Ajay Piramal-backed Piramal Fund Management’s ‘Indiareit Fund V’, has exited its investment in Bengaluru-based developer Skylark Mansions for an undisclosed amount. Piramal’s Indiareit Fund V had invested Rs 36 crores in Skylark Mansion in … READ FULL STORY
The Centre on December 28, 2019, approved construction of 6.5 lakh houses under the Pradhan Mantri Awas Yojana (Urban or PMAY-U), taking the total number of houses being funded under the scheme to over … READ FULL STORY
Haryana chief minister Manohar Lal Khattar on December 7, 2019, inaugurated Gurgaon’s ambitious Integrated Command and Control Centre (ICCC), developed as the nerve centre to provide multifaceted online smart services to people. Khattar inaugurated … 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
India has nearly 11.09 million vacant urban housing units, of which 10 states and union territories (UTs) contribute to 78% (8.64 million) of total vacancy levels, says a report titled ‘Institutionalising the Rental Housing … READ FULL STORY
Update on September 4, 2019: If media reports are to be believed, the government is planning to expand the scope of ‘affordable housing’ by including housing projects costing up to Rs 50-55 lakh in … READ FULL STORY
The Draft Model Tenancy Act will soon be sent to the union cabinet for approval and will be circulated to the states, Durga Shankar Mishra, secretary, Ministry of Housing and Urban Affairs said, while … READ FULL STORY
The Housing and Urban Affairs Ministry’s budgetary provisions were pegged at Rs 48,000 crores in the Union Budget 2019-20, a hike of nearly 12% from 2018-19. The Pradhan Mantri Awas Yojana (Urban), an ambitious … READ FULL STORY
The Odisha government, on May 13, 2019, urged the centre to sanction at least five lakh houses under the Pradhan Mantri Awas Yojana (PMAY), as the ‘extremely severe’ cyclone ‘Fani’, which hit the state … READ FULL STORY
Peninsula Land Limited, a part of the Ashok Piramal Group, on May 7, 2019, announced that it has sold over 1,200 apartments at its affordable luxury project, ‘addressOne’, in Gahunje, Pune. The value of … READ FULL STORY
Ruparel Realty has announced the launch of an affordable housing project, ‘Ruparel Pride’, in Mumbai’s Kurla area. The project will be under the new category of Ruparel True Value Homes, which aims at providing … READ FULL STORY
Mumbai recorded the third-highest growth in annual household incomes at 20.4% over a five-year period from 2014 to 2018, according to the inaugural issue of Knight Frank’s global report, ‘Urban Futures’. The growth in … READ FULL STORY
The Indian real estate sector has witnessed several positive developments over the past few years, with schemes like the Pradhan Mantri Awas Yojana (PMAY), the granting of infrastructure status to affordable housing, 100 per … READ FULL STORY
