News & Facts

The credit-linked subsidy of Pradhan Mantri Awas scheme is offering eligible borrowers of SBI home loan an interest subsidy up to Rs. 2.67 lakh. SBI is offering a home loan at the rate of 8.35% under the Pradhan Mantri Awas scheme, for up to Rs 30 lakh. All eligible borrowers can avail an interest subsidy for up to Rs. 2.67 lakh from SBI which has curtailed its interest rates in line with the Pradhan Mantri’s scheme. The primary aim of this scheme is to reduce interest rates for the middl... Read More
Complaints have started pouring in from different directions with regards to the construction quality of builders in Noida and Greater Noida. The home buyers are very seriously concerned about their safety and demand that an audit be conducted on the under-construction properties in these regions. The concerned authorities have requests inundating their offices regularly. Indrish Gupta, co-founder, Nefowa, said, "Now that the concerns of people are increasing day by day, the authorities must st... Read More
According to a senior official of the Central Reserve Police Force, four flats have been allotted to the families of those served which include 3 jawans killed in the Naxal attack. Vivek Oberoi, the bollywood actor has donated 25 flats to those sacrificed their lives while on duty, fighting the Naxals. These flats are located in the residential project owned by the actor in Thane, Maharashtra. A senior reserve police officer said that while four flats have been allotted to the slain jawans whi... Read More
The rules under the RERA are set to protect the rights of buyers in both the residential and commercial segments. From this day forth, the Real Estate Regulations Act will be in force to safeguard the rights of buyers and to boost the investors’ confidence across the country. It will also aim at ensuring timely execution of the projects by the developers. The new RERA rule will be applicable both for the commercial and residential sectors. On top of this, it has become mandatory for all t... Read More
Shares of real estate firm Indiabulls Real Estate gained over 100 percent and made a high of Rs163.20. This level was last made on November 12, 2010. In a particular day trade it gained as much as 11%. The jumps in share prices are majorly due to the approval received from board of management to restructure their commercial and leasing operations as a separate entity. A high of 163.20 was made on 24th April 2017 with an intra-day surge of 11% to match the level of record high made on 12th Novem... Read More
The economically weaker section is getting benefited by the scheme introduced by the government whereby, Rs.1.5 lakh in subsidy would be granted to buy house. So far, such facilities have been granted only in cases where properties were developed on lands provided by the State government or municipal bodies. This announcement came in the aftermath of a bunch of private developers launching affordable housing projects. The Union Housing Minister M. Venkaiah Naidu is very keen on seeing this sche... Read More
JAIPUR : The Jaipur Development Authority has clearly decided not to pursue its golf course project to be developed on 592 bigah land in Achrol village. The present market condition is not much conducive to such ideas being implementd. JDA’s finance wing has blatantly refused to go ahead with this mega project as it sees a slump in the realty sector. Moreover, the management feels that no private player is very keen on developing such projects and it would only take a meaningless bite on t... Read More
The housing board’s decision to increase circle rates has left the stakeholders unhappy in Ghaziabad. GHAZIABAD: The Uttar Pradesh Housing Board has increased the circle rates for residential and commercial plots in all sectors of Vasundhara. From the IST of April, the circle rates have been revised by 16% which has actually left the stakeholders very unhappy. The move has evoked a lot of criticism. According to the Uttar Pradesh housing board’s superintendent engineer, K S Singhal... Read More
After the end of April 17, there is a high likelihood of the new housing scheme to provide 12,000 flats by the Delhi Development Authority. Out of the total number of flats, more than 85% is from the areas such as Rohini, Dwarka, Narela, Vasant Kunj and Jasola whereas, only the remaining numbers of flats that are unoccupied are from the 2014 scheme. However, 2,000 flats are lying vacant currently. The urban body has tied up with 10 banks for sale of application forms and scheme-related transacti... Read More
A massive number of applications have been received through various channels of the government, for different credit-linked subsidies for housing loans, in the past few months. Now that the online internet penetration is not up to the expected level in this country, it does not pose a problem according to the Ministry of Housing and Urban Poverty. It may require some facilitation. Job opportunities will be developed in those areas too. The Credit Linked Subsidy Scheme (CLSS) was the Housing Min... Read More
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