Life-time savings of thousands of homebuyers are stuck in projects of Amrapali Group . Around 46,000 homebuyers invested in several Amrapali projects and most of them have yet not received possession even after more than a decade. However, for the stranded homebuyers of Amrapali Group’s unfinished housing projects in NCR, a ray of hope has…
With an aim to accelerate the adoption of energy efficiency and cost-effectiveness as a standard practice within buildings, Energy Efficiency Services Limited (EESL) has launched the “Healthy and Energy Efficient Buildings” initiative. The activity, launched in association with U.S. Agency for International Development (USAID), on the World Environment Day has been targeted at addressing the…
The Ministry of Housing and Urban Affairs (MoHUA) together with Human Resource Development Ministry (MHRD) has launched ‘Tulip’, an urban learning internship program aimed at offering internships to fresh graduates in 4400 urban local bodies (ULBs) and the smart cities. The launch of this program is considered a significant milestone achieved in the direction of…
Just after the Reserve Bank of India has brought 40bps cut in repo rate, its positive effect has started being felt as major banks have brought down their lending rates. If this downward spiral in lending rates continues, it may infuse positive sentiments in various sectors of the economy including the crumbling real estate sector….
CREDAI MCHI, an apex body of developers recognized by the Government of Maharashtra, has launched an online campaign #ReviveRealEstateReviveEconomy. Emphasising that the recently announced Rs 20 lakh-crore package offers minuscule benefit to the real estate sector in the current lockdown crisis, it has conveyed that the real estate sector supports 250 industries, contributes about 8%…
Surat Municipal Corporation (SMC) has taken a series of IT initiatives to track positive COVID-19 individuals. For this purpose, details of the individuals who have travelled abroad have been collected through the SMC website www.suratmunicipal.gov.in where the travellers or the other individuals have uploaded their self-declaration forms. The SMC is also collecting data of all…
Six cities have been given 5-Star (Ambikapur, Rajkot, Surat, Mysuru, Indore and Navi Mumbai), 65 cities as 3-Star and 70 cities as 1-Star ratings on the basis of the results of the Star Rating of Garbage Free Cities for the assessment year 2019-2020 by Ministry of Housing and Urban Affairs (MoHUA). While making this announcement,…
A webinar organised to discuss the importance of a digital strategy as a new normal to achieve sales for the ready-to-move-in residential segment witnessed the participation of the who’s who of the industry through video conferencing. The panel of the speakers included Vijay Sikerwar – Head of Sales & Marketing at Gurukrupa Group, Digital and…
PNB Housing Finance has announced reduction in interest rates on home loans and and loans against by 15bps for existing customers. The mortgage financer has taken this step to help its customers amid COVID-19 pandemic and to reenergise growth in the housing sector. Irrespective of their base loan amount over 2.35 lakh customers are expected…
The end of the second phase of lockdown has brought good tidings for over 100 projects in NCR which have been in advanced stages of construction but had to meet an abrupt halt. Construction in all these projects has now restarted after getting necessary permissions from authorities. These permissions envisage the fulfilling of various mandated…
