Puducherry CM hikes subsidy to Housing scheme beneficiaries

14 Aug 2024 CW Team

Chief Minister N Rangasamy announced in the assembly on Tuesday that the subsidy provided to beneficiaries of the Kamaraj Housing scheme has been increased to Rs 5 lakh. Concluding the debate on the demands for grants to departments under his purview, he mentioned that beneficiaries would receive an additional Rs 5 lakh under a central government housing scheme, bringing the total to Rs 10 lakh for each beneficiary. The subsidy aims to replace huts with concrete structures, and the scheme is named after former Tamil Nadu Chief Minister K Kamaraj.

The Chief Minister further announced that the monthly assistance for retired reporters would be raised from Rs 10,000 to Rs 15,000, and that current presspersons would receive free laptops. Additionally, house sites would be allocated to journalists not yet covered under the existing scheme. He added that several reporters have applied for the monthly pension, which would be sanctioned soon.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..