Concrete step for housing projects in Delhi
Jul 12, 2014
Source : The Times of India


DELHI: Housing and basic services for the economically weaker sections have got a fillip in this year’s Budget. Besides Rs 700 crore for water and power reforms, the city has received a grant of Rs 1,350 crore, of which Rs 700 crore is for development projects under the Jawaharlal Nehru National Urban Renewal Mission.

The city government is expected to combine the central allocation of Rs 2,050 crore under these heads with the final proposals for its own Rs 32,000-crore budget. Since Delhi is under President’s Rule, the state budget will be tabled before the Parliament for approval later this month.

Of the Rs 1,350-crore central allocation, Rs 325 crore represents Delhi’s share in central taxes and a like amount is provided as central assistance under the plan head. JNNURM projects have received Rs 700 crore. Rajiv Awas Yojana forms a key component of JNNURM for providing housing to the economically weaker sections. In Delhi, thousands of houses built under the project lie unused on the outskirts of the city due to a slow allotment process that has been hounded by controversies.

Sources said the Rs 1,350-crore allocation was sanctioned by the UPA government in the Interim Budget before the Lok Sabha polls. The BJP government has kept the sanctioned amount intact. Under the non-plan head, Delhi has got Rs 50 lakh for enhanced compensation to victims of the 1984 riots and Rs 2 crore for improvement of the statistical system.

Latest Realty News

CREDAI expects 'Acche Din' for Real Estate Sector with the budget
Jul 11, 2014
Hyderabad: The real estate industry which has been looking forward for rapid development and growth in the real estate sector and infrastructure space since the NDA government has taken over at the centre, gets a place of importance in this budget.
Developers send wish list to finance ministry
Jul 10, 2014
DELHI: The real estate reeling under slump has sought relief from the finance and urban development ministry in the upcoming budget.
Indiabulls Real Estate rises after large bulk deal
Jul 10, 2014
DELHI: Indiabulls Real Estate rose 0.89% to Rs 86 at 14:13 IST on BSE after 2.29% equity changed hands in a bulk deal on BSE today, 9 July 2014.
Developers send wish list to finance ministry
Jul 09, 2014
NOIDA: The real estate reeling under slump has sought relief from the finance and urban development ministry in the upcoming budget.
Expectations of realty sector from Budget 2014
Jul 09, 2014
DELHI: The change in the political landscape and resurgent optimism in the Indian economy have created widespread expectations from the forthcoming Indian Budget 2014.
26 builders qualify for nine Gr Noida housing plots
Jul 09, 2014
DELHI: In a boost to the finances of the Greater Noida Industrial Development Authority (GNIDA), 26 builders on July 7 qualified in the financial bids for 9 of the 11 group housing plots on offer in Greater Noida. The bids made the authority richer by over Rs 61 crore. Bids of two developers were rejected after scrutiny of their technical papers, said GNIDA officials.
Future uncertain for 1 lakh Noida home buyers
Jul 09, 2014
DELHI: Okhla bird sanctuary was notified in 1990. Builders got land and sanctions post-2006. People bought flats, investing their life’s savings, only to realize at the last minute that the projects in Noida won’t get a completion certificate because of a recent NGT ruling marking as eco-sensitive the area around a 10-km radius of the sanctuary. The ball is now in the court of the UP govt and the MoEF. As buyers fret, TOI traces the genesis of the crisis that has affected thousands of people.
Top 10 expectations from Budget 2014
Jul 09, 2014
DELHI: The real estate sector has been a major driver of India’s economic growth as it contributes 6.3 percent to the nation’s GDP (2012-13) and is a major source of revenue for central, state and local governments.
Delhi Development Authority plan in the offing to build 4,500 flats for the elderly
Jul 08, 2014
DELHI: Delhi Development Authority has drafted a proposal to create the biggest housing project for the elderly built with government participation in the country. Spread over 24 acres in Rohini, the plan is to construct around 4,500 one-room flats for the elderly on rental basis with common kitchens, canteens, medical and recreational facilities.
Budget 2014: 5 changes to improve housing and real estate sector
Jul 07, 2014
DELHI: The real estate sector has been the backbone of the Indian economy and has been a major contributor in the economic growth. The approach followed by real estate players have been instrumental in changing the face of the country, from being under-developed to accelerating its way to a developed country. The sector contributes about 6.3 percent to the nation's GDP (2012-13) is a major source of revenue for Central, state and local governments and provides employment to more than 50 million

Latest Realty News Of State

Realty Talk's