News
IPMSC launches paper for adoption of new global residential standards
The IPMS coalition (IPMSC), which includes RICS, a global professional body that promotes standards and chartered qualification in real estate and construction, has tasked its independent standards committee to draft the new residential property measurement standard.
IPMSC has launched a consultation paper for adoption of new global residential standards. RICS is encouraging more than 100,000 chartered surveyors and property professionals from around the world to extend their expert take on this landmark standard.
The IPMS: Residential Buildings’ is the second in a series of global standards aimed at creating a uniform approach to how property is measured. It follows another step in advancing transparency and consistency across global property markets and follows on from IPMS: Office Buildings
The adoption of such standards would curb disputes related to super built-up area, carpet area and built-up area, which have confused homebuyers in the country for long.
RICS has recommended to the Government for adoption of these new standards for ushering in transparency in the sector.
Sachin Sandhir, Global Managing Director – Emerging Business, RICS, said, “The Government and the industry at large is supportive of these global measurement standards and by adoption of IPMS, Indian market will pave the way for transparency and uniformity across vast regions of India.”
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores