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Housing ministry seeks three-fold hike in budget allocation for PMAY in urban areas
•The Housing and Urban Affairs Ministry has sought a nearly three-fold increase in allocation of funds in Budget 2018 for Pradhan Mantri Awas Yojana (Urban)
Budget 2018: Housing sector eyes lower taxes, infra status to overcome impact of GST, RERA and demonetisation
•Severely impacted by various reforms like RERA, GST, and demonetisation, the realty sector is pinning its hopes on Union Budget 2018-19 for relief measures like lower taxes and infrastructure status
Cabinet increases carpet area of houses for MIG-1, MIG-11 category under Pradhan Mantri Awas Yojana
•Under the PMAY-U, the Centre aims to provide houses to all the urban poor by 2022.
Home sales fall four-year low of 2.28 lakh units sold last year as against 3.68 lakh houses in 2011
Fp Staff •The total volume sales of new homes took a massive hit as it dropped 38 percent, a seven-year low of 228,072 homes in 2017
Budget 2018: Citizen's body demands rise in HRA, action against builders misusing GST
•A not-for-profit organisation has pitched for stern action against those builders who are "enriching themselves" under the "guise of GST" causing loss to homebuyers
RERA aims at long-term changes; shortage of houses more than 10 mn in urban areas, says Hardeep Singh Puri
Fp Staff •The conferring of industry status to affordable housing, the insolvency bill and the Goods and Services Tax have created an environment to resolve all the miseries of the real estate sector, Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri said at the RICS Real Estate Conference 2017 in New Delhi on Wednesday.