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).
As Prime Minister Narendra Modi pushes for improvements in IndiaÂ´s infrastructure and housing, the nationÂ´s steel consumption is set to accelerate. ChinaÂ´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.
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
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 IndustryÂ’s (CIIÂ’s) flagship con
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
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
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