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HUPA

Housing for all by 2022- The dream takes shape in a conclave convened by NAREDCO

Housing for all by 2022- The dream takes shape in a conclave convened by NAREDCO
In New Delhi the Narendra Modi government, chief ministers, top realty honchos, urban planners, private equity firms, bureaucrats and bankers are meeting for a 2 day conclave. They want to come up with a solution to the most annoying of all problems- finding a decent home for all the Indian citizens. This has been a part [...] Continue Reading »

Real estate law should focus on small projects

Real estate law should focus on small projects
The parliamentary panel says that the law should be applicable on the constructions built on 100 sq m area or more. The Standing Committee says that the small projects has been removed from the purview of the Bill where the area of land is less than 1000 sq m or where a building does not [...] Continue Reading »

Affordable housing sector to get infrastructure status

Affordable housing sector to get infrastructure status
The government is to consider giving infrastructure status to the housing sector in order to provide affordable housing to the financially weaker section. A senior official from Housing and Urban Poverty Alleviation (HUPA) said, the proposal has already been taken up with the Finance Ministry and the Reserve Bank of India, and is expecting a [...] Continue Reading »

Real estate bill hard on builders

Real estate bill hard on builders
The real estate bill proposed many provisions, but provisions like penalty and even jail to builders for not fulfilling their promises, are opposed. Even builders are demanding to exclude commercial properties from Real Estate (Regulation and Development) Bill, 2012. Now with interference of Urban Development Ministry, the real estate bill may have these changes which [...] Continue Reading »

PMC to get more funds for housing scheme

PMC to get more funds for housing scheme
Pune- The civic bodies are now able to get more funds intended for homes schemes for the weaker people. The Centre recommended to create a whole new fund scheme intended for low-income communities in order to purchase or construct house. The ministry of housing and urban poverty alleviation (HUPA) made a decision to up-date the [...] Continue Reading »

Government raises annual income bar

Government raises annual income bar
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 »



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