IIFL Home Finance disburses Rs 440 crores CLSS subsidy to 20,000 people under PMAY

By Accommodation Times Bureau MUMBAI: IIFL Home Finance Ltd, today said that it has disbursed over Rs 440 crores to about 20,000 beneficiaries under Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojna. CLSS is the flagship scheme of Government of India’s Pradhan Mantri Awas Yojna (PMAY) which aims to house

Maitreya Group’s 308 properties to be seized

By Accommodation Times Bureau PUNE: The state's depositors wing has ordered to confiscate 308 properties of integrated company  Maitreya Group on Sunday. The firm has 30 cases registered under the financial fraud. The investigation and information of depositors have been made available through the records of the financial establishments of the group and

Kerala: Restructuring Of Broken Houses Started

By Accommodation Times Bureau KERALA: The work of rehabilitation of homes that were completely destroyed in the flood has commenced. the financial assistance is been provided in six divisions which are completely damaged. District collectors have been given permission to give first aid to those who wish to reconstruct their land. A total

Haryana fixes April 30 for submission of online property returns every year

By Accommodation Times Bureau CHANDIGARH Haryana Government has decided that all government employees Class I, II and III would submit their property return online for the financial year 2017-18. The deadline for the submission of online property returns is April 30th of every year Financial Year. While giving this information today, an official spokesman gave

HUDA reduces rate of penal interest to 8%

By Accommodation Times Bureau In yet another revolutionary step that will solve the long-standing vexed problem of enhancement dues in HUDA sectors, Haryana Chief Minister, Manohar Lal has decided not only to reduce from 15 percent to 8 percent the interest charged on the Less Conveyed enhancement amounts  per annum but

PMAY: State approves Rs 120 Cr fund for Solapur’s Ray Nagar housing project 

By Accommodation Times Bureau SOLAPUR The State Cabinet approved a bill to distribute Rs 120 crore funds to Maharashtra State's special fund for Solapur’s Ray Nagar housing project under Pradhan Mantri Awas Yojana (PMAY). This decision will speed up the process of constructing houses for economically weaker beneficiaries. Ray Town Home Project is

Hiranandani Reaches out to Indian Diaspora in GCC Countries

By Accommodation Times Bureau DUBAI Telling afresh the growth story of Indian real estate, while not just communicating the message of the new regulatory regime post implementation of the Real Estate (Regulation and Development) Act, 2016 but also bringing home the advantage of fall in value of rupee vis-à-vis the US Dollar

GST & Pre-EMI setback for under construction projects

  By Rohit Sharma MUMBAI: The under-construction real estate projects or newly launched projects have stuck across the country mainly in Delhi-NCR, Noida and Greater Noida, no home buyers make effort to invest into under construction projects after developers providing several benefits. Why is it so? Senior Advocate Dr. Sanjay Chaturvedi said, “GST and

NoFund: Housing Finance Com cuts down disbursements

By Accommodation Times Bureau NEW DELHI This year as RBI examines tighter regulations and finance market becomes cautions, the non-banking finance companies including housing finance firms tend to be staring at low growth and higher credit cost. According to the source, the growth by 200-500 basis points would be down as lending declines

IL&FS Board Recast: NCLT approves new directors

By Accommodation Times Bureau NEW DELHI The Central Government, based on a report received from the Regional Director, Mumbai, Ministry of Corporate Affairs, concluded that the affairs of IL&FS holding Company and its group companies are being conducted in a manner prejudicial to public interest. With a view to preventing further mismanagement and