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BDA's affordable housing project targets 2,600 units for slum dwellers
Allocation of 1,200+ units in three Bhubaneswar affordable housing projects
In the second phase of affordable housing projects in the city, more than 600 beneficiaries were given keys to their dream homes, bringing the total number of beneficiaries to 1,290 since the inauguration of the projects.
It was reported by officials that in the first phase of allotment, the Bhubaneswar Development Authority (BDA), which had executed the housing projects for the urban poor at Chandrasekharpur, Satya Nagar, and Subuddhipur, had handed over the keys of homes to 659 beneficiaries.
In the subsequent phase, 631 more beneficiaries received their houses, officials sta..
Bhubaneswar Gears Up for Comprehensive Development
Bhubaneswar, the capital city of Odisha, is set to undergo a monumental transformation as the Bhubaneswar Development Authority (BDA) takes a significant step towards progress. The authority has unveiled plans to acquire a sprawling 1,845-acre private land for a comprehensive City Development Project (CDP). This ambitious venture aims to redefine the city's landscape, fostering sustainable growth and modern amenities.
The proposed project, highlighted in The New Indian Express, outlines a strategic approach to urban development. The 1,845-acre expanse earmarked for acquisition reflects..
BDA seeks fee exemption for Ghatikia Affordable Housing Project
In a positive development for the Bhubaneswar Development Authority (BDA), the housing and urban development department has officially requested the Odisha Real Estate Regulatory Authority (ORERA) to grant an exemption from registration fees for an affordable housing project located in Ghatikia.
Director (Housing) Debasish Singh, in a letter addressed to the Chairman of ORERA, stated that the BDA has already submitted the necessary application along with all required documents seeking exemption from both registration and late registration fees for the said project. Singh mentioned that..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..
