The policy will include increasing the floor space index & easing of density norms

An affordable housing policy is in the works to attract developers and to meet the shortage of around 25 million houses in the country. The Union Budget had announced access to external commercial borrowing (ECB) for affordable housing but the industry wasn't excited due to low margins in this category. Now, the Union Ministry of Housing and Urban Poverty Alleviation (Mhupa) is in the process of framing an affordable housing policy, expected to be finalised in two months.

Escrow account, routing of fund through specified agencies under consideration, real estate bodies want clarity in definition

The finance ministry is building safeguards to ensure realty companies do not misuse the external commercial borrowing (ECB) window announced in the Budget by diverting the money. A senior official told Business Standard modalities were being worked out for implementation of the Budget announcements. These were likely to specify the projects and also the developers who would be allowed to utilise the ECB facility.

MUMBAI: The state is against a central legislation for regulation of the housing sector. It feels that regulation and monitoring of housing must be dealt with at the state level.

The civic authorities have engaged the Housing and Urban Development Corporation (Hudco), a central agency, to prepare theme papers and detailed project reports on beautifying the city and making i

After bicycles and utensils, the SAD-BJP government has now started pasting cyclostyled messages at the entry gates of toilets in rural areas, singing praises of the Punjab Government for providing

NEW DELHI: The Planning Commission affidavit to the Supreme Court which claimed that a rural poor can manage food, education and health requirements with a mere Rs 25 a day has given fresh ammuniti

AIZAWL: The Central government has sanctioned 134 projects worth Rs.2,610 crore for poverty alleviation, development of infrastructure and providing basic services in the urban areas of the eight Northeastern states, an official release said here Sunday. “Under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), 134 projects with a cost of Rs.2,610 crore have been approved,” said the release quoting union Housing and Urban Poverty Alleviation Minister Kumari Selja.

With Bihar government voicing its reservation against the below poverty line (BPL) survey being conducted by the Central government, Union Rural Development Minister Jairam Ramesh is slated to visi

Kollam has become the first City Corporation in the State to finish the preliminary work including surveying and mapping of slums in the run-up to the rollout of the Rs 350-crore Rajiv Awaz Yojna (

‘Land acquisition a hurdle for RAY implementation’