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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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phoenix-mills-looks-to-double-its-retail-portfolio-in-next-4-5-years
economy
Phoenix Mills looks to double its retail portfolio in next 4-5 years

MUMBAI: Retail-led mixed-use asset developer and operator The Phoenix Mills is looking to double its operational retail portfolio to around 12 million sq ft over the next 4-5 years from the current 5.9 million sq ft.The company is eyeing acquisition opportunities judiciously in key property markets across India to support its targeted growth, said a…

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