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Sep 21, 2017
Govt extends low-cost home subsidy up to Rs 2.50 lakh to units built on private landAs per the new policy, the two PPP models for private investments in affordable housing on private landbanks include extending Central assistance of about Rs 2.50 lakh per unit as interest subsidy on bank loans as upfront payment
Apr 23, 2015
Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tightThe Maharashtra government's move to scrap the draft development plan 2034 for Mumbai is likely to hit supply of new housing projects and help in clearing existing unsold houses in the city to some extent. Moreover, deals for land parcels, redevelopment projects and private equity transactions for financing housing projects in Mumbai will get stuck due to lack of clarity on the city's proposed development plan.