Secretary also indicated that necessary reforms will be introduced to further strengthen RERA in multiple states so that housing projects, particularly in the affordable housing segment, do not suffer delays due to registration issues.
The Centre also aims to continue increasing the allocation for capex in the upcoming year given that private investment is yet to rebound significantly.
The largest miss on FY25 capex is expected to be due to a spending slowdown in roads and highway projects, followed by housing and atomic energy.
Under the smart cities mission, the green mobility corridor has been developed on a 4.5-km stretch above the Unkal nullah (drain), where the HDSCL has taken measures to stop flooding in the surrounding areas. It has also developed a non-motorised transport network all along the drain. Similarly, the Tolankere lake has been redeveloped and citizen centric amenities have been provided under the initiative.
Both cities have completed a majority of the projects planned under the smart cities mission, and include unique initiatives such as a Mahila Bazar and a therapy centre for specially-abled children.
The sector needs a rating system so that good projects can access bank financing.
The issue of non-compliance of orders passed by RERA was also discussed at the meeting. CAC deliberated on the best practices followed by certain states in the execution of orders passed by RERA
The City Finance Rankings aim at evaluating, recognising, and rewarding urban local bodies on the basis of their strengths across key financial parameters, while the City Beauty Competition aims at encouraging cities and wards in India to create beautiful, innovative and inclusive public spaces
NBCC says buyback offer has been given, and rental assistance cannot be given in perpetuity
The meeting has been convened after DMRC wrote to Delhi government and Union Ministry of Housing and Urban Affairs, seeking financial assistance for the payment of Rs 7,000 crore for arbitral award to DAMEPL.
1,000 legacy dumpsites, including those in Delhi, containing 12.8 crore metric tonnes waste have been approved by MoHUA, with total project cost of more than 8,000 crore rupees, the minister said
Puri presented the Smart Solutions Challenge and Inclusive Cities Awards 2022 that are aimed at promoting people-centric design and to foster novel home-grown technological innovations and solutions
The Union cabinet on June 2, 2021 approved the Model Tenancy Act for circulation to the States and Union Territories for adoption. It seeks to facilitate unlocking of vacant houses for rental housing purposes.
The scheme facilitates collateral free working capital loan up to Rs 10,000 of one-year tenure, with enhanced loan of Rs 20,000 and Rs 50,000 in the second and third terms respectively, on repayment of earlier loans.
The next CAC meeting is scheduled for October 22
Of the approved amounts, Central assistance of Rs 529 crore has already been released to states/union territories as first installments, including Rs 174 crore released to the Delhi government.
The new Parliament building project, which has its deadline in October, has achieved 44 percent physical progress, and the government has so far spent Rs 480 crore on it, the Rajya Sabha was informed on March 21
The approvals were given at the 58th meeting of Central Sanctioning and Monitoring Committee (CSMC) under Pradhan Mantri Awas Yojana (Urban) on February 15.
The Apsara Road is one of the popular commercial and institutional areas of Jammu city and is surrounded by residential colonies like Preet Nagar, Shastri Nagar, Jeewan Nagar, Nanak Nagar, Trikuta Nagar, Nai Basti, Rampura and other parts of the city.
Assam is the first Indian state to adopt the Model Tenancy Act, Mishra has said.
Initially, a pilot programme will be initiated by onboarding 300 vendors across six cities namely Bhopal, Ludhiana, Nagpur, Patna, Raipur and Vadodara.
On August 26, the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31 to boost the stagnant real estate market hit by the COVID-19 pandemic
The NCRPB has provided financial assistance to 360 infrastructure development projects so far with an estimated cost of Rs 31,464 crore, out of which Rs 15,105 crore has been sanctioned as loans
Swachh Survekshan 2020: The second and third positions in the category were won by Surat and Navi Mumbai, respectively.
Puri says the housing sector’s demand for one-time debt restructuring and 100 per cent FDI in affordable rental housing will be considered; suggests setting up of a permanent working group