IFC
The Comptroller and Auditor General (CAG) has revealed in a recent report sent to Lieutenant Governor’s office that the Sheila Dikshit-led Congress government did not provide the much-claimed basic services in 895 unauthorized colonies in Delhi before legalizing them. Though the provision of basic facilities to illegal colonies in the capital was one of the [...] Continue Reading »
An objection is filed against Lafarge Suma Cement’s ,land acquisition and limestone quarrying operation close to villages of Shella and Tynger in Meghalaya is been assessed by the compliance advisor/ombudsman (CAO). According to an independent recourse mechanism for projects supported by the World Bank Group i.e. CAO, last year in January, a complaint was filed [...] Continue Reading »
Aadhar Housing Finance Ltd announced launch of its operations in Gujrat. The company will provide housing finance to the lower income segments whose monthly income is between Rs. 5,000 and Rs. 25,000. Currently, the company operates in seven states. Kapil Wadhawan, Chairman informs that it has begun operations in Gujrat with nine branches. Adhar housing [...] Continue Reading »
Due to the political turmoil in the city over the past two months, the development work in the 1,000-odd regularized colonies has almost come to a standstill in the Capital. The work to provide the basic amenities to Lakhs of people of living in these colonies had been initiated in late 2012 and early 2013. [...] Continue Reading »
International Finance Corporation (IFC) is strengthening its affordable housing team in India. Senior investment and property development managers and green specialist from its global office are expected to join the Indian arm by August. The low-cost housing initiative is currently headed by Subrata Dutta Gupta who was earlier involved in IFC’s housing finance business. It [...] Continue Reading »
