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#RealtyNewsRoundup: Centre To Build 3 Cr Houses For Rural Poor By 2022, Says Tomar [Video]

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

Union rural development minister Narendra Singh Tomar recently said that the Centre would build 2.95 crore houses under the Pradhan Mantri Awas Yojana (Gramin) by 2022. Speaking at the launch of the construction of over 1.6 lakh pucca houses for the poor under the scheme in Assam, he said that each beneficiary will get Rs 1.3 lakh as principal amount along with Rs 12,000 for toilet construction under SBM and Rs 18,000 under MGNREGA.

The Maharashtra government has facilitated the dream of many citizens to own a home in the city by increasing the Floor Space Index (FSI) by changing the Pune Municipal Corporation guidelines. Some localities, like the transit-oriented development zones along the Pune metro corridor and the Bus Rapid Transit System, that are high population density areas will now have an FSI of 4.

To boost Bhopal’s sluggish real estate market, the district administration may soon revise the collector’s guideline rate for properties at select locations. For this, the district administration has listed 57 colonies and some villages on the outskirts of the state capital where the lower guideline rates would apply.

With less than a month to go for its maiden global investment summit in Ranchi, the Jharkhand government plans to allot non-cultivable land to prospective investors willing to set up their units in the state. The state government official said the government had identified approximately 1 lakh hectares of non-cultivable land in possession of various state government departments. The state currently has a land bank of 1,500 acres.

Source: Media reports

Tags: Pune, FSI, Bhopal, Video, propguide

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