#RealtyNewsRoundup:‘Govt Gave Rs 12,000-Cr Subsidy Under PMAY’
Description
The government has released subsidy worth Rs 12,000 crore to homebuyers under the Credit-Linked Subsidy Scheme until March this year, data available with the Ministry of Housing show. The government provides up to Rs 2.67 lakh as subsidy on home loans to people who buy property under the Pradhan Mantri Awas Yojana.
***
The Ghaziabad Development Authority will complete the property geotagging exercise by July-end. The project will be implemented in a phased manner starting with properties in Indirapuram’s Ahimsa Khand, Raj Nagar and and Madhuban-Bapudham. With this, residents would be able to access details of properties online.
***
Three Indian cities — Delhi, Mumbai and Bengaluru — are among the top eight challenger cities that investors seeking long-term returns should turn their attention to, says Resilient Cities Index report by Savills. According to the report, these challenger cities are predicted to jump at least 10 places and take their spot in the top 50 resilient cities by 2028. These cities are seen as young, prosperous and adapt to global changes well when compared to some well-established real estate markets.
***
The National Buildings Construction Corporation (NBCC) says its fresh bid to acquire insolvency-hit Jaypee Infratech has received approvals from the finance ministry. With this, chances of the state-run construction company taken over the debt-laden realtor have improved.
Source: Media reports