Real Estate Current Affairs, GK & News

SWAMIH Fund- Recent development

The SWAMIH Fund is all set to deliver its first finished apartments in the year 2021. It is a 250-billion-rupee fund set up by Indian government. This fund was created to complete the stalled housing projects. The fund offers a solution of the problem that hindered savings of home buyers and bankrupted developers. Highlights The ..

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MoSPI report on Cost Overruns of Infrastructure Projects

The Ministry of Statistics and Programme Implementation (MoSPI) recently released its report on Cost Overruns of the Infrastructure Projects. The ministry monitored the infrastructure projects worth Rs 150 crore. Key Findings of report As per the report, around 450 infrastructure projects have been hit by the cost overruns. Each of the project is worth Rs ..

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Infra Status to Affordable Rental Housing Complexes (ARHCs)

The department of economic affairs under the ministry of finance issued a notification to include “Affordable Rental Housing Complex”  in the Harmonized Master List of Infrastructure Sub-sectors by insertion of a new item in the category of “Social and Commercial Infrastructure” “Affordable Rental Housing Complex” is defined as a project to be used for rental ..

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Housing Sales Hit in the First Half of 2020, NCR Affected the Most

Due to the Coronavirus pandemic hitting the country hard in 2020, housing sales across the major cities of India have been affected a lot with a decline of 54 per cent to 59538 units during the First Half of 2020. During the same period in the last year, over 1.29 lakh units were sold across ..

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GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters

The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to 4.5 percent in the second quarter, registering the slowest and lowest growth rate since the final quarter of 2012-13. The further decline in the GDP during the ..

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