M Venkaiah Naidu
The Modi government likely seems to be facing a tough task in order to fulfill its promise of “housing for all by 2022“, considering the track record of different government programmes in the recent years. In the past three years, little over 2.2 lakh houses were built in urban areas under different programmes such as [...] Continue Reading »
From the 632 shops in the several shopping complexes constructed by DDA, many have remained unsold for almost 20 years, Union Urban Development minister M Venkaiah Naidu informed the Lok Sabha on Wednesday. These include 298 shops in general category (east zone has 111, south zone has 47, west zone has 140) which have remained vacant [...] Continue Reading »
The urban development minister M Venkaiah Naidu told the Parliament Wednesday that the state of FDI investments is showing green. India’s urban development sector received foreign direct investment (FDI) worth $1.3 billion (Rs 7,924.85 crore) during the 2013-14 fiscal. The FDI, in the form of equity, was used for construction of townships, and in projects [...] Continue Reading »
In order to meet the demands of better urban living, the government has offered tax and non-tax incentives to promote investments in urban infrastructure and housing sectors. This includes REIT and InvITs and has also made provisions for increasing Plan outlay in the Budget 2014-15. After the presentation of the budget, the Urban Development and [...] Continue Reading »
What was speculated earlier that the developers will not show much interest in the low budget housing as the profit margins are low is not true. Modi’s election manifesto stated loud and clear that the government will provide housing for all by 2022 and will eradicate slums completely especially in urban and semi-urban areas. This [...] Continue Reading »
The Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu on Friday mentioned in New Delhi that the BJP Government is set to bring out a revised Bill to regulate the real estate sector. Naidu did not give details about the contours of the Bill, however mentioned that the earlier Bill has lapsed [...] Continue Reading »
It seems that Modi’s ministry is well synchronised and is working towards the same goal. On Thursday the Chhattisgarh Urban Administration, Housing and Environment Minister Rajesh Munat urged the Central Government to make the land allocation process simple to provide affordable housing to the people. Munat mentioned in the conference of the Urban Development and [...] Continue Reading »
