Realty News Roundup: UP To Build 40,000 New Homes; Delhi To Redevelop J J Clusters

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

The Uttar Pradesh government has proposed to build 40,000 new homes under the Samajwadi Awas Yojana. Private developers help the state government in developing the scheme. Read more.

The Delhi government is all set to redevelop the J J clusters and make the capital slum-free in the next five years. Chief Minister Arvind Kejriwal met Union Urban Development Minister M Venkaiah Naidu in this regard. Read more.

Off the front page

Business watch: Tata Housing is reportedly set to raise Rs 3,200 crore for its upcoming premium and luxury residential projects across five cities. The company is in talks with institutional investors for this, according to this report. For more such news, click here, here, here, here, here and here.

DNA reports that a large number of unsold inventories are forcing real estate developers to adhere to the laws while building new homes. Read more.

The Maharashtra government is reportedly planning to bring in new policies to dispose unused land for residential and non-agriculture purposes to increase its revenue. Read more.

Opinion

Prime Minister Narendra Modi will inaugurate Andhra Pradesh's new capital city on Thursday. Here are some articles that will explain why Amaravati has been chosen as new Andhra capital, how it has evolved from mythology to reality, and what are the challenges ahead for the new city.