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 ..

Month: Current Affairs - November, 2019

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 ..

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 ..

Month: Current Affairs - March, 2019

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 ..

Month: Current Affairs - February, 2019

GST council reduces Tax rates on Housing

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 ..

Month: Current Affairs - February, 2019

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

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 ..