Lower income group
The Punjab State Affordable Housing Development Authority has been planned to be set up and headed by Chief Minister, Prakash Singh Badal as per a recent announcement made where he discussed his aims of providing “affordable housing for all” in the coming two years. Housing Development Authority: In a cabinet meeting held recently and headed [...] Continue Reading »
Virar-Bolinj scheme of the Maharashtra Housing Area Development Authority (MHADA) has slashed prices of their flats. This will bring a smile to 1,800 winners of the project. Previously, MHADA had fixed the prices at Rs25, 19,909 and Rs50, 21,514 for LIG and MIG blocks respectively, but now with the reduction in prices, the Lower Income [...] Continue Reading »
Bengal Aerotropolis Projects Ltd (BAPL), the specialized infrastructure company engaged in the identification and development of aerotropolis projects in India is currently developing India’s first aerotropolis in Durgapur, West Bengal. This company on Thursday announced that they will enter into the ‘Affordable Housing’ segment. This move is in continuation with its vision of developing societal [...] Continue Reading »
In sync with one of the key policy initiatives of the Modi government to provide housing to the urban poor, the government is planning to expand the net of affordable housing to include more people under the various housing projects targeted at economically weaker sections (EWS) and lower income group (LIG). The proposal drafted by [...] Continue Reading »
The fate of the dream project of chief minister Akhilesh Yadav of providing houses to weaker sections of the society hangs in balance due to escalated cost of building material. The authorities of Kanpur Development Authority (KDA) had floated tenders for the construction of houses twice but due to old rates, contractors refused to make [...] Continue Reading »
The government along with the private sector needs to work to increase the supply of low-income houses, and then only the target of providing housing to all by 2022 can be met. The good news is that this would translate into business opportunities of Rs Nine lakh crore for the developers. The advisory firm Deloitte mentioned [...] Continue Reading »
In Ghaziabad, BJP councillors have accused the Ghaziabad Development Authority (GDA) of allotting housing units under the ‘economically weaker section’ (EWS) and ‘lower income group’ (LIG) categories on the basis of fake certificates. The allotment of the houses under the EWS and LIG categories was made by the GDA in 2013 under a special scheme. [...] Continue Reading »
Delhiites get a chance to own their dream house at cheaper rates as Delhi Development Authority (DDA) will soon start the construction of 30,000 cheaper flats. Most of the flats will be constructed in Narela and the rest in Rohini. Under this intended project, DDA will build 25,000 LIG (Lower Income Group) flats and rest [...] 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 »
Gujarat- The real estate industry and the state government is all set to develop large number of affordable residential units in various regions of state. The state government has promised to initiate work for developing 120,000 homes for the poor and homeless people of the state for the year 2013-14. Government has allocated a total [...] Continue Reading »
