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Realty sector: Getting the foundation right

-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...

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Cabinet okays plan to build 2 crore houses by 2022

-Hindustan Times The Union cabinet on Wednesday approved “Housing for All”, the NDA government’s flagship programme of building two crore houses by 2022. The scheme is piloted by the housing and urban poverty alleviation ministry. Aiming to promote affordable housing, the cabinet approved a substantial increase in interest subsidy on housing loans — from 4% to 6.50% — for those from the economically weaker sections (EWS) and low-income groups (LIG). This would...

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Delhi: Gang that forged papers for EWS admission had links with schools -Ananya Bhardwaj

-Hindustan Times New Delhi: The police have identified the gang that helped its clients procure fake and forged documents to obtain admissions for nursery seats under the economically weaker section (EWS) category in the Capital. Police sources said that the kingpin of the gang is a woman called Punita. She has a team of six members who procured forged income certificates for their clients and sold it to them for several lakhs. Investigation...

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1.2 crore vacant homes– This one number tells us all that is wrong with Indian real estate -Vivek Kaul

-FirstPost.com Anshuman Magazine, chairman and managing director of CBRE South Asia Pvt. Ltd., in a recent article writes that “around 1.2 crore completed houses” are “lying vacant across urban India”. This one number tells us all that is wrong with Indian real estate. Even though there is a huge housing shortage in urban India, 1.2 crore completed homes are lying vacant. As the latest Economic Survey points out: “At present urban housing...

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Delhi: Slum shame -Mayura Janwalkar

-The Indian Express Delhi’s slums house people whose work makes the lives of its better-off citizens easier but they themselves offer the worst of living conditions. Lakhs of people are denied the basic need for a toilet, breeding indignity and infections. The city’ urban shelter agency DUSIB’s report on how to make the city slum-free is a challenge for any government, especially one elected on a pro-poor agenda. The Indian Express...

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