Officials of the Ministry of Housing and Urban Poverty Alleviation (MHUPA) met the representatives of other Ministries — Finance, Defence, Culture, Civil Aviation, Environment and Forests and Clima

PM Narendra Modi's new government on Thursday unveiled a Budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.

Developers have demanded lower borrowing cost for the housing sector as well as reduced taxes to promote affordable housing

The housing shortage in the urban areas has touched 18.78 million units, where 95% of the shortage is in the economically weaker section and low income group, a report by the National Housing Bank

The housing shortage in the urban areas has touched 18.78 million units, where 95% of the shortage is in the economically weaker section and low income group, says this report by the National Housing Bank (NHB).

The World Bank has signed an agreement with the Indian government to provide a USD 100 million loan to help low-income families secure housing loans.

Bank Loans To Applicants Have Not Gone Beyond 20% So Far

Loan granted under concessional International Development Association window on a long-term basis for 25 years

The World Bank has approved a concessional loan of $100 million to the National Housing Bank (NHB) for implementation of low income housing programme.
The loan has been granted under the concessional International Development Association window on a long-term basis for a period of 25 years.

The govt intends to construct about 20,000 units annually under the scheme

To meet the growing demand for affordable housing in the state, the government is planning to build 5000 housing units immediately under a new scheme.
"Immediately we plan to take up a project at Gothapatana, on the outskirt of the city. The housing units will be built on 15-20 acres of land out of 100 acres identified there ", Injeti Srinivas, Secretary , Housing and Urban Development (HUD) department, said on the sideline of a state level workshop on Affordable Urban Housing of Odisha-2012.

Govt asks bankers to pitch in with Rs 1,000 crore for scheme

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