Affordable housing

External Borrowing Norms for Housing Projects

The policy regarding ECB for the low cost affordable housing projects has been recently reviewed in consultation with RBI and has been rationalized as under: ¢ Developers/builders should have a minimum of three (3) years™ experience in undertaking residential projects as against five (5) years prescribed earlier and should have good track record in terms… Read More

Tags: Affordable housingExternal Commercial BorrowingfinanceLok SabhaNational Housing BankNHBPublic housingReal Estate

India Signs Loan and Project Agreements with World Bank for US $100 Million for Low Income Housing Finance Project

The Loan and Project Agreements for World Bank (IDA) assistance of US $100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB) and the World Bank here yesterday. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of… Read More

Tags: Affordable housingfinanceFinance MinisterGovernment of IndiaIndiaNational Housing BankNHBWorld Bank

Government will Continue to Play Pioneering Role in Providing Policy Stimulus to Real Estate Sector

Government will Continue to Play Pioneering Role in Providing Policy Stimulus to Real Estate Sector : Dr Girija Vyas; Delivers Keynote Address at National Convention of CREDAI at Moscow Dr Girija Vyas , Minister for Housing & Urban Poverty Alleviation has stated that the Government will continue to play a pioneering role in providing policy stimulus… Read More

Tags: Affordable housingGirija VyasGovernment of IndiaIndiaJawaharlal Nehru National Urban Renewal MissionMoscowReal EstateVyas

RBI Notification on External Commercial Borrowings (ECB) for the low cost affordable housing projects

RBI/2012-13/539 A.P. (DIR Series) Circular No. 113 June 24, 2013 To All Authorised Dealer Category I Banks Madam / Sir External Commercial Borrowings (ECB) for the low cost affordable housing projects Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 61 dated December 17, 2012 on… Read More

Tags: Affordable housingECBExternal Commercial BorrowingfinanceForeign Exchange Management ActNational Housing BankReal EstateRupee

Changes proposed in Model Rent Control Act

Land™ and ˜Ã‡olonisation™ are State subjects and the issue of Rent Control falls within the relm of State functions. Rent control reforms were a part of optional reforms under JNNURM. The Ministry of Housing & Urban Poverty Alleviation has circulated a draft Model Rent Control Act for ascertaining the views and comments of States and… Read More

Tags: Affordable housingAjay MakenCabinet of IndiaJawaharlal Nehru National Urban Renewal MissionMinistry of Housing & Urban Poverty AlleviationPradeep KumarRajya SabhaUnion territory

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