‘Infrastructure’ status to ‘Affordable Housing Projects’: Housing Ministry to Finance Minisrty

By  Accommodation Times News Services Ministry of Housing and Urban Poverty Alleviation is waiting for Ministry of Finance to grant the ‘infrastructure’ status to ‘affordable housing project’, said Minister of State in the Ministry of Housing and Urban Poverty Alleviation Shri Babul Supriyo in Lok Sabha today. Babul Supriyo said, that, “The

Be cautious of foreigners buying properties warns Finance Ministry

              By Accommodation Times News Service The government has warns all the states specially Goa, Karnataka and Maharashtra to be cautious about outsiders indiscriminately buying properties illegally. It has also been observed that foreign nationals come to India and stay beyond 182 day on a tourist or other visa meant for a

Finance Ministry rescues incomplete housing projects

By Accommodation Times News Service The Finance Ministry has asked the banks to compile a list of all under constructed, semi-constructed residential projects in metros and sub-metros cities which has been halted for loans sanction problem, suggested that it can be made viable by extending loans, bid to start construction and

Finance ministry increases Home Loan limits in Union Budget

By Accommodation Times Bureau Pursuant to the announcement made by Union Finance Minister in the Union Budget for the year 2012-13, it has been decided to increase the limit from Rs.5 lakh to Rs.10 lakh for the bank loans extended to non-governmental agencies, approved by NHB for their refinance, for on-lending

Ministry of UD to push ” Walk to Work” culture

By Accommodation Times Bureau To effectively address the emerging urbanization challenges, the Ministry of Urban Development has come out with a multi-pronged policy framework to promote living close to mass urban transit corridors. This new initiatives seeks to promote ‘Transit Oriented Development (TOD)’ which enables people to live within walking or

NAREDCO demands creation of National Fund to finance needy projects

Accommodation Times News Service The National Real Estate Development Council (NAREDCO), the apex body of real estate sector, under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India, has asked Government to introduce necessary reforms in the upcoming Union Budget to revive the troubled real estate sector

Government exempts housing finance companies from XBRL filings

  By Accommodation Times News Service Providing relaxation for housing finance companies, the Corporate Affair Ministry has exempted such entities from filing financial statements in XBRL format. XBRL, or Extensible Business Reporting Language, provides a common, electronic format for business reporting. In a recent notification, the Corporate Affairs Ministry said "housing finance companies