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

CIDCO to conduct 14,838 houses lottery for EWS & LIG tomorrow

By Rohit Sharma  NAVI MUMBAI  The City and Industrial Development Corporation of Maharashtra (CIDCO) to hold online lottery draw for the Mega Housing Scheme-2018 of 14,838 affordable houses under the Housing for All on October 2, 2018, at CIDCO Bhavan.  “The housing scheme is planned to concentrate upon the Economically Weak Section (EWS) and

Central govt sanctions 5,000 houses per month

By Rohit Sharma MUMBAI The Housing Minister, Hardeep Puri on September 27 said that on monthly basis the government is sanctioning around 3,000 to 5,000 houses to complete the housing target by 2022. Puri was addressing the “Real Estate and Infrastructure Investors’ Summit – 2018 at Mumbai organised by NAREDCO and APREA. While

Poddar Housing to buy over 100-acre land for residential project

By Accommodation Times Bureau PUNE An affordable housing project is going to develop in Pune for which Poddar Housing and Development has agreed to buy over 102 acres land. The company said in a filing to BSE that its auxiliary Poddar Habitat Pvt Ltd has executed an agreement to acquire a land

Aavas Financiers Ltd raises Rs 520 Cr from 34 anchor investors

By Rohit Sharma MUMBAI Aavas Financiers Limited on September 24, raised Rs 520 crore from anchor investors ahead of its IPO, opens today (25 September). The Company has finalized 34 anchor investors at the upper end of the Price Band (Rs. 821 per equity share). The Company allotted a total of 6,336,439 equity shares

Ummeed Housing Finance may raised Rs 135 Cr in three round of funding

By Accommodation Times Bureau The Ummeed Housing Finance an affordable housing finance firm in its three rounds will have raised an approx Rs 135 crore in funding. In its latest round of funding, it raised Rs 72 crore. The firm brought on board impact investor LGT Impact and also Lok Capital participated