Japanese company, Tama Home has announced the construction of 12-18 projects at an investment of Rs 6,000 crore in partnership with Singapore- headquartered Developer Group. The two companies will jointly build three housing projects.
Ambience Group will invest Rs 1,945 crore over the next four years on two housing projects in Gurgaon and Noida. The company will offer 1,030 apartments. In Noida, it will build 280 flats in the 3.5 acre project ´Ambience Tiverton´ at Rs 465 crore.
Earth Infrastructure will invest Rs 1,000 crore over the next three years to develop three projects in the NCR. The company has launched two housing projects in Gurgaon and Greater Noida, comprising about 900 apartments, and one office complex in Greater Noida.
The Legislative Assembly has proposed that the revival of affordable housing policy of the Maharashtra state Government needs to be reviewed. It also proposed bidding for affordable housing projects by private players. This would ensure better revenues to the exchequer besides improving the quality of construction.