Housing and Urban Affairs Ministry has come up with a series of incentives including free FAR, free of cost trunk infrastructure facilities, besides concessional finance of the project under its scheme for Affordable Rental Housing Complexes (ARHC) creation for the poor and urban migrants under Pradhan Mantri Awas Yojana-Urban (PMAY-U), informed the Minister of State(I/C),…
Emerging as a powerful tool to provide record of rights to rural households across the country, the Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) yojana launched by the Prime Minister Narendra Modi is set to bring in historical changes across the villages of the country. Under this scheme, property cards…
Giving a major relief to the COVID-19 hit homebuyers in Uttar Pradesh, the state government has extended the one-time settlement scheme for allottees till December 31, 2020. Earlier the scheme had ended last month. The development assumes significance as more and more allottees have defaulted on payments which has caused loss of revenue to the…
Just after the listing of Embassy Office Parks and Mindspace REITs, the Canadian asset manager Brookfield is also getting ready for the listing of its REIT in India. Currently, it’s filing the Draft Red Herring Prospectus (DRHP) to initiate the process. Brookfield is expected to raise up to USD 600 million (around Rs 4,440 crore)…
Madhya Pradesh (MP) Chief Minister Shivraj Singh Chauhan inaugurated a 1.420 km long flyover connecting Gwaliar in MP to Dholpur in Rajasthan and dedicated it to the nation amid the presence of Union ministers Faggan Singh Kulaste, Thavarchand Gehlot and Gen (Retd) VK Singh, besides local MPs and MLAs, among others. The flyover has been…
The National Capital Regional Planning Board (NCRPB) has sanctioned over Rs 15000 crore loans in projects valued at Rs 31000 crore, informed Durga Shankar Mishra, Secretary, MoHUA while speaking on the occasion of launching Project Management Information System (P-MIS), a major step towards using digital and mobile technology. The step is aimed at improving transparency…
Union cabinet has informed that a draft Operational Guidelines of affordable rental housing complexes together with its framework for implementation has been circulated to implement scheme for affordable rental housing complexes, besides uploading e-copy of the guidelines on the website of affordable rental housing scheme under PMAY-U. It has further issued a model request for…
For the homebuyers stuck in stalled projects, there is a good news as the government has created SWAMIH investment fund (a special window for completion of affordable and mid-income housing) to meet the funding requirements of the stalled projects. Under this special window even those projects are also being considered for funding which have either…
Sighting the adverse situation created by the COVID-19 pandemic, the central government has come up with an advisory for all states and union territories as well as their real estate regulatory authorities with aim to relieve the stakeholders of real estate sector, including the homebuyers. It has advised to treat the pandemic as force majeure…
Despite COVID-19 pandemic, the Ministry of Road Transport and Highways has not stopped development work and it has released Rs 10,339 crore to the developers to expedite the construction of highways and to give a considerable boost to the ‘Atmanirbhar Bharat’ scheme. The ministry is also in the process of releasing another Rs 2475 crore…
