2022-08-23
GURUGRAM: Builders in the city are preferring to develop projects on plots under the Centre’s Deen Dayal Awas Yojana (DDJAY) than construct affordable houses. Although both schemes are intended at building affordable homes for the people, developers are increasingly inclining towards DDJAY for a flurry of reasons, including the lack of a price cap. The developers said affordable housing projects were no longer viable for them because the government had locked the price at Rs 4,200 per sqft.
2022-08-23
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion.
2022-08-23
Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked its rate by 0.50 per cent, and the lowest priced product for the salaried and professional applicants will be 7.70 per cent now, as per an official statement.
2022-08-23
Drone mapping has been completed in 4,582 (40.53%) villages in Rajasthan under the central government's SVAMITVA scheme, which aims to provide 'record of rights' to village household owners possessing houses in inhabited areas, a ministry of panchayati raj data stated. In all, drone mapping has been completed in 1,63,795 villages across the country. States need to sign a memorandum of understanding (MoU) with SoI for implementation of the scheme. So far, 31 states/Union territories have signed MoUs.
2022-08-23
The redevelopment of Dharavi, Asia’s largest slum spread over 600 acres of prime land in Mumbai, will be a big opportunity for slum-dwellers and will also help urban planners, human rights activists and the state government to transform the face of Mumbai city altogether.
2022-08-22
According to UP-RERA, a total of 44,555 complaints were lodged with it which is 38% of the total complaints filed across the country. In all, decision has been taken in 39,709 cases, it said, adding that the task was achieved during the 100th meeting of the authority held recently. Out of the total orders of the authority, 22,890 required compliance from promoters against which 12,228 complainants have filed online requests for execution of orders.
2022-08-22
The Special Window for Affordable & Mid-Income Housing (SWAMIH) fund has approved about ₹90 crore for completion of a stalled real estate project in Meerut. The last-mile funding, which includes ₹75 crore for construction and ₹14.5 crore as contingency fund, will lead to time-bound delivery of houses to 450 home buyers. The project started in 2015 but there has been no work since 2018. Total cost of the project is ₹145 crore, of which almost ₹50 crore has been invested.
2022-08-22
Yamuna Industrial Development Authority (YEIDA) has planned to launch a scheme of 326 residential plots in the Sector 16 area near the upcoming Noida airport. Arun Vir Singh, CEO Yamuna Authority, said the plots are of 120, 162 and 200 sqm sizes. "We have applied for Rera registration and will launch the scheme next week, once the Rera approval comes," he said. The plots are in a prime location since projects like airport, Film City, medical device park, etc., are coming up in the neighbourhood.
2022-08-22
Jammu Development Authority (JDA) is going to develop an integrated smart satellite township for a population of about 50 thousand along Ring Road at Bhalwal. The decision to develop the satellite township was taken in a meeting of the Board of Directors of the JDA under the chairmanship of Dheeraj Gupta, Principal Secretary Housing & Urban Development Department (HUDD).
2022-08-22
People belonging to various nomadic communities including Sansi, Kanjar, Dholi, Bhat and Nat had lived in the slum area close to the national highway for nearly 25 years, according to Bikaner collector Bhagwati Prasad Kalal. According to the collector, instead of forcibly removing the slum dwellers from the encroached area near the national highway, they have been rehabilitated by the district administration.
