Economically Weaker Section
The number of houses part of authority’s annual lottery of affordable houses has been decreasing in Mumbai. The apartments are nearly as costly as last year but are still at a discount the market price. The Maharashtra Housing and Area Development Authority (MHADA) will release at least 814 houses across various income categories this year. [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) which represents the organised real estate developers and builders across the country is seeking a reduction of mandatory provision of reservation of housing units from 15 percent to 5 percent of the total built up area for economically weaker section (EWS) quota. The joint secretary [...] Continue Reading »
Seeing the housing needs of lowing income group and economically weaker section of society, the Tamil Nadu government has declared plans to increase housing supply in these segments. The plans include wide range of urban and rural infrastructure moves which will enhance the housing supply. The Tamil Nadu Housing Board (TNHB) announced to develop over [...] Continue Reading »
Chandigarh- A revision of property tax rates in residential areas in Chandigarh will be performed by the committee of local bodies department. The Municipal corporation had imposed nominal property tax of Re 1 per square yard annually on residential properties having an area above 125 square yard. This amount paid will be restricted to Rs [...] Continue Reading »
New Delhi- Delhi Development Authority (DDA) has passed its budget for 2013-14 which mainly focuses on development of affordable housing projects in its sub-cities and infrastructure development projects, followed by maintenance of green areas, building community centres and multi-storey wedding venues and more. The DDA Budget for the fiscal 2013-2014 was passed on Tuesday at [...] Continue Reading »
Bhubaneswar- Odisha developers are suspicious with the state government’s plan of developing one lakh affordable houses in 10 years. The government had initiated ‘scheme for affordable urban housing in Odisha-2012′ which directs developers to reserve 15 percent built-up space for developing residential units for economically weaker section (EWS) and lower income group (LIG). But the [...] Continue Reading »
Chandigarh- The monthly housing meeting of Chandigarh Municipal Corporation held on January 31, 2013 resulted in elaborated calculation to levy house tax in the city. It proposed imposition of tax as follows- a) For owners having house more 125 sq yd or five marlas or 1360 sq ft area are suppose to pay house tax [...] Continue Reading »
New Delhi- Housing sector is likely to gain infrastructure status with the upcoming Budget. This will boost the sector by providing easy access to funds and consequently increasing the availability of houses. Infrastructure status for the housing is a long pending demand. In 2012, the Ministry of Housing and Urban Poverty Alleviation (MHUPA) pushed for [...] Continue Reading »
Lucknow- The UP Housing Development Board has proposed a new residential project along Shaheed Path near Sultanpur Road, Lucknow. Being spread over 4,524 acres of land, the project, ‘Avadh Vihar Yojana’, is located between Ansal API’s hi-tech township and Utratia station. Of the total area of the project, only 25 percent land is planned to [...] Continue Reading »
New Delhi- The Delhi government has made it mandatory for parents seeking admissions for their children under the Economically Weaker Section (EWS) in private schools to have income certificates. But as per the government rule, one can obtain an income certificate only if the person has an Aadhaar number. It has become a major concern [...] Continue Reading »
