#RealtyNewsRoundup: Govt Considering Low-Cost Housing Scheme For EPFO Subscribers

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

The Centre is working on a scheme to provide low-cost housing for the Employee Provident Fund Organisation's five crore subscribers. Stating this, Labour Minister Bandaru Dattatreya said the government was exploring the possibility of providing a suitable low-cost housing scheme for subscribers of the retirement fund body. Read more

The Delhi Development Authority plans to develop some of its district parks as theme-based urban parks. It has invited bids from private companies to make these parks on par with international standards based on a self-sustaining financial model. Read more

Scientists in Mexico have developed a new light-emitting cement that could last a hundred years. The new technology will convert the cement into gel and will thus illuminate roads, highways or bicycle lanes at night by absorbing solar energy during the day. Researcher Jose Carlos Rubio said that most fluorescent materials were made out of plastic and had an average life span of three years. However, the new cement is sun-resistant. Read more