MoHUA amends housing scheme guidelines under PMAY

By Accommodation Times Bureau NEW DELHI To enhance its coverage under Pradhan Mantri Awas Yojana (PMAY), the Housing ministry has amended the guidelines of the housing scheme. According to the amended guidelines, areas falling within notified planning or development area under the jurisdiction of an industrial development authority or urban development authority or

SBI to raise Rs 5k crore through bonds for affordable housing

By Accommodation Times Bureau NEW DELHI On Tuesday, State Bank of India (SBI) said it proposes to raise Rs 5,000 crore to fund affordable housing through long-term bonds. SBI said in a filing to stock exchanges, that the proposed bond raising programme aims at funding infrastructure and affordable housing. For financing of infrastructure and

Finance to Large Infra Project

By Accommodation Times Bureau  NEW DELHI Pon Radhakrishnan, Minister of State for Finance, informed Lok Sabha today that the government has taken several steps to mobilize funds from various sources, including from capital market, for development of infrastructure. Steps include launching of innovative financial vehicles such as Infrastructure Debt Funds, Infrastructure Investment

Nagpur civic authority cuts 200% extra tax on rented properties

By Accommodation Times Bureau NAGPUR On Thursday, Mayor Nanda Jichkar announced during a conference that, Nagpur Municipal Corporation (NMC) has decided not to levy any extra tax for rented properties. The relief has been given for both residential and commercial properties. Until now, rented properties were taxed at thrice the normal rate. A

Smart City Mission: progress in Guwahati, Dharamshala not satisfactory says Official

By Accommodation Times Bureau NEW DELHI The Ministry of Housing and Urban Affairs (MoHUA) was anxious over “unsatisfactory” progress in smart city projects, an official said. In a review of smart city projects by the MoHUA, it was flagged that Guwahati and Dharamshala were lagging behind in the implementation of projects under the