Stay updated with the latest affordable-housing news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on affordable-housing topics.
The decision builds on the Pradhan Mantri-Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY) - launched in 2019 to confer ownership rights to residents of unauthorised colonies. Officials familiar with the development said that while the scheme enabled ownership through conveyance deeds and authorisation slips, the absence of approved layout plans had emerged as a key hurdle in allowing construction approvals and full regularisation. Delhi chief minister Rekha Gupta said the latest st ...Read More >
The Centre and Delhi government announced a revised transit-oriented development policy to boost affordable housing and urban mobility near transit corridors. The Centre and Delhi government on Tuesday announced a revised framework for transit-oriented development (TOD) in the national capital, proposing development within a 500-metre influence zone of Metro, railway and RRTS corridors, covering nearly 207 square kilometres. The revision links high-density, mixed-use development with mass trans ...Read More >
NEW DELHI: To promote planned urban growth and improve affordable housing availability in Delhi, the Centre on Tuesday unveiled a revamped Transit-Orientated Development (TOD) policy, which allows a higher floor area ratio (FAR) within a 500-metre radius of Delhi Metro, the Regional Rapid Transit System (RRTS) and India Railways corridors. In the zones to be taken up under the TOD project, a maximum floor area ratio (FAR) of up to 500 will be permitted on a plot measuring 2,000 sqm and above wi ...Read More >
New Delhi, April 7 (SocialNews.XYZ) Union Housing and Urban Affairs Minister Manohar Lal on Tuesday announced the regularisation of 1,511 "unauthorised colonies" of Delhi on "as is, where is" basis, a decision offering relief to 45 lakh migrant residents of these colonies that came up in violation of building bye-laws over the past three to four decades. Addressing a joint press briefing with the Delhi Chief Minister Rekha Gupta, Union Minister Lal said the "legal tag" for the houses in these u ...Read More >
Mumbai, April 1: The Maharashtra Housing and Area Development Authority (MHADA) has officially commenced the registration process for its highly anticipated Mumbai Board Lottery 2026. This year, the authority is offering 2,640 apartments across various prime and developing locations in the city. Aimed at providing affordable housing to different income strata, the lottery remains a critical gateway for middle- and lower-income residents seeking homeownership in an increasingly expensive real est ...Read More >
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) on Tuesday signed an agreement with Singapore-based Surbana Jurong for the preparation of a comprehensive master plan for the proposed New City project here. The agreement was signed by BDA secretary Manas Ranjan Padhi and Surbana Jurong's deputy director Manideep Dutta in presence of senior officials, including deputy commissioner and nodal officer (New City) Bhabataran Sahu. The project will span over 800 acre area across Gothapatna, M ...Read More >
New Delhi, Dec 17 ( UNI) India is working towards securing 25 per cent of global trade in the coming years by building on its strong macroeconomic foundations, resilient growth trajectory and rapidly expanding entrepreneurial ecosystem, said Finance Minister Nirmala Sitharaman. The Finance Minister was addressing the India Economic Conclave in Delhi on Wednesday. She said the global economic landscape is undergoing a major shift, with trade increasingly getting weaponised through tariff restri ...Read More >
Patna: CM Nitish Kumar on Tuesday announced the implementation of the 'Saat Nischay 3.0' (Seven Resolves-3.0) programme for 2025-30, aimed at bringing Bihar into the category of developed states.Announcing the details, Nitish said his govt has set a target to secure at least Rs 50 lakh crore in private investment over the next five years. "Since our govt was formed on Nov 24, 2005, there has been rule of law in the state, and work has been carried out continuously for 20 years for the developmen ...Read More >
Patna, Dec 16 (PTI) The Nitish Kumar government on Tuesday approved the 'Saat Nishchay-3' programme to bring Bihar into the category of most developed states. The decision was taken at the cabinet meeting chaired by Chief Minister Nitish Kumar. The CM posted on X, "Saat Nishchay-1 (2015-20) and Saat Nishchay-2 (2020-25) were based on the concept of development with justice and the third edition is the continuation of the same." He said that the programme includes double employment, double inco ...Read More >
