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…
The Union Cabinet has approved the re-establishment of Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) as Subordinate Office under the Ministry of AYUSH. The PCIM&H will include Homoeopathic Pharacopoeia Laboratory (HPL) and Pharmacopoeia Laboratory for Indian Medicine (PLIM). Both these laboratories are situated in Ghaziabad. PCIM&H is currently established as an autonomous body under…
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….
The Ministry of Home Affairs (MHA) has issued new guidelines related to the re-opening of activities in phases for the areas outside the containment zones as lockdown 5.0 started from June 1. The current phase of the reopening of economic activities has been named Unlock 1. Unlock 1 is focussed on the gradual opening of…
Indian Railways has resumed its partial operations from June 1 with 200 special trains initially. These trains are in addition to already plying 30 special AC trains and a few Shramik special trains. Reportedly, over 1.45 lakh passengers are expected to be travelling from today in all these trains running across the country. Waitlisted passengers…
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…
The real estate sector in India has taken a severe hit due to the disastrous impact of COVID-19. Construction sites across the country are suffering from a shortage of workforce, with the labourers deserting project sites as the ongoing pandemic has forced the country to remain in lockdown mode. Due to supply-side constraints, building material…
