Page 2 - Housing Projects

Govt clears Rs 540 cr from stress fund for stalled housing projects

The Central government last year announced a Rs 25,000 crore fund to help complete over 1,500 stalled housing projects

UP may announce package for stressed housing projects as unsold stock soars

Projects in the state have a combined inventory of 100,000 units valued at Rs 1.50 trn, mostly in Noida and Greater Noida

Rs 25,000-cr fund to ease realty sector's liquidity situation: JLL India

Real estate developers are currently facing a huge cash crunch, but the situation is likely to improve with the government announcing a Rs 25,000-crore fund to complete stalled housing projects, JLL India CEO and Country Head Ramesh Nair said on Wednesday. The government should ensure that this fund is disbursed to the identified stalled housing projects quickly and in a transparent manner, he added. "There is absolutely no liquidity in the real estate market. Developers are not getting funds from the non-banking financial companies (NBFCs)," Nair said, while speaking on the sidelines of a hackathon event to select three proptech (property tech) startups. He said the NBFCs, which have been the major source of funding for real estate developers from last many years are facing liquidity crunch post IL&FS default. However, Nair said the situation is likely to improve with setting up of this alternate investment fund (AIF) with a corpus of Rs 25,000 crore. "This Rs 25,000 crore fund .

Letter to BS: Rs 25,000 crore realty corpus is a game changing move

Corpus announced by the government can help in the recovery of economy

Homebuyers body cheers govt's realty push, demands fund transparency

The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.

Rs 25,000-cr boost for realty: Govt sets up fund to revive stalled projects

Targeted at affordable and middle-income housing units, the fund will address residential properties in Mumbai that are priced below Rs 2 crore

Shapoorji Pallonji in talks with partners to augment MIG housing platform

Shapoorji Pallonji Real Estate is developing projects in Mumbai, Thane and Bengaluru

Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr

Promoted by HCC, Lavasa was set up as a picturesque hill station near Pune in Maharashtra in 2000. It defaulted on Rs 4,150 crore in loans to banks

UP RERA summons promoters of 22 projects in NCR over possession delay

Under Section 63 of the RERA Act, if the replies are deemed to be inappropriate then penalty of 5 per cent of the total project cost will be levied on them

Rs 20,000 crore fund for stalled housing projects likely in 45 days: Report

In the fund, Rs 10,000 crore will be contributed by the central government and roughly, the same amount will come from outside investors

Moving NCLT against a builder gone bust may not always work for homebuyers

Homebuyers should keep IBC as the last resort; if the delayed project is without encumbrances, they should explore self-development

Rs 10,000 crore window to extend funding to stranded housing projects: FM

The fund will be managed by professionals, the finance minister added

Govt sets up task force to streamline infra projects worth Rs 100 trillion

The FM also said an organisation would be set up to provide credit enhancement for infrastructure and housing projects, increasing the flow of funds to these

Kolkata tops new housing project launches in Q3 with 59% rise: Anarock

The top seven cities (NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad) saw 52,150 new units launched in Q3 2018

Housing projects worth Rs 3.3 trillion stuck across India: PropEquity

As per the report, in Tier 2 Cities, as many as 303 projects having 68,094 units, worth Rs 301.20 billion, are yet to be delivered

Delayed housing projects: Homebuyers' pressure group seeks PM Modi's help

For projects that are delayed for more than five years, banks should be ready to take haircut, the letter sent to Modi said

Tax reforms will make housing cheaper: HDFC's Deepak Parekh

Parekh said this has been one of the main promises made by Prime Minister Narendra Modi

Re-development projects to control housing prices in Mumbai: Deepak Parekh

As per new norms, a builder can terminate a contract only after three payment defaults

Bought a Noida house? 14 projects just got stalled along Yamuna Expressway

This is likely to affect hundreds of home buyers too, who have made investments in these projects

Centre launches 350 housing projects

M Venkaiah Naidu launched the housing projects at a function at Gandhinagar in Gujarat