) 2017, and after the rules came into force, no such notification was issued by the Administration again to make rainwater harvesting structures mandatory for existing houses of one kanal and above.Nishant Kumar Yadav, deputy commissioner and estate officer, Chandigarh, in the proposal submitted to the UT, said, "It is also mentioned that as per Jal Jeevan Mission for the preservation of rainwater, if rainwater harvesting structures are to be made applicable for existing houses, a separate notification is required... for issuance of the notification with regard to the mandatory provision of rainwater harvesting in the existing building of one kanal and above under the Chandigarh Building Rules (Urban) 2017."BOX1: Only 11% eligible houses covered so farSo far, only 11% of the eligible houses have installed rainwater harvesting systems. Out of the approximately 8,500 eligible residential properties where it is mandatory to install rainwater harvesting, only around 1,000 have installed it. "At the time of passing new building plans, whether for new houses or reconstruction of old houses, the plans are approved only if the rainwater harvesting structures are incorporated," said a UT official.BOX2: DEADLINE FIXED IN 2024 BUT ELAPSEDIn June 2024, the UT administration ordered the installation of rainwater harvesting in buildings where it is mandatory before July 15. A public notice was issued by the then deputy commissioner-cum-estate office, which said, "Residential plots of one kanal and above, residential group housing buildings, hotels, multiplexes/malls, commercial sites (converted from industrial), banquet halls/marriage palaces, timber sites, educational/academic institutions, are required to get the rainwater harvesting constructed, repaired/renovated before July 15." But no action was taken in pursuance of the order as no UT notification in this regard was issued.BOX3: Govt buildingsIn April this year, the UT chief secretary directed that all govt buildings, including schools, colleges, and anganwadis, should be equipped with rainwater harvesting structures (RWHS). It was decided that all govt buildings, schools, and Anganwadi centres in Chandigarh should be saturated with rainwater harvesting structures by November 2025. It was also decided that an advisory be issued to autonomous bodies, such as PU and PGI, and govts of Haryana, Punjab, and Central to construct rainwater harvesting systems on their premises. All existing rainwater harvesting systems shall be geo-tagged.Since the direction, the UT engineering department installed 128 new RWHS in govt buildings, and 84 new ones are being installed.The latest impetus has come following the Government of India launching the ‘Jal Shakti Abhiyan: Catch the Rain 2025' campaign with theme ‘Jal Sanchay, Jan Bhagidari- Jan Jagrukta ki Or' on March 22, 2025, to promote rainwater harvesting. Source : Times of India INDIA

Relief for 4,000 buyers as Noida authority approves co-developer for four Supertech projects

6/17/2025 10:31:00 AM

Noida: Nearly 4,000 homebuyers are set to benefit as Noida Authority board has allowed a co-developer to complete four stalled group housing projects developed by debt-ridden Supertech Ltd in the city.The clearance paves the way for Apex Group to step in and revive The Romano in Sector 118, North Eye and Cape Town in Sector 74, and Eco City in Sector 137.In April, Apex Group submitted a resolution plan before the Supreme Court seeking to revive 16 projects of debt-ridden realty firm, giving hope to over 15,000 homebuyers. The company agreed to clear Rs 678 crore of dues to five banks and around Rs 1,900 crore to Noida, Greater Noida and Yamuna authorities. In the initial phase, the company committed to invest Rs500 crore, with plans to deliver the flats within two years of taking over.Out of 50,962 housing units across the 16 projects, 39,870 have already been sold. Of these, 24,871 have been handed over to buyers, while 14,999 are yet to get possession. An investment of Rs 1,700 crore is required to complete the sold homes, while receivables from these units are Rs 2,200 crore. The final nod from the Supreme Court on Apex's proposal is still awaited.In Feb, the top court had stayed the appointment of state-owned NBCC as the project management consultant for completing the 16 stalled housing projects."For homebuyers, it doesn't matter whether a co-developer or NBCC completes the project—they just want their homes delivered and registered at the earliest," Abhishek Kumar, president of NEFOWA, told TOI. "Money of nearly 10,500 buyers are stuck in these projects. Some have received possession but are still waiting for property registration. Others haven't received their flats at all," he said.Earlier, a section of buyers criticised the stay order on appointing NBCC to complete the stalled projects as an attempt to shield defaulters and escape accountability. They pointed out that Apex has no experience in handling stalled or litigated projects, while NBCC has managed the Amrapali case efficiently.Noida Authority officials, meanwhile, told TOI its approval was based on a policy devised by the Amitabh Kant committee and sanctioned by the UP govt earlier this year. The framework aimed to resolve legacy real estate logjams and deliver long-promised homes.Supertech chairman RK Arora said the four projects that are to be completed by Apex Group are 70-80% complete. "Apex will take over and complete them. We hope Greater Noida and Yamuna authorities will extend similar approvals," he added.Cape Town and North Eye together have 7,000, of which 5,500 have been already handed over to buyers. In Romano, 400 flats have been handed over while construction of 1,500 are pending. Of 1,600 flats in Eco City, 1,400 have been delivered and 200 remain.Satnam Singh Sachdeva, CMD of Apex Group, said his company plans to develop and deliver approximately 15,000 flats across all 16 Supertech projects. "Most of the project work is nearly completed. The remaining construction will resume once we get a go-ahead from Supreme Court," he said. Source : Times of India INDIA

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