Diabytes
Housing projects News
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The Union Cabinet has recently approved a 'Special Window' fund to provide priority debt financing for the completion of stalled housing projects that come under the Affordable and Middle-Income Housing sector. For the purposes of the fund, the government will act as the sponsor and the total commitment to be infused by the government would be up to Rs 10,000 crore, according to an official statement.
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According to Finance Minister, the creation of asset alternative fund (AIF) will benefit 1,600 stalled housing projects with 4.58 lakh homes.
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Financial services firm ASK Group has invested Rs 200 crore in a mixed-use project being developed by realty firm ATS Infrastructure in Noida.
The Haryana government on Saturday asked real estate developers to follow its guidelines related to development of housing projects and also asked them to address all legitimate concerns of buyers.
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Much to the discomfort of home buyers, as many as 826 housing projects in the country are facing long delays of about three to four years, a study said.
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India's largest realty firm DLF Ltd will invest about Rs 3,500 crore this year to complete construction of almost all of its existing housing projects, a senior company official said.
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The Centre on Monday notified the rules for Real Estate Act, that seeks to regulate the housing sector besides bringing transparency and ensuring timely completion of projects, which will be applicable for five Union Territories.
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India will require investments of USD 1 trillion over the next 5-7 years to meet demand from infrastructure and housing with banks, private equity and NBFCs likely to be main sources of funds, says a report.
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Royal Estates was launched in 2008 but was put on hold due to global financial crisis. It was re-launched in August 2014.
Private sector ICICI Bank Monday said it plans to raise up to Rs 50,000 crore from bonds in tranches to fund affordable housing and infrastructure projects.
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Japan's SoftBank has made a fresh investment of Rs 100 crore in Housing.com to help the realty portal consolidate its position in the heavily contested online property segment.
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Know the difference between builder and resale price in Noida, Greater Noida
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The company is developing 600 apartments in this 5-acre project, which was launched recently on Facebook. The prices are in the range of Rs 30-70 lakh.
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Over 75 percent of 3,540 live real estate projects with outstanding investments of more than Rs 14 lakh crore remained non-starters as of 2014-15, an Assocham study said.
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The Allahabad High Court on Monday directed the District Magistrate of Gautam Buddh Nagar to look into allegations of encroachment of thousands of square metres of public land, spread across three villages of the district, and take an appropriate decision within three months.
For smooth implementation of the ambitious 'Housing-for-All' scheme, the Centre has proposed to decentralise the process by involving state governments in the planning and decision-making process.
Realty major DLF is likely to raise about Rs 2,500-3,000 crore by next month via private equity and is in talks with Singapore government's investment arm GIC to sell stake in a new housing project here.
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Government Wednesday launched its 'Housing for All by 2022' mission and approved a substantial increase in interest relief on loan for the urban poor to promote affordable homes.
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