Latest news with #LowerIncomeGroup
Time of India
21-05-2025
- Business
- Time of India
DDA to launch new housing scheme with units in Narela, Loknayakpuram
NEW DELHI: The DDA will in a week launch a new housing scheme, ' Apna Ghar Awaas Yojana 2025 ,' Lieutenant Governor VK Saxena said on Tuesday. This would be the third housing scheme to be launched by Delhi Development Authority this year after 'Sabka Ghar Awaas Yojana' and 'Shramik Awaas Yojana'. The latest scheme offers a total of 7,500 houses in Loknayakpuram, Siraspur, and Narela across the EWS, LIG, MIG, and HIG category of flats. The bookings will open May 27. It has on offer 226 flats in the HIG category in Narela, and around 482 flats in the MIG category in Narela and Lokkalyanpuram. The remaining 7,018 flats are being offered to EWS and Lower Income Group (LIG) categories. The scheme offers a 25 per cent discount in the LIG category flats and a 15 per cent discount for Economically Weaker Section (EWS) and High-Income Group (HIG) flats in Narela and Loknayakpuram. The HIG flats range from Rs 1.2 crore to Rs 1.4 crore after 15 per cent discount. For MIG flats, the price range is between Rs 86 lakh and Rs 1 crore. Depending on the location, in lower income group flats, the price range is between Rs 17 lakh to Rs 21 lakh, and for the economically weaker section the price starts from Rs 11 lakh up to Rs 27 lakh after 15 per cent discount. "The newly introduced scheme is open to all and offers an inclusive and attractive homeownership opportunity to Indian citizens aged 18 years or older on a first-come, first-serve basis," a DDA statement said. Saxena also launched a dedicated chatbot service developed for these housing schemes. "Having remained in the red for over a decade, DDA has posted an impressive surplus of Rs 1,371 crore at the end of financial year 2024-25. The massive surplus this year is primarily on account of the unprecedented sale of housing units across all categories at various locations," the statement added.
Hindustan Times
21-05-2025
- Business
- Hindustan Times
Maharashtra Cabinet approves Housing Policy 2025, targets 35 lakh affordable homes by 2030
The Maharashtra cabinet has approved the state's 2025 housing policy, targeting the construction of 35 lakh affordable homes by 2030 with an investment of ₹70,000 crore, according to a government statement. The homes will be built for the Economically Weaker Sections (EWS) and Lower Income Group (LIG) categories under the policy titled Majhe Ghar - Majhe Adhikar. To support the self-redevelopment of ageing buildings, the government has allocated ₹2,000 crore and proposed a dedicated cell to assist housing societies with planning, funding, developer selection, and project execution. The cell will be set up to encourage cooperative housing societies to take up redevelopment projects independently. The policy also introduces a rent-to-own model, allowing working women, students, and industrial workers to occupy homes for up to 10 years with the option to purchase them afterwards. Deputy Chief Minister Eknath Shinde, who also serves as the housing minister, said that based on NITI Aayog's recommendations for the G-Hub in the Mumbai Metropolitan Region, the state must contribute a significant share of the estimated ₹20,000 crore viability gap fund via the Affordable Housing Fund to attract investment in the affordable and inclusive housing sector. "The policy is to promote green building practices, and new constructions will be planned to combat climate risks, including heat, flood and earthquake, with innovative construction technologies under the Global Housing Technology Challenge for sustainable, disaster-resistant, cost-effective and climate-smart construction practices," Shinde said. The housing policy also proposes the creation of a state Housing Information Portal—a centralized digital platform powered by artificial intelligence. According to the statement, the portal will integrate data on housing demand and supply, geo-tagging, fund allocation, district-wise land acquisition, and coordinate with systems such as MahaRERA, Mahabhulekh, and PM Gati Shakti. The state plans to create affordable housing near major hospitals in cities like Mumbai. These will be offered on rent to relatives of patients, on the lines of the Prime Minister Awas Yojana (PMAY). Under the new policy, the government aims to create a land bank for residential use by 2026. This initiative will be carried out in coordination with the Revenue Department, Forest Department, Maharashtra State Road Development Corporation, Water Resources Department, and the Industries Department, among others. The new housing policy supports the prime minister's 'walk-to-work' concept, underlining the development of housing close to employment hubs, especially in industrial areas. To encourage walk-to-work living, the policy mandates that 10% to 30% of land designated for amenity plots in industrial areas be reserved exclusively for residential use. "In view of increasing urbanisation, orders for inclusive housing have been given not only to large municipal corporations with a population of more than 10 lakhs but also to all Metropolitan Region Development Authorities," Shinde said. The policy also aims to promote slum rehabilitation projects by revitalising them through the cluster redevelopment approach. New constructions will be planned to deal with weather risks, including heat, floods and earthquakes, bringing innovative and climate-appropriate construction practices into the mainstream. At present, the state has RERA, and Maharashtra was the first state to set up MahaRERA. Now, a state-level Supreme Grievance Redressal Committee will be set up to monitor quality control, mediate with developers in respect of grievances of beneficiaries, and ensure the timely completion of redevelopment projects under DCPR 2034 and the MHADA Act. Real estate developers are of the view that the policy is a step in the right direction toward achieving the vision of 'Housing for All.' "The 'Majhe Ghar – Majhe Adhikar' policy is a commendable step in realising the vision of Housing for All in Maharashtra. With a robust investment plan of ₹70,000 crore and a clear target of constructing 3.5 million homes over the next five years, the government is prioritising inclusive urban development. The focus on slum rehabilitation, redevelopment, and the creation of a MahaAwas Fund will be instrumental in addressing the housing shortage and improving the urban landscape. We believe this progressive policy will provide a significant boost to real estate, create large-scale employment, and ensure dignified living for citizens across income groups,' said Prashant Sharma, President, NAREDCO Maharashtra. 'The newly unveiled State Housing Policy is a visionary move that aligns with Maharashtra's aspirations to cement its position as India's economic powerhouse. The introduction of self-redevelopment cells, a dedicated ₹2,000 crore funding for redevelopment projects, and streamlined compliances will unlock redevelopment opportunities in land-constrained cities and resolve stalled projects,' said Niranjan Hiranandani - Chairman- NAREDCO & Hiranandani Group.
