+
Punjab Cabinet approves allotment of 25,000 EWS houses
Real Estate

Punjab Cabinet approves allotment of 25,000 EWS houses

Approval for the allotment of 25,000 economically weaker section houses has been given by the Punjab government. These dwelling units are expected to have a size of around 30 square meters and will be available on rent for families economically weaker than other individuals in the area. The applications for these dwellings as well as necessary documents should arrive from eligible applicants according to approved policy.

Nearly 25,000 EWS families of the state will be reaping benefits due to this scheme. The statement said 397.048 acres are currently available for housing development with local authorities and that 80 percent of each plot will be used for houses and 20 percent for a school, dispensary, playground, or community centre.

In every EWS pocket, the area set aside is 80% to build homes and 20% to build an educational facility such as a school or clinic.

On March 9, 2021, the Punjab cabinet gave the go-ahead to an EWS housing policy. It specified that 25,000 houses would be built by special urban planning and development authorities. The state cabinet also decided to reduce 10 percent simple interest plus three percent penal interest on outstanding dues of developers with a move that will give relief both for developers and the real estate sector in general.

The cabinet approved exempting contract carriage vehicles from motor vehicle tax during the COVID-19 pandemic period. The exemption will be applicable only to those who are registered under a contract as per their provisions, in terms of May 20th, 2020 till December 31st, 2020, and March 23rd, 2020 till December 31st, 2020 respectively.

Image Source

Approval for the allotment of 25,000 economically weaker section houses has been given by the Punjab government. These dwelling units are expected to have a size of around 30 square meters and will be available on rent for families economically weaker than other individuals in the area. The applications for these dwellings as well as necessary documents should arrive from eligible applicants according to approved policy. Nearly 25,000 EWS families of the state will be reaping benefits due to this scheme. The statement said 397.048 acres are currently available for housing development with local authorities and that 80 percent of each plot will be used for houses and 20 percent for a school, dispensary, playground, or community centre. In every EWS pocket, the area set aside is 80% to build homes and 20% to build an educational facility such as a school or clinic. On March 9, 2021, the Punjab cabinet gave the go-ahead to an EWS housing policy. It specified that 25,000 houses would be built by special urban planning and development authorities. The state cabinet also decided to reduce 10 percent simple interest plus three percent penal interest on outstanding dues of developers with a move that will give relief both for developers and the real estate sector in general. The cabinet approved exempting contract carriage vehicles from motor vehicle tax during the COVID-19 pandemic period. The exemption will be applicable only to those who are registered under a contract as per their provisions, in terms of May 20th, 2020 till December 31st, 2020, and March 23rd, 2020 till December 31st, 2020 respectively. Image Source

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?