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Budget 2019: Allocation for Housing & Urban Affairs Ministry up by 12% | Weekly News Roundup

We’re back with another weekly news roundup! Let’s begin.  On July 10, 2019, the West Bengal assembly passed an amendment to the state’s Apartment Ownership Act, to enable associations of a housing project to form federations, to look after the common areas. A pre-bid conference will be held on July 15, 2019, in Greater Noida to address queries of bidders interested in an upcoming international airport at Jewar in Uttar Pradesh. The Delhi High Court, on July 10, 2019, dismissed a petition challenging the AAP government’s proposal to make metro rail rides free for women and declined to entertain the plea, also imposed a cost of Rs 10,000 on the petitioner. The Housing and Urban Affairs Ministry has received a 12% hike in budgetary provisions in the Union Budget 2019, while allocations for...

Dr Niranjan Hiranandani: Housing Schemes to Fuel Employment & Economic Growth – RealtyMyths

Citing a study reference, National Real Estate Development Council’s National President Dr. Niranjan Hiranandani told  that as per the findings of the study conducted by the National Institute of Public Finance and Policy, it has estimated that while 18.92 lakh direct jobs would have been created due to massive push for building houses under the government’s flagship scheme, another 42.57 lakh jobs would have been created through indirect effects. The report also said that the increased pace of house construction has multiple effects on the allied industries such as cement, steel and other construction materials. Terming the study and its observations as ‘positive’, Dr Hiranandani said that housing has always been important for India’s economy over the years, as it offers visible results t...

BDI begins the possession of Green Park, Alwar – RealtyMyths

Green Park was awarded as the Best Project in EWS category of Rajasthan at the PMAY Empowering India awards -2019 Berry Developers and Infrastructure (BDI) one of the leading real estate companies had a successful possession celebration of its project Green Park at BDI Green Park Township. The event witnessed participation of celebrities like Sunil Grover (Bollywood actor and renowned stand-up comedian), Renu Nagar (Indian playback Singer) and Shyam Rangeela (Mimicry Master) The event saw an enthusiastic turnout of music and entertainment lovers. The audience was astonished when Sunil Grover took the stage and engaged them with his boisterous performance. His jokes and comments not only tickled the funny bones of the masses but also made them think about the plight of weaker sections of th...

BDI Green Park awarded as Best Project 2019 – RealtyMyths

Berry Developers and Infrastructure (BDI) project Green Park was awarded as the Best Project in EWS category in Rajasthan at the 1st edition of PMAY Empowering India awards -2019. The event was held at Le Meridian New Delhi and was graced by MoS (Independent Charge), MoHUA, GoI – Shri Hardeep Singh Puri, who was the Chief Guest for the occasion. BDI Green Park is Rajasthan’s largest project under the Pradhan Mantri Awaas Yojana for the EWS category. Not only is it the largest, but it is also the most aesthetically designed, thoughtfully planned and strategically located township. Located in the greenest location of Chikani, Alwar, this project is a perfect gift of affordability and value for money for the LIG and EWS category of customers. The township brings in a good amalgama...

ATS HomeKraft sets a new milestone in the affordable sector

RM Correspondent, HomeKraft, an ATS Group company, recently sold 250+ apartments of its newly launched project “Happy Trails” in a single day. HomeKraft was able to create a strong demand in Noida and its vicinity backed by decades of brand equity that made ATS Group as one of the most sought-after brands in the region. In its initial offering, Happy Trails received over 300 expressions of interest from prospective customers, out of which, 250+ were allotted apartments in a single day event that saw huge customer participation. “All our Happy Trails apartments launched in the first phase are sold out. We are delighted with the customer response and are committed to heightened customer satisfaction and on-time delivery. We are launching new towers soon to accommodate customer demand.” Said ...

Supertech on course to achieve Rs 3,000 crore sales target for FY18

by RM Correspondent North India’s leading real estate developer Supertech Limited today announced that company is on track to achieve its sales target of Rs. 3000 crore by March 2018. The company is selling almost 300 apartments month on a month basis across its 40 projects in 50 locations. Supertech said it has majorly been selling in affordable segment of price band ranging between Rs. 25 to 70 lakh. Commenting on the development, Mr. R. K Arora, Chairman, Supertech Limited, said, “With progressive law like RERA coming into force and addressing key concerns of both buyers and developers, the real estate market is now beginning to pick up the momentum. The build-up in demand is evident in our sales numbers, with Supertech selling 300 residential units in a month on month of the current fi...

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