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uttar-pradesh-to-construct-one-lakh-houses-under-pmay
economy
Uttar Pradesh to construct one lakh houses under PMAY

AGRA: Ahead of the 2019 Lok Sabha election, Uttar Pradesh state government has determined targets for 28 development authorities and Awas Vikas Parishad (AVP) for construction of one lakh low income group (LIG) category houses in next six months. Under the Pradhan Mantri Awas Yojna – Housing For All (Urban) scheme, Agra development authority has…

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gurugram-panel-formed-to-roll-out-affordable-housing-projects
economy
Gurugram: Panel formed to roll out affordable housing projects

GURUGRAM: The department of town and country planning (DTCP) formed a committee on Thursday to speed up the processing of applications under the Deen Dayal Jan Awas Yojana (DDJAY). The committee has three people, including the chairman and two other members.The authority has already incorporated amendments to the affordable housing scheme. Since July this year,…

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regularised-layouts-to-come-under-tamil-nadu-rera
economy
Regularised layouts to come under Tamil Nadu RERA

CHENNAI: Unauthorised layouts regularised under the regularisation of unapproved plots scheme will come under the blanket cover of the Real Estate Act. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has sought the commissioner of town and country planning to direct layout promoters, who have applied under the amnesty scheme, to approach the realty regulator…

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nbfc-fund-crunch-begins-to-hit-real-estate-sector
economy
NBFC fund crunch begins to hit real estate sector

NEW DELHI: Home buyers and real estate developers are facing a fund crisis, despite RBI’s recent measures to increase bank credit to non-banking finance companies (NBFCs) and housing finance companies (HFCs).The problem is so acute that in several cases, sanctioned home loans are not being disbursed and funds committed earlier under construction-linked home loan schemes…

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