The Ministry of Housing and Urban Poverty Alleviation will discuss with the states the policy measures being taken by them to promote affordable housing projects for the benefit of economically weaker sections (EWS) and low income groups (LIG).
Tag: Housing
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Is IndiaĆĀ“s steel industry ready to take the torch from China?
As Prime Minister Narendra Modi pushes for improvements in IndiaĆĀ“s infrastructure and housing, the nationĆĀ“s steel consumption is set to accelerate. ChinaĆĀ“s demand for steel, meanwhile, is retreating from the double-digit growth rates of the past 10 years as Beijing tries to shift the economy to focus on domestic consumption rather than exports.
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Cabinet clears Land Acquisition ordinance
The Centre has recommended an ordinance to make significant changes to the Land Acquisition Act so as to fast-track projects in key sectors such as power, roads, defence and housing.
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Fundamentals revisited
Most banks have shown resilience, preventing further deterioration in asset quality in the fourth quarter. The same quarter also proved to be healthy in terms of recovery for most PSU banks
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IRDA revises lending norms of insurance firms
The Insurance Regulatory and Development Authority (IRDA) decided to exclude lending by insurance firms to housing finance companies as exposure to the finance sector. In a statement, the insurance regulatory body said these loans would be henceforth treated as funding to the hous
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Govt to promote affordable housing via novel scheme
Union Minister of Housing and Urban Poverty Alleviation Girija Vyas informed that the government would soon launch the Revised Affordable Housing in Partnership (AHP) scheme. The minister said this while addressing the REALTY 2013, Confederation of Indian IndustryĆās (CIIĆās) flagship con
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Gujarat govt to announce slum rehab policy
Gujarat government has reportedly prepared the slum rehabilitation policy and may announce it at any time, reports indicate. It may be recalled that the state Chief Minister Narendra Modi pl
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Punjab govt allots Rs 25 bn for various projects
In order to implement various projects in the sewerage, water supply, road, housing and other sectors in Ludhiana, Punjab government allocated Rs 2,499.74 crore. The amount includes Rs 1,352.20-crore to upgrade road infrastructure, including 8 laning of Ferozepur Road from Sidhwan Canal to MC limit, among others. The government allotted Rs 398.35 crore for upgrade of Ham
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Bank credit to housing sector declines since FY08
The financial stability report of the Reserve Bank of India (RBI) shows bank credit to the housing sector declined to 9.5 percent in 2012-13 from a high 13.3 percent in 2007-08. The report notes that the decline in the growth of bank credit to the sector brought down demand. However, despite this, house prices in some metropolitan cities have witnessed significant increases in the recent past, the report notes
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RBI relaxes ECB norms for residential developers
Developers and builders who have at least three years' experience in implementing residential projects may avail external commercial borrowing (ECB) for low-cost affordable housing projects. Reserve Bank of India (RBI) reduced the number of years of experience from the existing five years to three years in order to enable more developers to access ECB route