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Monthly Archives: June 2019

DLF-GIC joint venture to build over 2.5 million sq ft ...

The new project, to be known as Down Town, will be constructed on a 23-acre land parcel owned by DLF in Gurugram. GURUGRAM: Singapore’s sovereign wealth fund GIC is strengthening its alliance with India’s largest listed realty developer DLF as it seeks to participate in helping build the country’s biggest retail mall of more than 2.5 million sq ft, said two persons with direct knowledge of the development. The …

DDA to seek residents’ feedback on master plan 2...

“The website will be a single platform with all information regarding the Master Plan for Delhi 2041 and other related DDA policies. It will be in the form of a microsite within DDA’s official website. A link on the homepage will take people to the master plan microsite,” an official working on the website said. NEW DELHI: Delhi Development Authority (DDA) is all set to launch …

Builders must pay three years’ rent for SRA projects: ...

In a discussion at the assembly, he said the plan suggested by housing minister Vikhe-Patil will help avoid many problems later. Chief Minister Devendra Fadnavis said on Friday that builders will have to deposit rent for three years in advance for slum rehabilitation projects to avoid problems later. In response to a discussion on Mumbai in the state legislative assembly, Fadnavis said that when project costs …

Centre approves 2.5 lakh more houses under PMAY

The approval was given in a meeting of the central sanctioning and monitoring committee (CSMC) chaired by ministry secretary Durga Shanker Mishra. NEW DELHI: The Centre Friday sanctioned over 2.5 lakh more affordable houses in 10 states under the Pradhan Mantri Awas Yojana (Urban). According to the Housing and Urban Affairs Ministry, the total number of houses being funded under the PMAY(Urban) is close to 84 …

Mumbai: Japanese MNC bids Rs 2,238 crore for three-acr...

A senior officer of the Mumbai Metropolitan Region Development Authority (MMRDA) said Sumitomo’s was the sole bid submitted. “We are currently processing the bid,” he told TOI . MUMBAI: Japanese conglomerate Sumitomo has shaken Mumbai’s dormant property market by submitting a whopping bid of Rs 2,238 crore for a three-acre plot in Bandra-Kurla Complex. It works out to around Rs 745 crore per acre, which is perhaps …

Women to be made owners of PMAY houses in Madhya Prade...

The Madhya Pradesh government has decided to make women owners of the houses provided under the Pradhan Mantri Awas Yojana (PMAY). BHOPAL: The Madhya Pradesh government has decided to make women owners of the houses provided under the Pradhan Mantri Awas Yojana (PMAY). “The government will now issue certificates and register the houses in the name of a woman of the family. The authorities have been instructed …

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Government may deliver one crore houses two years befo...

Union housing minister Hardeep Singh Puri said he was confident that sanction for almost all required number of houses will be received by the first quarter of next year and completion of constructions will be achieved by the end of the year. HIGHLIGHTS The government had set the 2022 deadline for PM Awas Yojna (PMAY) PM Modi in a tweet said: ‘No stone will …

Over 81 lakh houses sanctioned under PMAY-Urban in las...

Out of the total, around 48 lakh houses are at various stages of construction. 26 lakh houses have already been completed and handed over. Over 13 lakh houses are being built using new technologies. NEW DELHI: More than 81 lakh houses at a total investment of Rs 4.83 lakh crore have been sanctioned under Pradhan Mantri Awas Yojana (Urban) in the last four years, according to …

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