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1.Omaxe cancels Rs 800 bn housing project

Property developer Omaxe cancelled its investment plan worth Rs 80,000 crore to develop 10 lakh affordable houses across the country over five years.


2.MHADA to build 2,000 affordable houses in Mumbai

To build about 2,000 affordable houses in Goregaon of Mumbai, the Maharashtra Housing And Area Development Authority (MHADA) plans to utilise nine acres of land, located in front of HyperCITY.


3.Maha govt must provide affordable housing to poor

For the Pune's urban poor there is an acute shortage of affordable houses. Surveys suggest that around three lakh dwellings should be constructed to arrest further proliferation of slums in the city.


4.Lack of civic infra hinders housing projects in SEZs

Real estate developers feel that one of the key impediments in setting up affordable houses in Special Economic Zones (SEZs) is lack of basic civic infrastructure. Developers also opined that the new industrial policy of the Maharashtra government earmarking 40 percent of land for SEZs might not see substantial land being used for housing purposes in Pune district. Maharashtra Industrial Development Corporation (MIDC) feels that majority of the notifi


5.Gujarat striving to bring down affordable housing price

The affordable houses that the government plans to provide will not come cheap. The price of Gujarat Housing Board's proposed one BHK flat in major cities will be around Rs 11 lakh. The two BHK one will cost between Rs 18 lakh and Rs 21 lakh. The State Chief Minister Narendra Modi had made affordable housing a major electoral plank in the last assembly polls.


6.Realtors doubt Orissa govt's housing policy for poor

The Orissa government's plan to build one lakh affordable houses in 10 years has made developers skeptical. The 'scheme for affordable urban housing in Odisha-2012' annunciated recently stipulates developers to reserve 15 per cent built-up space for lower income group (LIG) and economically weaker sections (EWS) in residential projects of size exceeding 2,000 sq m.


7.Single-window key for affordable housing: Sunil Mantri

Mumbai city has lost many opportunities to create a handsome stock of affordable houses as the Maharashtra government dithering over several issues, says Sunil Mantri, Chairman of Indian Merchants Chamber’s real estate committee and former president of Maharashtra Chamber of Housing Industry (MCHI). There is complete paralysis in the decision-making process with regards to the real estate sector, he said.


8.Gujarat to build 40,000 affordable houses yearly

For low and medium income groups, the Gujarat Housing Board (GHB) will build affordable houses every year. To provide affordable housing to the poor, low and medium income group people, Gujarat Housing Board has started building houses and the government's goal is to build 25,000 to 40,000 houses every year, GHB Chairman Jayanti Barot said on August 1. Currently, GHB has started constructing 2,132 flats in Surat, Rajkot and Vadodara which are likely to be completed in one-and-a-half year, Barot


9.VUDA to build 3,000 affordable homes for LIG, EWS

Government subsidised 3,000 affordable houses will be built by Vadodara Urban Development Authority (VUDA) in Bil and Sevasi villages, in the suburbs of the city. These houses are going to be built for people belonging to the economically weaker section (EWS) and low income groups (LIG), VUDA Chairman Naranbhai Patel said on August 6.


10.Ahmedabad to get 5,000 affordable houses in 2-yrs

The Ahmedabad Urban Development Authority (Auda) has announced to build 5,000 affordable houses for low income and middle income groups in two years. The houses are to come up in the city's areas like Kathwada, Nikol, Bhat-Sughad and Khodiyar. These areas are newly demarcated as the 'affordable housing' zone in the city. Nearly 43.25 sq km of the total 67.51 sq km under the zone has been earmarked for this purpose.