Patna: The Nitish Kumar government on Tuesday approved the 'Saat Nishchay-3' programme to bring Bihar into the category of most developed states. The decision was taken at the cabinet meeting chaired by Chief Minister Nitish Kumar.The CM posted on X, "Saat Nishchay-1 (2015-20) and Saat Nishchay-2 (2020-25) were based on the concept of development with justice and the third edition is the continuation of the same."He said that Saat Nischay-3 includes double employment, double income; prosperous ...Read More >
New Delhi, Nov 19 (SocialNews.XYZ) Mortgage finance companies outside the banking sector are expected to see strong growth over the next two years, a new report said on Wednesday. According to data compiled by Crisil Ratings, the assets under management (AUM) of non-bank mortgage lenders are set to rise by 18-19 per cent this fiscal and the next, matching the 18.5 per cent growth recorded last year. However, the three key loan segments -- home loans, loans against property (LAP), and wholesale ...Read More >
Housing sales across India's top eight cities saw a slight increase in the July-September quarter. New housing unit launches also grew compared to the previous year. Demand in premium segments remains strong. However, affordable housing faces challenges due to price rallies. Developers are encouraged to boost supply in this vital segment to improve affordability for end-users. Sales of residential properties across the top eight cities rose slightly to 96,827 units in July-September on strong d ...Read More >
An SBI research report indicates that the Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is driving a significant shift in digital payment behavior. The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is not only fulfilling the dream of home ownership for millions of urban poor and middle-class families but is also driving a remarkable transformation in digital payment behaviour, noted a research report from the State Bank of India (SBI). Add Asianet Newsable as a Preferred Source The sc ...Read More >
New Delhi: With the RBI choosing to keep the repo rate steady at 5.5 percent, there's a mix of relief and realism across industries. For homebuyers, it means no change in EMIs is a kind of welcome sign, especially during the festive season. But real estate experts caution that this alone won't solve deeper affordability issues. On the other hand exporters, particularly small engineering firms are feeling the squeeze from global trade tensions and are calling for more support. From cement GST cut ...Read More >
The Supreme Court on Friday suggested major reforms in the Insolvency and Bankruptcy Code "to restore faith in the regulatory and insolvency framework," even as it urged the government to come up with a revival fund to provide financing for stressed real estate projects undergoing insolvency proceedings. The apex court said that the Right to Housing was not merely a contractual entitlement but a facet of the fundamental Right to Life under Article 21 of the Indian Constitution and the governmen ...Read More >
New Delhi: Home prices in India are rising faster than expected, driven by strong demand from affluent buyers, while a shortage of affordable housing is keeping many urban residents confined to expensive rental options, according to a recent Reuters survey of property experts. The concentration of well-paying jobs in a few major cities, combined with stagnating wages, has put home ownership out of reach for millions moving to urban areas for work. This trend is forcing most first-time buyers to ...Read More >
BENGALURU, Sept 10 (Reuters) - Australia's home prices will rise around 5-6% over the next two years as lower borrowing costs provide a fillip to home sales, although affordability pressures may cap gains, according to a Reuters poll of property analysts. While a 5% rise pales in comparison with past booms, any sustained growth in house prices will make it harder for first-time buyers to get a foothold in Australia's already expensive housing market - the median home price is nearly eight times ...Read More >
Mumbai, Aug 25 (PTI) Non-bank lender Altum Credo on Monday announced a Rs 170 crore fund raise from existing investor UK's development finance institution and impact investor British International Investment (BII). The funding will help the Pune-headquartered affordable housing-focused lender expand its operations in the country, as per a statement. The company has served over 15,000 customers in six states covering southern and western India, and manages assets of over Rs 1,000 crore. The in ...Read More >
Bhubaneswar: Odisha Governor Hari Babu Kambhampati has urged real estate developers to expand their investments beyond major urban hubs and into tier-II and tier-III cities to promote balanced urbanisation and sustainable development across the state. Speaking at the Extraordinary General Meeting (EGM) of the Confederation of Real Estate Developers' Associations of India (CREDAI) held in Bhubaneswar on Saturday, the Governor emphasized the need for ethical business practices and customer-first ...Read More >
