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…
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…
