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Policy

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects

Nirmala Sitharaman: Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »

Redeveloping old housing societies’ policy does not serve right purpose!

Redeveloping old housing societies’ policy does not serve right purpose!
New policy formed for redevelopment of old housing societies does not seem to work good as it was planned. Builders Association of India (BAI) is not happy with the policy want Maharashtra Chief Minister‘s intervention for the same. Projects to be redeveloped in Maharashtra Housing and Area Development Authority (Mhada) layouts have been stopped for [...] Continue Reading »



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