The move to increase the priority housing loan limit to Rs 25 lakh was a positive one that will lead to increasing the base of home loan takers and thereby a boost for affordable housing.
The government on Monday said low-cost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing.
The limit of funds to be invested by foreign investors in the Indian infrastructure sector has been raised with Finance Minister Pranab Mukherjee also allowing mutual funds to accept foreign funds in the national budget presented on Monday.
With the reasonable expectation of a roof over the head not very long ago, the real estate boom in the last decade has scaled up the liberty of choice for the average home buyers. While the aspirations of even the middle and lower middle income with moderate budgets have gone up, there are very many residential projects launched in recent times that seem to fill the gap with the promise of faster deliveries, hi-tech amenities, luxurious lifestyle, lush green surroundings within the affordable range of 20-40 lakhs.
Vastu principles are practical for all buildings whether it is a home, factory, temple or even an office. Office is mainly built to generate financial growth of business. Vastu suggests some rules in building offices that prove to be very functional for economic growth of the organization.
Real Estate and Finance Minister seem to be at logger heads over the wants and needs of the sector. Interestingly when one proposes and the other disposes, both of them justify their stand in the name of “Aaam Aadmi”, the common man who is the consumer and the end-user. But in this cacophony of confusion the “Aaam Aadmi” is often found wondering as to who will ask for his wish list with Union Budget.
Realty firm Ansal API is looking at a fund infusion of about Rs 500 crore from a host of private equity investors, including IL&FS Investment Managers and Red Fort Capital, for its ongoing construction work in north India.
The building which has come up in place of the open air stadium has 8 giant halls in petal shape on the ground level and an equal number on the first floor ringed by a corridor that can house small shops. What’s left of central playing area is a circle with a diameter of 60 meters, built like an amphitheatre. The floor has been cemented so the entire structure on the erstwhile stadium doesn’t have an inch of grass left.
Omaxe Infrastructure & Construction Ltd (OICL), a wholly owned subsidiary of Omaxe Ltd, has bagged a contract from Director General Married Accommodation Project (DGMAP), Ministry of Defence, to construct residential accommodation including allied services for Officers, JCO / ORs at Deolali (Army) and Nasik (Air Force), Maharashtra.
Apart from the clear CRZ, lease agreement, FSI and Green Zone violations, the Vallabhbhai Patel Indoor Stadium also goes against ULCRA rules. JR Jondhale, the then additional collector with Urban Land Ceiling Department had even written to the BMC in 2007 demanding that the construction of the indoor stadium be stopped.