Launched in 2015, the Pradhan Mantri Awas Yojana (PMAY) is in Phase 2 now. In this phase, the centre has taken up an aim of constructing 3 crore houses under the PMAY by 2029 … READ FULL STORY
While India’s real estate sector did not get the special treatment it expected from the Union Budget 2021-22, some relief did come its way, in the form of an extension of the safe harbour … READ FULL STORY
In a move that could incentivise the construction of affordable homes in India, finance minister Nirmala Sitharaman, on February 1, 2021, extended the scope of the tax holiday provided to affordable housing projects. By … READ FULL STORY
The real estate sector is one of the crucial pillars of India’s economy and the government has recognised this, by offering various schemes, including a bailout package, to get the segment out of a … READ FULL STORY
Affordable housing is a sector that has come into its own over the past few years. This is largely due to several government initiatives, including the granting of industry status to affordable housing, the … READ FULL STORY
In line with prime minister Narendra Modi’s vision of ‘Housing for All by 2022,’ the Karnataka government has identified about 1,000 acres, to build about two lakh dwelling units in Bengaluru for the poor, … READ FULL STORY
The Housing and Urban Affairs Ministry, on October 30, 2018, approved the construction of nearly 2.15 lakh affordable houses for the poor in six states, under the Pradhan Mantri Awas Yojana (Urban). According to … READ FULL STORY
With a large number of homeless people in India, a huge transformation is necessary to house the country’s growing population, over the next 20 to 30 years. However, this also raises a fundamental question … READ FULL STORY
Seeking to allay fears that the Maharashtra government planned to allow developments at the Mahim Nature Park (MNP) in Mumbai, minister of state for housing Ravindra Waikar said, “The government will keep intact the … READ FULL STORY
The shortage of affordable housing in Delhi, should be viewed within the wider context of an overall housing shortage in the country. Housing supply in urban areas has not kept pace with the additional … READ FULL STORY
Cost-effective housing is a key problem in all developing countries but India presents a remarkable case study. While India’s constantly expanding population is the bedrock of its economic promise, it is also the source … READ FULL STORY
According to rating agency ICRA, Budget 2018 has reinforced the government’s intent to focus on the development of the affordable housing sector under the Pradhan Mantri Awas Yojana (PMAY). “A significant increase in the … READ FULL STORY
The Haryana government has decided to revise its Affordable Housing Policy, to provide housing for all in the state by 2022. Chief minister Manohar Lal has approved the changes in the policy to provide … READ FULL STORY
