Centre Mulls Expanding Urban Housing Subsidies

1,000+ families get homes in Azamgarh under PMAY-Urban

Approximately 1,040 families belonging to the urban poor were handed the keys to their new homes as part of the Pradhan Mantri Awas Yojana-Urban. The inauguration of the LightHouse Project took place virtually from Azamgarh, with Prime Minister Narendra Modi, bringing immense happiness to the recipients.

The houses, which have been constructed utilizing advanced PVC stay-in-place formwork technology, showcase features that are both disaster-resistant and environmentally friendly. This sets a fresh benchmark for affordable housing initiatives in India.

Anil Kumar, the director o..

Assam Unveils India's Largest PMAY Colony

In a momentous occasion, the Chief Minister of Assam inaugurated the country's largest Pradhan Mantri Awas Yojana (PMAY) colony in Dibrugarh. This groundbreaking project stands as a testament to the government's commitment to providing affordable housing for the masses. The expansive colony is set to redefine residential landscapes, offering a blend of modern amenities and a thriving community spirit.

Spanning acres of well-planned infrastructure, the PMAY colony boasts a diverse range of housing options, catering to different income groups. From cosy apartments to spacious homes, the ..

Funding shortage stalls PMAY in Ranchi, leaving projects incomplete

The housing crisis in Ranchi deepens as PMAY faces a funding shortage, leaving a trail of incomplete projects in its wake. The initiative, designed to provide affordable housing to eligible beneficiaries, now encounters obstacles that compromise its ability to fulfil its objectives.

With homes left in limbo due to the fund depletion, the plight of individuals eagerly anticipating their dream homes under PMAY comes to the forefront. The funding constraints not only disrupt the construction timeline but also raise concerns about the overall effectiveness and sustainability of the affordab..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..