The Pradhan Mantri Awas Yojana (Urban) programme being run by the Ministry of Housing and Urban Affairs (MoHUA) has so far achieved an important milestone of delivering 35 lakh houses while 67 lakh houses have been grounded, informed Hardeep Singh Puri, MoS, I/C, MoHUA and Ministry of Civil Aviation (MoCA) in his address through a…
Housejoy, an interiors, home maintenance, renovation as well as tech-driven construction firm, aims to tap into the Indian home construction market with an eye over the reconstruction of old homes, besides large commercial projects. The founder and CEO of the company Sanchit Gaurav said that the Indian home construction market is witnessing significant growth particularly…
Under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G), the rural housing scheme under the ‘Housing for all’ programme, the government has targeted to complete construction of 2.95 crore houses by 2022. The Rural Development Ministry has released a statement according to which the beneficiaries under this scheme will be selected through a three-stage validation…
Just ahead of its IPO, Mindspace Business Parks REIT has successfully raised Rs 1,578.74 crore. Owned by Blackstone and K Raheja Group, this REIT has proposed to raise over Rs 4,500 through its upcoming IPO. Under its REIT portfolio, Mindspace has 295 lakh sqft of office space located across Pune, Mumbai, Hyderabad, and Chennai. Out…
Finance Minister Nirmala Sitharaman convened a meeting to review the performance of Special Window for Affordable and Mid Income Housing (SWAMIH) in which concerned officials and senior management of the State Bank of India, SBICAPS Ventures Limited, and SBI Capital Markets participated. The FM appreciated that there is an increase in the number of projects…
The Uttar Pradesh Government has come up with a notification to acquire 48 acres of land and to relocate over 3,600 people expected to be affected by the setting up of Jewar International Airport. With this, a major hurdle in the way of this airport is over, and its construction will now be expedited. It…
Government Accommodation allotees of General Pool Residential Accommodation (GPRA) category have been given additional 15 days relaxation by Ministry of Housing and Urban Affairs (MoHUA) in their retention period till 15th July in view of the rapid spread of COVID-19. Earlier the retention period was extended till June end. The Ministry’s decision has come after…
Finally, there is good news for all those beleaguered homebuyers who invested in Amrapali Group’s different housing projects in NCR over a decade back but unfortunately, those projects got stalled for years. Later, the state-run National Building Construction Corporation Limited (NBCC) took over these projects to construct and deliver these to the homebuyers. NBCC has…
All the three industrial development authorities- Noida Authority, Greater Noida Authority (GNIDA) and Yamuna Expressway Authority (YEIDA) have been asked by the UP Government to reduce interest rates on land dues of builders in the wake of COVID-19 crisis. Developers body NAREDCO and CREDAI have hailed the move as it will help relieve the builders…
While the homebuyers have already been a harried lot due to salary cuts and job losses on the back of economic unrest created by COVID-19, the recent extension provided to the developers have added further woes in the form of additional interest burdens. In view of this, Forum for People’s Collective Efforts (FPCE), a pan-India…
