#RealtyNewsRoundup: DDA To Launch New Housing Scheme On June 30; Over 12,000 Flats Up For Grabs

Come June 30 and over 12,000 Delhi Development Authority (DDA) flats will go up for sale. The authority under a new housing scheme will sell the apartments that were returned by the allottees of the 2014 housing scheme. The scheme is being floated under the Pradhan Mantri Awas Yojana to help a large number of people avail subsidy on interest rate.

Also Read: All You Need To Know About DDA Housing Scheme 2017

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Ahead of the launch of Goods and Services Tax on July 1, the Maharashtra government is targeting to generate Rs 5,000-10,000 crore through non-tax revenues such as construction charges and development charges. These funds will be used to finance its mega farm loan waiver. According to reports, Mumbai alone yields Rs 1,000 crore every year as developmental charges.

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To fight constant water woes, several housing societies in different localities of Pune are expected to come together and move court. These societies will seek a ban on constructions causing water scarcity. Recently, a ruling by the Bombay high court, the Pune Municipal Corporation was restrained from issuing commencement and occupation certificates to new buildings in Baner and Balewadi. The court has asked the civic body to furnish details of upcoming projects and also, share plans for making arrangements for water supply to buildings in the city.

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As a part of its plans to expand in the low-cost housing segment, real estate developer Signature Global, will invest Rs 400 crore in developing two new affordable projects in Gurgaon. These projects will comprise 1,900 apartments and will be constructed over the period of next four years. These units will be sold at a fixed price of Rs 4,000 per sq ft of carpet area and will be sold through a draw.

Source: Media Reports