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

Govt hikes small saving interest rates

By Accommodation Times Bureau NEW DELHI The government on September 20 has announced the rates of interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting October 1, 2018, and ending on December 31, 2018. On the basis of the decision of the government, the interest

Customers using high-end mobile phones ready to pay average 20% more rent in India

By Rohit Sharma MUMBAI Customers using the phone which cost over Rs 50,000 would be willing to pay 20% higher rent with an average budget of Rs 25,000 per month, according to a study conducted by two real estate web portal. Data from the study suggest that on average, “A user with a

India commences first-ever three-way bank amalgamation process

By Accommodation Times Bureau NEW DELHI The Union Finance Minister Arun Jaitley and Cabinet Ministers, Piyush Goyal and Nirmala Sitharaman on September 17 decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three banks. According to the Ministry of Finance, ‘The envisaged amalgamation will be the First-ever

MoHUA established ‘Housing for All – Knowledge Lab’ for information

By Accommodation Times Bureau NEW DELHI In pursuance of the vision of Government of India to facilitate "Housing for All by 2022", the Ministry of Housing and Urban Affairs have taken several steps to implement the housing projects under Pradhan Mantri Awas Yojana (Urban).  In this regard, knowledge in various thematic areas

Aavas Financiers Ltd IPO opens on Sept 25, fresh issue of share comprises worth Rs 4,000 million

By Rohit Sharma MUMBAI A housing finance firm, Aavas Financiers Limited proposes to open on September 25, 2018, an IPO of equity shares of Face Value of Rs. 10 each Equity Shares for cash at a Price per Equity Share (including a Share Premium) offer comprising a fresh issue of up to Rs.