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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SVAMITVA to provide ownership rights to rural households through property cards

Emerging as a powerful tool to provide record of rights to rural households across the country, the Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) yojana launched by the Prime Minister Narendra Modi is set to bring in historical changes across the villages of the country. Under this scheme, property cards […]

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Pandemic hit homebuyers in UP can go for one-time settlement till year-end

Giving a major relief to the COVID-19 hit homebuyers in Uttar Pradesh, the state government has extended the one-time settlement scheme for allottees till December 31, 2020.  Earlier the scheme had ended last month. The development assumes significance as more and more allottees have defaulted on payments which has caused loss of revenue to the […]

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Brookfield REIT aims to raise $600 million through IPO in India

Just after the listing of Embassy Office Parks and Mindspace REITs, the Canadian asset manager  Brookfield is also getting ready for the listing of its REIT in India. Currently, it’s filing the Draft Red Herring Prospectus (DRHP) to initiate the process. Brookfield is expected to raise up to USD 600 million (around Rs 4,440 crore) […]

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Shivraj inaugurates mega flyover connecting Rajasthan to MP

Madhya Pradesh (MP) Chief Minister Shivraj Singh Chauhan inaugurated a 1.420 km long flyover connecting Gwaliar in MP to Dholpur in Rajasthan and dedicated it to the nation amid the presence of Union ministers Faggan Singh Kulaste, Thavarchand Gehlot and Gen (Retd) VK Singh, besides local MPs and MLAs, among others. The flyover has been […]

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