HUDCO
On Tuesday, the Housing and Urban Development Corporation (HUDCO) seized a Noida plot which belonged to Vikram Bakshi’s flagship company, Ascot Hotels & Resorts. The plot seized by HUDCO is Vikram Bakshi’s 18,600 square metres property in Noida. About the reason that led to the confiscation of the plot, HUDCO officials said that Bakshi’s firm [...] Continue Reading »
India will celebrate its 75th independence day in 2022 and Narendra Modi has a dream to fulfil for every Indian family by then. To fulfil this ambitious housing target by 2022, even before the Govt is formed and the portfolios are divided, the Modi team is busy to chart the urban and rural India initiatives. [...] Continue Reading »
Chief Minister of Jammu and Kashmir, Omar Abdullah laid the foundation of the first integrated vertical housing colony at Bemina in Srinagar. The building is to be constructed by the Srinagar Development Authority (SDA). The approximated project cost for the housing colony is being pegged at Rs 200 crore with the financing of Housing and [...] Continue Reading »
Housing and Urban Development Corporation is coming up with a new housing scheme, where low rank government employees can own a house for themselves. The state authority is in negotiation with the government agencies in Andhra Pradesh, Maharashtra, Punjab and Karnataka for its new Rent-to-Own scheme. Before the scheme is launched, a government agency will [...] Continue Reading »
Element Capital, a real estate-focused private equity firm is in the process of launching a billion-dollar fund. They are planning to invest the amount in low-income housing, as it looks to take advantage of a revive property market. According to fund manager, the Element value Housing Fund is expected to launch by this August, has [...] Continue Reading »
New Delhi- Housing and Urban Development Corporation Ltd (HUDCO) has planned to raise around Rs 5,000 crore. In this regard, the corporation will launch a public issue of tax-free bonds next month. The fund raised will be used for funding low-cost housing and urban infrastructure projects. Investments up to Rs 10 lakh falls under retail [...] Continue Reading »
The government has decided to raise the amount on annual income for Economically Weaker Sections (EWS) and Lower Income Groups (LIG) to get the benefits of housing scheme. The income declared for EWS have been raised to Rs 1 lakh from Rs 60,000 and for LIG it has been raised to Rs 2 lakhs as [...] Continue Reading »
As we all know Guwahati and Greater Noida are growing in terms as hot realty spots in India and very soon they will be property buyer’s favorite destinations. To prove the same Kamrup Housing Projects, a real estate developer will be investing Rs 220 crore to develop two housing projects at Greater Noida and Guwahati. [...] Continue Reading »
As Bangalore has been witnessing many slums in the city, BBMP is planning to take an initiative to do away with it. The Bruhat Bangalore Mahanagara Palike (BBMP) has planned to take Housing and Urban Development Corporation Limited (HUDCO)’s help to make a slum free city. BBMP had meeting with HUDCO officials and came to [...] Continue Reading »
Soon the age old delayed riverfront is set to open for the citizens and developers for projects. Ahmedabad Municipal Corporation (AMC) had set a project on the 3.5 km stretch called Sabarmati Riverfront Development Corp. Ltd (SRFDC), 14 years back. After much wait, it has been opened again for real estate development, urban infrastructure, public [...] Continue Reading »