Niwas Housing Finance, formerly known as IndoStar Home Finance, is an affordable housing finance company with Rs 3000 crore ($ 359 million) in assets under management that has supported over 47,000 low income homeowners and small businesses across India Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500 crore ($58 million) as gro ...Read More >
Mumbai, July 17 (SocialNews.XYZ) Maharashtra Deputy Chief Minister Eknath Shinde, who holds the urban development and housing departments, on Thursday said the government is working to bring back Marathi people who have left Mumbai, by removing obstacles and fulfilling the common man's dream of owning a house in the metropolis. Apart from this, the efforts made by the Mahayuti government will bring about a radical change in the lives of the citizens of Mumbai, which is the growth engine of the ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population ...Read More >
New Delhi, Jul 17 (PTI) Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd. Following the acquisition, EQT will invest Rs 500 crore as growth capital to support geographic expansion and enhance digital capabilities of Niwas Housing Finance, a joint statement said. Also Read | 'A Decade of Digital India' Reel Contest by Government of India: How To Participa ...Read More >
New Delhi, Jul 17 (PTI) The Panchayati Raj Ministry on Thursday said it has brought together 19 partner institutes of planning and architecture to prepare spatial development plans for 36 gram panchayats across 14 states as a pilot project. A two-day workshop in this regard, titled 'Navingram --" Re-Imagining the Village', commenced in Madhya Pradesh capital Bhopal on Thursday, the ministry said in a statement. A Gram Panchayat Spatial Development Plan (GPSDP) is a comprehensive plan that guid ...Read More >
New Delhi, Jul 17 (PTI) Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd. Following the acquisition, EQT will invest Rs 500 crore as growth capital to support geographic expansion and enhance digital capabilities of Niwas Housing Finance, a joint statement said. This transaction valued at Rs 1,750 crore marks a significant milestone in Niwas' journey as ...Read More >
Mumbai, Jul 17 (PTI) The Maharashtra government is committed to bringing back Marathi speaking families who were forced to leave Mumbai due to lack of affordable housing, Deputy Chief Minister Eknath Shinde said on Thursday. Replying to a debate under Rule 293 in the assembly, Shinde said the Mahayuti government is undertaking a major urban transformation of Mumbai that will bring "historic changes" in the lives of its residents. The state government has drafted a new housing policy to constru ...Read More >
New Delhi: Delivering the special address at the ASSOCHAM Real Estate Conference 2025 on "Ease of Doing Business in Real Estate," Mr. Durga Shankar Mishra, IAS (Retd.), Former Secretary, Ministry of Housing & Urban Affairs, Government of India & Former Chief Secretary, Government of Uttar Pradesh, emphasized the critical role of the real estate sector in shaping India's urban and economic future. "India's urban population is projected to grow to approximately 88 crore by 2047 under the Viksit B ...Read More >
Mumbai: Bernstein initiated coverage on housing finance companies in the affordable segment and assigned an 'Outperform' ratings to HomeFirst Finance, Aptus, and Aadhar; and 'Market-Perform' ratings to Aavas and PNB Housing Finance. The brokerage said around 60% of the labour force has access to credit and mortgages are likely to drive the next leg of growth given the low mortgage penetration. "We expect affordable mortgages (ticket size Affordable housing space remains attractive with over 3 ...Read More >
NEW DELHI: The Delhi Jal Board (DJB), in a board meeting held on Wednesday and chaired by Water Minister Parvesh Verma, cleared several long-pending infrastructure projects aimed at improving water supply and sewerage services across the national capital. The decisions are expected to benefit lakhs of residents and address delays that have stalled essential public utilities. A key decision taken at the meeting was to allow DJB to directly handle water and sewerage schemes for the Delhi Develop ...Read More >
Mumbai: An article by Congress leader Rahul Gandhi terming the 2024 state assembly polls as 'match-fixing' stirred a political controversy in Maharashtra. Statement Of Maharashtra CM Devendra Fadnavis Chief Minister Devendra Fadnavis said the Congress leader was insulting the voters and Ladki Bahins of Maharashtra. He said, "Rahul Gandhi has accepted his defeat in Bihar. As long as Rahul Gandhi keeps giving himself false assurances, his party can never win". Revenue Minister Chandrashekhar Ba ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.