These housing developments are among more than 4,500 real estate projects that have lapsed in Maharashtra. However, not a single homebuyer has been affected as bookings for government projects open only after an occupation certificate is issued.
Real estate developers hailed the decision to allocate Rs 48,000 crore in Budget 2022 under the Pradhan Mantri Awas Yojana (PMAY) and faster approvals for affordable housing in urban areas but rued that no additional tax deduction was allowed on interest paid on home loans.
The budgetary allocation for MGNREGS in FY22 increased to Rs 73,000 crore from Rs 61,500 crore in FY21 and further to Rs 98,000 crore (so far). Since the allocation has not even reached the Rs 1 lakh crore mark, it is unlikely that the outlay will be tripled in FY23, as sought by activists.
The affordable housing rental complex (AHRC) scheme acknowledges the needs of mobile workers who spend short periods of time in the city and do not seek permanent housing. Applying what we know about migrant work and the development sector will help India to realise AHRC's potential.
A resident of Malanga Lane in Kolkata’s Bowbazar area, Lakshmi Devi has alleged that she did not have any knowledge of the advertisement and has no idea when she was photographed.
The construction of PMAY-U houses are in various stages. As of now, more than 73 lakh houses have been grounded and nearly 43 lakh have been completed
PM Modi also said the poor people never believed in the past that the government will help them get a roof above their heads.
The Minister of State for Housing and Urban Affairs also told Lok Sabha that no data regarding property-less people is maintained by the ministry.
Addressing a press conference, Union Housing and Urban Affairs Minister Hardeep Singh Puri said in the next three-four months, the ministry will sanction all the 1.12 crore houses, a target set by the government.
The decision was taken after the Delhi Urban Shelter Improvement Board (DUSIB), which comes under the AAP government, failed to carry out a survey of these clusters.
Apply for PMAY: Check out the simple steps on how to apply for Pradhan Mantri Awas Yojana Online or Offline to avail its benefits at Moneycontrol.
Affordable housing has been the lone bright spot in this doom and gloom and has contributed to both realty sales as well as to the AUM growth of banks and HFCs servicing this segment.
The Budget did give out a positive statement. It lacks a clear road map as to how to achieve certain targets proposed.
The housing sector expects the government to contemplate on introducing housing bonds in order to provide low interest rate funds to the housing companies.
The company has launched the second phase named 'addressOne Central Park' to develop 600 apartments, Peninsula Land said in a statement.
The chief minister lauded the Solapur police for their measures in improving the conviction rate.
According to the Housing and Urban Affairs (HUA) Ministry, the laboratory will act as a source of information on the matters related to affordable housing in the country.
19,858 affordable houses for the poor in various cities and towns of Haryana.
The ministry said that over 28 lakh units are already in various stages of construction
But will the subsidy be useful for the common man? Watch the accompanying video for the answer..
This is in accordance with its overall plans of expanding its disbursement book size by 30 percent across the country, the company said in a release here.
There is a condition however that the overall cost of the dwelling unit in the metropolitan centre (with population of ten lakh and above) and at other centres should not exceed Rs 45 lakh and Rs 30 lakh, respectively, for being classified as priority sector.
The Housing and Urban Affairs Ministry also gave nod to central assistance of Rs 450 crore for the project under the Centre's flagship programme Pradhan Mantri Awas Yojana (Urban), an official release said.
To encourage the millennials to invest in real estate, the Pradhan Mantri Awas Yojana (urban) Housing for All Mission guidelines have been amended to include any adult earning member irrespective of his marital status as a separate householder who does not own a pucca house.
The government has set an ambitious target to construct as many as 12 lakh houses under Pradhan Mantri Awas Yojana (Urban) in 2017-18, although only 1.49 lakh houses were built under the scheme in 2016-17.