Naredco Maharashtra unveils Neral-Karjat unit offering 40,000 affordable housing inventory

Maharashtra chapter of Naredco has announced the launch of Naredco Neral-Karjat unit in the state. Aimed at creation of affordable housing stock of over 40000 homes by 100+ members associated with Naredco Neral-Karjat unit, the move is expected to offer an opportunity to the homebuyers to buy RERA registered affordable properties in Neral -Karjat region located […]

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Slowdown in residential real estate market shows signs of abatement

Real estate sector is gradually emerging out of the clutches of the long prevailing slowdown and the fact has come to the fore through the recent FSR report by the RBI. The FSR report highlights that the residential real estate sector has recovered since the unsold inventory level has come down to a two-year low. […]

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Wave Group unveils luxury real estate project ‘Veridia’ at Wave City, Ghaziabad

Real estate developer Wave Group has launched ‘Veridia’, a luxury real estate project at its Wave City township in Ghaziabad. Spread over 24.47 acres, the project encompasses  Stilt+6 floors of 4bhk and 5bhk skyvillas. Equipped with high-end amenities including home automation the project fulfills green building requirements, besides being based on modern contemporary architectural trends. […]

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NAREDCO visualises positive outlook for real estate buoyed by improving consumer sentiment

Real estate industry leaders gathered on a common platform and brainstormed over the current state of the sector entitled “Reality of Realty investments”, organised by the National Real Estate Development Council (NAREDCO) on a virtual platform. The industry stakeholders attended the webinar with great enthusiasm and exuded optimism that the real estate sector will fully […]

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Govt. of India approves construction of 56,368 New Houses under PMAY (U)

In the recently held 53rd meeting of Central Sanctioning and Monitoring Committee, the government has approved construction of 56,368 New Houses under Pradhan Mantri Awas Yojana (PMAY-U) Mission. The meeting was attended by 11 States/Union Territories. Speaking on the occasion, Ministry of Housing and Urban Affairs (MoHUA) Secretary Durga Shankar Mishra asked the states and […]

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MoHUA begins Socio-Economic Profiling of PM SVANidhi recipients

The Ministry of Housing and Urban Affairs (MoHUA) has launched an initiative of socio-economic profiling of the beneficiaries of the PM SVANidhi scheme to extend the benefits of various central schemes and in the first phase of this programme, 125 cities have been selected. The profiles hence prepared will help in identifying the potential eligibility […]

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Govt secures funding for Delhi-Ghaziabad-Merrut rapid rail project

The government of India has signed a USD 500 million loan agreement with New Development Bank (NDB) for funding its ambitious Delhi-Ghaziabad-Meerut Regional Rapid Transit System  (RRTS) project aimed at providing fast-track connectivity between NCR locations. On behalf of the Government of India, Baldeo Puroshartha, Joint Secretary in Ministry of Finance; Janardan Prasad, Director Ministry […]

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Housing Ministry launches initiatives to enhance quality of life of young children & their families

The Ministry of Housing and Urban Affairs has (MoHUA)launched the Nurturing Neighbourhoods Challenge initiative with the aim to make cities conducive and supportive for young children and their families. A framework of data maturity assessment to assess the data ecosystem of the cities was also introduced by the ministry. It also launched a training program […]

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MoHUA launches a series of incentives under Affordable Rental Housing Complexes scheme

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), […]

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