PMC allocates 1,030 homes through annual lottery under PMAY
Real Estate

PMC allocates 1,030 homes through annual lottery under PMAY

Pune Municipal Corporation (PMC) allocates 1,030 homes to members of the financially weaker sections of society through an annual lottery under the Pradhan Mantri Awas Yojana (PMAY) scheme.

Pune Municipal Corporation (PMC) building approvals department head Prashant Waghmare told the media that the work on these projects is 50% complete. The ownership of the properties will be given by March 2023. The said apartments will be available in areas such as Kharadi, Hadapsar and Wadgaon. More than 20,000 applications have come in. PMC had held an online lottery for the same in October 2020.

However, some buyers who got apartments in the lottery could not purchase them because of several reasons. It left 1,030 flats unclaimed. As a result, a lottery for these remaining flats was finally called, and the names of beneficiaries were declared this week.

Image Source

Also read: No property tax reduction for merged villages with PMC

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Pune Municipal Corporation (PMC) allocates 1,030 homes to members of the financially weaker sections of society through an annual lottery under the Pradhan Mantri Awas Yojana (PMAY) scheme. Pune Municipal Corporation (PMC) building approvals department head Prashant Waghmare told the media that the work on these projects is 50% complete. The ownership of the properties will be given by March 2023. The said apartments will be available in areas such as Kharadi, Hadapsar and Wadgaon. More than 20,000 applications have come in. PMC had held an online lottery for the same in October 2020. However, some buyers who got apartments in the lottery could not purchase them because of several reasons. It left 1,030 flats unclaimed. As a result, a lottery for these remaining flats was finally called, and the names of beneficiaries were declared this week. Image Source Also read: No property tax reduction for merged villages with PMC

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement