Slum
In April 2013, a fire destroyed a slum cluster in Bawana. Recently, over 1,200 families – at least 4,000 people – lost their homes in a fire in Masoodpur Village. The houses in the slums are built of highly inflammable discarded stuff, including wood, plastics and frayed tent material. Most of the times, the authorities [...] Continue Reading »
To stop the increasing slums in national capital and to replace them with the affordable housing for those who belong to weaker section is a major promise made by all political parties for the coming elections. Even after the completion of this project, houses are not allotted to their rightful owners. With the model code [...] Continue Reading »
Maharashtra government’s decision to extend the cut-off date by five years to January 1, 2000, from the earlier January 1, 1995, may help speed up execution of slum re-development projects but the real estate developers are not completely satisfied and want more. CREDAI chairman, Mr. Lalit Kumar Jain says, “To some extent, this scheme will [...] Continue Reading »
Slum Rehabilitation Authority (SRA), Nagpur, is forced to scrap many schemes designed to offer for slum-dwellers. The reason being lack of demand as most of the target population has not shown any interest so far in most of the projects. The major problem seems to be the size of flats being built under SRA, which [...] Continue Reading »
The private equity fund of IIFL has planned to invest in a central Mumbai slum redevelopment project. The PE fund, IIFL Real Estate Fund has committed to invest Rs 80 crore in a housing society-cum-slum-redevelopment project in Mumbai’s Sion Koliwada area. The redevelopment project will construct about 1.2 million sq ft sale able space. The [...] Continue Reading »
The Reserve Bank of India has doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending. This decision will encourage the EWS people for buying housing properties in India . In a notification RBI ordered to extend the bank loan limit to non-governmental agencies for the purpose of construction or [...] Continue Reading »
It is all because of BBMP who will make it possible for slum dwellers to stay near a mall. Slum dwellers of Ejipura will soon shift to a new group housing complex which will be constructed besides a mall. The proposal of developing a housing complex and a mall in the Koramangala area was signed [...] Continue Reading »
