AMC plans 9,959 houses for weaker sections
Nov 26, 2013
Source : The Times of India


AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has decided to build 9,959 houses for the weaker sections of the city. These houses will be constructed at 29 places in various parts of the city.AMC officials said that of the 9,959, AMC will build 5082 houses for Economic Weaker Sections (EWS) and 4877 houses for Low-Income Group (LIG) segment. These housing schemes will launched in 29 different places including Vejalpur, Nikol, Chandkheda, Chandlodia, Thaltej, Kali, Vadaj, Vastral, Kankaria and Shahibag among other areas.

Officials said that apart from land reserved for housing in approved town planning schemes, the AMC will also utilise 20% from the closed mills for these projects.Officials said that to qualify for an EWS house which has a carpet area of 28 sq meters, the annual income of the family should be less than Rs one lakh. These houses will be given to the beneficiary for Rs three lakh. The applicant will be required to pay Rs 7500 at the time of application.

For the LIG scheme houses which have a carpet area of 45 sq m, the income of the family should be between Rs one lakh and Rs 2.5 lakh. The allotted house will be cost Rs 10.50 lakh and Rs 11.50 lakh. The applicant will be required to pay Rs 20,000 with the application.Officials said that a beneficiary allotted the house under the scheme will not be allowed to sell or give his unit on rent for seven years. The person who is allotted the house will be required to pay a minimum 20% of the cost and the rest will be payable in 10 installments.

Latest Realty News

Hyderabad: Waiting for a sense of direction
Nov 26, 2013
HYDERABAD: The health of real estate cannot be different from the health of businesses. The health of business has a lot to do with the sense of a well- governed city, and a population that is positive about the future. “I can’t see enough mature sense of direction in this state separation and its long term impact oh Hyderabad city, there are so may unanswered questions,” confides one of India’s top infrastructure company CEO’s. “People we approach for investment, though very pleased with what w
Survey helps Hyderabad officials find litigation-free land
Nov 22, 2013
HYDERABAD: After a six-month marathon exercise on government land, the Hyderabad district administration has discovered 66 acres litigation-free government land, worth hundreds of crores, in its jurisdiction.
HMDA asked to speed up ongoing projects
Nov 13, 2013
HYDERABAD: The chief minister has directed the Hyderabad Metropolitan Development Authority (HMDA) to speed up ongoing projects like radial roads, new projects like Hyderabad Habitat Centre, Science City and initiatives like land pooling schemes and Educational Hub apart from lake protection works with specific time-frame.
JLL leases out PCMC’s first full-fledged mall
Nov 13, 2013
PUNE: Pimpri-Chinchwad Municipal Corporation, Pune’s thriving sister city, is all set to throw the doors of its first full-fledged mall open to the public. City One Mall, an joint undertaking by PCMC’s leading development companies Rama Group and Pharande Spaces, is being exclusively leased by out Jones Lang LaSalle India.
HMDA rejects plea of 69 colleges to regularize buildings
Nov 12, 2013
HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) has rejected Building Penalization Scheme (BPS) applications of 69 professional colleges and other educational institutions located in the surrounding areas of the city for not complying with rules and requirements for regularization. Though the HMDA can demolish the unauthorized buildings at any time, the officials are going slow on the managements.
Aussie training institute eying Indian market
Nov 08, 2013
HYDERABAD: The Service Trades College, Australia, which provides training for construction industry workers, is exploring opportunities to partner with the Indian industry and training institute for its services.
Incredible India launches new township project
Nov 08, 2013
HYDERABAD: Incredible India Projects Pvt Limited has announced the launch of a satellite township project about 59 km from the metropolis of Hyderabad.
Godrej Security to launch new products to secure homes
Oct 31, 2013
HYDERABAD: Godrej Security Solutions has in its pipeline new products in the home safe and video door phone categories.
Few points to consider before investing in real estate
Oct 29, 2013
HYDERABAD: Buying property requires knowledge and information, and given the magnitude of investment, one has to be well-aware of the important aspects related with the transaction. Here is a quic
3-day real estate show gets under way in Hyderabad
Oct 28, 2013
HYDERABAD: Leading property developers, housing finance institutions and banks are taking part in the three-day Property Show 2013, which got underway here on Friday.

Latest Realty News Of State

Realty Talk's