Affordable housing: Current Affairs, GK & News - 2020-2021

GST council reduces Tax rates on Housing

Published: February 26, 2019

The GST council has decided to slash the tax rate on under-construction residential properties and the affordable housing projects category. Decision of GST council The GST council has reduced the GST rate for under construction from the present 12 per cent to 5 per cent. The GST rate for affordable housing category is now 1 ..

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The 2017 World Habitat Day (WHD) observed on 2 October

Published: October 3, 2017

The 2017 World Habitat Day (WHD) is observed on October 2 with theme “Housing Policies: Affordable Homes” to bring attention to UN-Habitat’s mandate to promote sustainable development policies that ensure adequate shelter for all. The purpose of day is to reflect on the state of our towns and cities, and on the basic right of ..

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October 2: World Habitat Day

Published: October 3, 2017

The World Habitat Day was observed all over the world on 2 October 2017. The purpose of day is to reflect on state of cities and towns and basic human right to adequate shelter. It also aims to remind world of its collective responsibility for habitat of future generations. The theme for this year was ..

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Government orders review of FSI/FAR norms in mega cities

Published: September 18, 2017

The Ministry of Housing & Urban Affairs (MHUA) has ordered review of Floor Space Index (FSI) and Floor Area Ratio (FAR) norms in mega cities of country. FSI/FSA FSI is ratio of building’s total floor area to size of piece of land on which it is built. The review will be taken up in time ..

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Government approves first housing project on private land under Pradhan Mantri Awas Yojana

Published: July 26, 2017

The Union Ministry of Housing and Urban Development has approved construction of 30,000 affordable houses in Maharashtra’s Sholapur district for the urban poor on private land under Pradhan Mantri Awas Yojana (Urban). It was approved by an Inter-ministerial Central Sanctioning and Monitoring Committee (CSMC), chaired by HUA Secretary. It is first such project to be ..

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