Market Updates
Haryana chief minister Manohar Lal Khattar has directed Haryana Urban Development Authority (Huda) to hand over a 75-metre-wide corridor to the Union ministry of road transport and highways, for the latter to develop an elevated Metro on the corridor. This is against the ministry’s demand for a 90-metre-wide corridor, for two contiguous projects – increase…
To promote affordable housing, the Government had launched Pradhan Mantri Awaas Yojana (PMAY) in 2015. Under PMAY, among other schemes, Economically Weaker Section (EWS) and Low Income Group (LIG) were to be given interest rate subsidy on their housing loans. The interest subsidy was to be provided under Credit Linked Subsidy Scheme (CLSS) under PMAY. EWS…
The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch with the central government acquiring the 22 hectares of land that had stalled the project. This is good news for real estate companies that had invested over Rs 60,000 crore in residential and commercial projects along the…