affordable housing scheme
Delhi Development Authority (DDA) is planning 2500 affordable service apartments and the proposal was cleared in an Authority board meeting. DDA has identified four sites where housing complexes for senior citizens will be developed. These apartment units may attract not just pensioners, but richer candidates as well. DDA is talking to banks for Reverse mortgage [...] Continue Reading »
Rao has recently mentioned that the housing scheme which had been made specifically for the poor will now be taken off. Two bedrooms, one hall, one kitchen along with a toilet would be made for the poor. Each of these houses would be costing Rupees 3 lakhs and would take 125 square yards. He also [...] Continue Reading »
Once the BJP came to power, its first declaration was to roll out a housing programme which will be low in cost. The houses are going to be pucca and will definitely be established by the year 2022. Venkiah Naidu who is currently the Union urban development has gone ahead and mentioned that the new [...] Continue Reading »
M H Ambareesh, the Housing Minister had once mentioned on Tuesday that the State Government will now focus on the modalities of the Affordable Housing Scheme. This is where the developers will be given the opportunity to earmark at least 25% of the houses to all income groups who tend to be lower at rates [...] Continue Reading »
Housing Development Finance Corporation (HDFC) raised $300 million via external commercial borrowings (ECB). The amount was raised under the affordable housing scheme of the Reserve Bank of India. ECB loans carry a lower rate of interest and are raised abroad. The RBI has allowed housing finance companies to tap external sources of financing to enable [...] Continue Reading »
The government is planning to encourage the builders to construct more affordable housing projects in Delhi. The Government will raise both the subsidy given to developers, as well as the cost ceiling for construction of affordable apartments in Delhi. The Delhi government has planned to increase the subsidy (capital assistance) from the current Rs 50,000 [...] Continue Reading »
In a press release by the Government of India, The Ministry for Housing and Urban Poverty Alleviation department reported that to create a slum free India, Rajiv Awas Yojana has been launched. The housing scheme will provide financial assistance to States that are willing to assign property rights to slum dwellers and to provide basic [...] Continue Reading »
The government wants to make sure that no funds collected through external commercial borrowing for affordable housing scheme, will not be used by any other projects. The government is working on the implementation of the budget announcements. The project specification guideline rule and the routing of funds are under consideration. Government officials are working on [...] Continue Reading »
Comptroller and Auditor General (CAG) report on a land allotment scam in the state will be tabled in the assembly session today. The scam involved with several cabinet ministers of the state along with Union ministers. Some senior ministers have also been accused of involvement in government land allotment scam. the main objection against the [...] Continue Reading »
The Haryana Housing Ministry has directed the concerned officers to ensure that the allotments of flats and homes, under the schemes of the Housing Board will be done to the eligible beneficiaries. The ministry has also declared that more than 1400 flats will be constructed under the affordable housing scheme in the year 2012-13. With [...] Continue Reading »
