The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch with the central government acquiring the 22 hectares of land that had stalled the project. This is good news for real estate companies that had invested over Rs 60,000 crore in residential and commercial projects along the…
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Realty firm CHD Developers today said it will invest Rs 90 crore to develop over 700 independent floors in its township project at Karnal, Haryana. The national capital-based company will sell floors in a price range of Rs 14-18 lakh in the 40 acre project CHD Green Park Residences. In a regulatory filing, the company…
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The ministry of housing and urban affairs has approved the construction of 112,083 more affordable houses under its flagship Pradhan Mantri Awas Yojna (Urban), with an investment of Rs 8,105 crore, a government release said. The central assistance for the same will be Rs 1,681 crore. The approval was given at the 28th meeting of…
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In a move that could provide a fillip to affordable housing finance in India, the International Finance Corporation, a member of the World Bank Group, has partnered with the country’s largest mortgage lender HDFC to create an $800-million fund to finance construction of affordable houses. To create this fund, IFC will pump in $200 million…
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