Affordable housing Current Affairs, GK & News

Cabinet approves Model Tenancy Act

Union Cabinet has approved “Model Tenancy Act” for circulation to all States and Union Territories for adaptation by enacting fresh legislation or amending existing rental laws as required. Highlights Approved act will help in rebuilding legal framework on rental housing in India which in turn boost overall growth. Act was passed with the aim of ..

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World in 2030: Public Survey Report

The World in 2030: Public Survey Report was recently published by UNESCO. The report was published by the organisation based on the survey held between May 2020 and September 2020. The survey collected responses from more than 15,000 people from all over the world. Key Findings of the Report According to the report, Climate Change, ..

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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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