Time of India
19-05-2025
- Time of India
Bike with 44 pending challans, tampered number plate seized
Indore: Indore police on Monday said to have seized a bike with 44 pending traffic challans and a number plate that was allegedly tampered with. In a recent crackdown, the traffic police's special checking team stationed at Palasia Square intercepted a motorcycle travelling on the wrong side of the road. Upon inspection, it was discovered that the bike had a staggering 44 pending Integrated Traffic Management System (ITMS) challans (traffic tickets). Furthermore, after accumulating such a large number of fines, the rear number plate of the motorcycle was tampered with. The traffic police immediately seized the motorcycle at the scene. The action was taken by the team of Traffic Subedar Syed Kazim Hussain Rizvi. The motorcycle (registration number MP 09 QE 7801) was stopped for driving on the wrong side. The rider, Chayan Kumar Prajapat, was unable to produce the vehicle's documents or his driving licence when asked. Upon checking the bike's registration number, the team found that it had 44 pending ITMS challans, which were already forwarded to the court. Following the issuance of these numerous challans, the rear number plate of the bike was tampered with. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDs กับโบรกเกอร์ที่เชื่อถือได้ | เรียนรู้เพิ่มเติม IC Markets สมัคร Undo Rizvi stated that the motorcycle is registered in the name of Kamlesh Patel. All the challans were already sent to court, with a majority of them issued in the LIG (Lower Income Group) area. The motorcycle has been seized, and the owner, Kamlesh Patel, will be summoned with the necessary documents, and action will be taken to cancel his driving licence. Some of the pending challans against the bike were also issued at the Rasoma and Scheme Number 78 traffic signals.
Hindustan Times
17-05-2025
- Business
- Hindustan Times
Twin projects to give Lucknow's infrastructure a boost, transform skyline
The Lucknow Development Authority (LDA) will develop river-view apartments for around 4,000 families on 51 acres behind the Police Headquarters on Shaheed Path and a hotel-commercial complex at the state capital's 1090 intersection. The move is expected to transform the city's skyline and boost housing and commercial infrastructure. Together, the projects are worth nearly ₹3,300 crore and will be executed on the Public-Private Partnership (PPP) model. The land on which the apartments will come up is located at Maleshemau village. It was recently cleared during an eviction drive The project will offer a mix of 1BHK to 4BHK flats and penthouses, including units for economically weaker sections (EWS) and Lower Income Group (LIG) categories. All residential towers will overlook the Gomti River. Residents will have access to a swimming pool, gym, club, yoga centre, and other world-class amenities. 'Housing will be developed in three clusters so multiple real estate companies can participate,' LDA vice-chairman Prathamesh Kumar said. 'This project will provide high-quality homes to around 4,000 families and create a vibrant riverside community,' he said. Alongside the housing project, LDA will also develop a ₹800 crore hotel, office space, and commercial complex on 5.5 acres at the prime 1090 crossing. 'We aim to make this building an architectural landmark of Lucknow,' said Kumar. 'It will boost tourism, commercial activity, and employment in the city.' He said the authority would act as a co-developer and lease the office and commercial space for 90 years, extendable as per policy. LDA will invite Request for Proposals (RFPs) from developers in June 2025 for both projects. The selected firms must complete construction within three years of signing the agreement. Officials said the group housing site will also benefit from planned infrastructure around it, including the Green Corridor, Shaheed Path-Green Corridor Clover Leaf, and a Master Plan Road connecting Sultanpur Road and Flower Valley. 'These two projects will redefine urban living and business in Lucknow,' said Kumar, who met real estate stakeholders on Friday to discuss the plans in detail.
