Ghaziabad development body raises cost of houses under PMAY, Real Estate News, ET RealEstate

GHAZIABAD: The Ghaziabad Development Authority on Saturday enhanced the cost of new houses to be built under the Pradhan Mantri Awas Yojna in the district. The new houses under the PMAY will now cost Rs 6 lakh instead of Rs 4.5 lakh, GDA Vice-Chairman Krishna Karunesh said. In its board meeting chaired by GDA Chairperson […]

Karnataka CM directs banks to speed up loan approval under PMAY scheme, Real Estate News, ET RealEstate

File photo BENGALURU: Karnataka Chief Minister B S Yediyurappa on Thursday directed the banks not to delay disbursement of loans to eligible beneficiaries under central schemes such as Pradhan Mantri Awas Yojana (PMAY) and Pradhan Mantri Swanidhi Yojana (PMSY). Reviewing the progress of the schemes with bankers and officials at a meeting in Vidhana Soudha […]

Greater Noida authority to build 10,000 flats under PMAY, Real Estate News, ET RealEstate

Representative Image GREATER NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has decided to build 10,000 affordable homes for the economically weaker sections and low income groups under the Pradhan Mantri Awas Yojna (PMAY). These houses would measure between 245 sqft) and 323 sqft and would be built in sectors 1, 2 and 3 of […]

Construction of 1.68 lakh new houses approved under PMAY-Urban, Real Estate News, ET RealEstate

NEW DELHI: Construction of 1,68,606 new houses have been approved under Pradhan Mantri Awas Yojana (Urban) taking the total to 1.1 crore so far. The decision was taken in the 52nd Meeting of the Central Sanctioning and Monitoring Committee (CSMC) 14 States/UTs participated in this meeting. These houses are proposed to be constructed across the […]

ICRA expects recovery in housing demand to continue due to improved affordability, Real Estate News, ET RealEstate

NEW DELHI: Housing affordability in India has historically been low, with unit pricing remaining high due to rising land costs, zoning and floor indices-based restrictions, and high transaction costs and taxes. In recent years though, the government has been taking steps towards moderating real estate transaction/finance costs and taxes, through measures such as higher income […]

Uttar Pradesh CM lays foundation stone of Light House project in Lucknow, Real Estate News, ET RealEstate

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath on Friday said his government has managed to provide houses to the urban poor, taking inspiration from Prime Minister Narendra Modi, and exuded confidence that the Light House Project would prove to be a milestone in this direction. Adityanath was speaking at the foundation laying ceremony of a […]

Gujarat CM assures prime minister of timely completion of over 1,000 houses, Real Estate News, ET RealEstate

AHMEDABAD: Gujarat Chief Minister Vijay Rupani on Friday assured Prime Minister Narendra Modi that the state government would try to finish building over 1,000 houses under the Light House Projects (LHP) in Rajkot city within the deadline. The prime minister on Friday laid the foundation stone for 1,144 residences coming up in Rajkot under the […]

About 7.5 lakh more PMAY units to be launched in Uttar Pradesh, Real Estate News, ET RealEstate

File photo LUCKNOW: The central and state governments would join hands in rolling out 7.5 lakh more housing units under PM Awas Yojana (PMAY) in UP in the next few days.PM Narendra Modi is proposed to inaugurate the project, Chief Minister Yogi Adityanath said on Tuesday after transferring loans worth Rs 87cr for the construction […]

Uttar Pradesh CM to give low-cost flats to 1,040 urban poor, Real Estate News, ET RealEstate

LUCKNOW: In a fresh initiative to help the poor, Uttar Pradesh Chief Minister Yogi Adityanath will soon hand over flats of 415 square feet area to at least 1,040 poor urban people for just Rs 4.75 lakh. The total cost of the flat will be Rs 12.59 lakh and out of this, Rs 7.83 lakh […]

Government ropes in Nabard & Hudco to revive rural housing scheme, Real Estate News, ET RealEstate

NEW DELHI: The scheme to provide interest subvention to the rural homeless poor has failed to make a mark with weak response to loans and poor utilisation of funds, prompting the government to seek its revival by roping in two financial institutions with strong rural network. The Rural Housing Interest Subsidy Scheme has managed to […]

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