Low-income group
During National Real Estate Development Council convention held on 8th December, Chairman and Managing Director of National Housing Bank (NHB), R V Verma announced his thought to support Housing finance institutions by providing a loan of Rs 17,000 crore from July to next year June shortly. Housing finance companies aim to finance individuals’ home loans [...] Continue Reading »
While the government of India forcing leading real estate developers to cater to the needs of buyers of economically weaker section (EWS) through developing affordable housing projects, the developers are concerned about the loss of incentives for being in the business of building affordable houses. Developers claim that there is no difference in the amount [...] Continue Reading »
New Delhi - The city of Delhi will no longer witness a shortage of houses for the poor and the downtrodden as the Delhi Development Authority (DDA) has decided to come up with about 14 lakh houses in five new zones which will be known as urban extensions. The project will begin with a survey which will check the land [...] Continue Reading »
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 »
Edelweiss Housing Finance to introduce housing loans of less than Rs 10 lakh in Madurai. The firm target the low income group and those constructing their own homes in Chennai suburbs and small towns and in Tamil Nadu. The target of the plan is to focus on self employed and small and micro entrepreneurs and [...] Continue Reading »
Karnataka unit of Credai (Confederation of Real Estate Developers’ Associations of India) aims to see the state housing surplus by 2020. Officials state that the developers’ body will dwell upon the issue in Statecon 2012, which will be hosted in Mangalore on August 25. The official source states that Credai wants to provide people in [...] Continue Reading »
The Tamil Nadu Housing Board (TNHB), after finding irregularities in the allotment of flats in its ongoing project at Nerkundram, has planned to reallot them. The All India Service (AIS) officers were allotted with flats under the ‘Own Your Housing Scheme‘. Later the housing board had cancelled 29 flat allotments following allegations that some AIS [...] Continue Reading »
More than 2500 people will get their affordable homes in Mumbai. A total of 1.5 lakh people had applied for 867 houses in Mumbai and 1,726 houses in Mira Road. Flat winners will have to pay 3.09% as VAT and 1% as service tax in addition to the cost of the house. The Maharashtra Housing [...] Continue Reading »
Construction of affordable housing in Delhi will be prioritized by the State Government. In a press meet, the Chief minister of Delhi said that the labour class and the economically weaker sections are the ‘catalyst of Growth’. The Delhi government has provided a sum of Rs 800 crore to the Delhi Construction Workers Welfare Fund, [...] Continue Reading »
The West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976. The proposed amendment will impose the reservation of 30 per cent apartments in big housing projects for the low-income group (LIG). Though the industrialists have been asking to withdraw the law, the ministry [...] Continue Reading »
