Affordable housing Current Affairs, GK & News

India-World Bank sign Agreements to provide affordable housing

On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The funds are to be provided through the International Bank for Reconstruction and Development of the ..

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Finance Minister: Rs 25,000 crore Fund for stuck Housing Projects

On November 7, 2019, Government of India announced the establishment of Rs 25,000 crore fund for home buyers whose money is stuck in stalled projects. According to the Ministry of Finance, there are over 1600 such projects comprising of 4.58 lakh housing units across the country. The “Special Window” will prioritize debt financing in the ..

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Residential Asset Price Monitoring Survey conducted by RBI

The Reserve Bank of India (RBI) has conducted the quarterly Residential Asset Price Monitoring Survey (RAPMS) on housing loans disbursed by select banks / Housing Finance Companies (HFCs) across 13 cities. The report indicated that housing affordability has worsened over the past 4 years as the House Price to Income (HPTI) ratio increased from 56.1 ..

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India Cooling Action Plan

India Cooling Action Plan was released by the Union Minister of Environment, Forests and Climate Change. The plan is aimed at reducing emissions and providing thermal comfort to citizens. India Cooling Action Plan India Cooling Action Plan provides a 20-year perspective to address the cooling requirements across various sectors and recommends ways to provide access to sustainable ..

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Government Approves Construction of more than 5 lakh Affordable Houses

The Ministry of Housing & Urban Affairs has approved the construction of another 560,695 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban). The approval was given by the Central Sanctioning and Monitoring Committee under the Ministry of Housing & Urban Affairs. The details of the projects approved are ..

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