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…
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…
