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The ministry of housing and urban affairs has approved the construction of 112,083 more affordable houses under its flagship Pradhan Mantri Awas Yojna (Urban), with an investment of Rs 8,105 crore, a government release said. The central assistance for the same will be Rs 1,681 crore. The approval was given at the 28th meeting of…
In a move that could provide a fillip to affordable housing finance in India, the International Finance Corporation, a member of the World Bank Group, has partnered with the country’s largest mortgage lender HDFC to create an $800-million fund to finance construction of affordable houses. To create this fund, IFC will pump in $200 million…
The government today approved the increase in the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (Urban). The clearance came at the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.Now, the carpet area…
GURUGRAM: The estimate of the amount of new land that could become available for affordable housing, after the removal of the cap on land for the segment through DTCP’s recent amendment of its Affordable Housing Policy 2013, is out. From a maximum of 300 acres that was available in the past, the total land under the segment could…