Chandigarh Housing Board approves construction of 492 flats

By Accommodation Times Bureau CHANDIGARH The Chandigarh Housing Board (CHB) held in its 410th meeting on Tuesday for need-based changes in CHB Dwelling Units and several major decisions were taken. The following is a list of the major decisions taken by the Board: 1. Need-Based Changes in Chandigarh Housing Board Dwelling Units The Board has

Govt to ease on green norms to make housing affordable

By Accommodation Times Bureau NEW DELHI In its effort to make 'housing for all by 2022' a reality, the Centre has proposed to ease green norms for the building and construction sector where projects up to 50,000 sq metres will not require prior 'environmental clearance'. The environment ministry had last week issued a

21.97 Lakhs houses completed under PMAY

By Accommodation Times Bureau PIB Release: A press report published in The Times of India on 22nd Mar 2018 under the heading “PM Awas Yojana: Only 8% target met under Urban housing scheme”is misleading. The figure of “8% target met “was derived by using only the ‘houses completed data’ which is an incorrect application of statistics. The

Budget 2018 misses imp amendments in Real Estate Sector: Realty Players

By Accommodation Times Bureau MUMBAI The Union Minister for Finance and Corporate Affairs, Arun Jaitley, announced Rs.14.34 lakh crore to be spent in 2018-19 for the creation of livelihood and infrastructure in rural areas which is the highest amount to be invested in 2018-19. “As my proposals outlined indicate, the focus of the

Indiabulls Finance raises Rs 315 crore for affordable housing sector

By Accommodation Times Bureau NEW DELHI A home-loan provider firm, Indiabulls Housing Finance Limited (IBHFL) has raised about Rs 315 crore via masala bond, IBHFL said in a statement on Wednesday. The company stated in a statement that, the Indian currency denominated bond proceeds will be used for financing the affordable housing sector. “This

Assam Govt to build 83k houses under new policy

By Accommodation Times Bureau GUWAHATI The Government of Assam said for the financially weaker section of the society it would build 83,000 houses in urban areas under a new Affordable Housing Policy. The Chief Minister Sarbananda Sonowal has ordered the Urban Development Department to prepare the policy at the earliest. An official release said,

Policy for rental accommodation, affordable housing soon in Punjab

By Accommodation Times Bureau CHANDIGARH The government of Punjab is working on two scheme these includes rental accommodations and affordable housing site across the state for the benefit of seniors and students seeking affordable rental accommodation in Punjab. As part of the concept for affordable housing, the push will be on making smaller