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#WeeklyNewsRoundup: Centre Approves Subsidy Of 3% On Home Loans In Rural Areas [Video]

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In a bid to ease EMI burden by ensuring cheap home loans in rural areas, the Centre has approved three per cent interest subsidy on loans of up to Rs 2 lakh for all households not covered under Pradhan Mantri Aawas Yojana (Gramin). Stating this rural development minister Narendra Singh Tomar said: “The scheme would also enable people in rural areas to construct new houses or add to their existing pucca houses to improve their dwelling units.”

Redevelopment of dilapidated colonies of the Maharashtra Housing and Area Development Authority (MHADA) is expected to get a boost. The state government has proposed to allow developers pay either a premium or offer housing stock to the authority for projects spread over less than 2,000 sq m. Mumbai has 104 MHADA layouts, of which buildings in 56 colonies are dilapidated. Most of these are spread over less than 2,000 sq m.

Owing to limited scope to expand in the City Beautiful due to non-availability of land, the Chandigarh Housing Board (CHB) for the first time is moving outside the city and will construct flats in Punjab’s Mullanpur and Kandaghat, near Solan in Himachal Pradesh.

While the construction of a few projects is under way in Mullanpur, 60 acres will be developed in Kandaghat. The scheme would be open for all and not restricted to Chandigarh residents.

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 one lakh hectares of non-cultivable land in possession of various state government departments. The state currently has a land bank of 1,500 acres.

Tags: Video, affordable housing, propguide, Mhada, Housing for All 2022

#Budget2017: Must Address Persistent Ambiguities Related To GST & Applicable Tax Rates For The Sector, Says Supertech's R K Arora

The real estate sector is currently in a recovery phase after a prolonged slowdown and the recovery has not been quite satisfactory, this makes the Union budget 2017 critical to the successful recovery of the sector.

January 18 2017

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#Budget2017: Top 5 Wishes On A Real Estate Developer's Mind

One of the country’s largest contributors towards Gross Domestic Product (GDP) and employment generation, real estate sector, is extremely hopeful for a positive Budget 2017-18.

January 17 2017

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Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

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5 Creative Eco Resorts Around The World

If luxury housing are eco-friendly then what else could you want? It's like having your cake and eating it too!

May 04 2015

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#RealtyNewsRoundup: Over A Crore Households In India’s Urban Areas Don’t Have Toilets

Here are today’s top news stories from the real estate sector.

April 17 2017

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#RealtyNewsRoundup: Affordable Homes To Get Stamp Duty Exemption

Here are today’s top news stories from the real estate sector.

March 07 2017

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#RealtyNewsRoundup: SC Boost For Home Buyers; Govt Mulls Capital Gains Tax Rollback

Here are today’s top news stories from the real estate sector.

February 22 2017

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Melbourne’s Co-Housing Units Offer No ACs Or Parking Space. Could It Work For India?

Co-housing is increasingly finding favour among those looking at affordable homes. Reduced prices and effective structural designs are giving way to increased demand. Can such a model survive in India?

February 10 2017

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