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Dear ck.kislay,
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These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: MANOJa
On: March 27 2018 07:21 AM
[h=1]Homebuyers get hope of getting interest subsidy[/h] [URL="https://timesofindia.indiatimes.com/toireporter/author-Dipak-K-Dash-479213512.cms"]Dipak K Dash[/URL]| TNN | Mar 27, 2018, 02:16 IST [IMG]https://timesofindia.indiatimes.com/thumb/msid-63473060,width-400,resizemode-4/63473060.jpg[/IMG]Illustration for representational purpose NEW DELHI: Thousands of first-time [URL="https://timesofindia.indiatimes.com/topic/homebuyers"]homebuyers[/URL] in Noida and [URL="https://timesofindia.indiatimes.com/topic/Yamuna-Expressway"]Greater Noida[/URL], whose hopes of getting the [URL="https://timesofindia.indiatimes.com/topic/interest-subsidy"]interest subsidy[/URL] under [URL="https://timesofindia.indiatimes.com/topic/PM-Awas-Yojna"]PM Awas Yojna[/URL] ([URL="https://timesofindia.indiatimes.com/topic/Pradhan-Mantri-Awas-yojana"]PMAY[/URL]) were fading, can now look forward to availing the benefit. All eligible buyers with annual income of up to Rs 18 lakh, who have bought houses after January 2017, will be able to get the subsidy, a government order said. All eligible home buyers from the middle income groups (MIGs) can get interest subsidy of approximately Rs 2.5 lakh on their home loans under the PMAY (urban). On March 15, the housing and urban affairs ministry made an amendment to the PMAY (urban) specifying the effective dates of different changes under this flagship scheme. All cities including Noida and Greater Noida had been brought under the credit linked subsidy scheme for the middle income group (MIG) with effect from January 1, 2017. "Al those eligible home owners who have bought houses after January 2017 need to approach their bank and refer to March 15 the notification to start the process of getting interest subsidy. We have informed all agencies concerned and the primary lending institutions such as HUDCO and National Housing Bank. This will squarely address all concerns of the home buyers," said a housing ministry official. In its notification, the ministry said there was a "need to clarify specify effective dates for different amendments under PMAY (U) to obviate operational difficulties." TOI in February this year had first highlighted how middle and low income group home buyers in these two Delhi suburbs were being deprived of getting interest subsidy for the failure in UP government's part to include Noida and Greater Noida among the list of towns that are eligible for the benefit. Following this revelation, both Centre and the state governments took up the issue and UP government finally sent the names of the two cities. These names were included early this month. Sources said at least 92,000 beneficiaries have got the interest subsidy under the CLSS and more than 22,000 of them fall under the middle income groups. [url]https://timesofindia.indiatimes.com/city/noida/homebuyers-get-hope-of-getting-interest-subsidy/articleshow/63473062.cms[/url]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: sunita3329
On: March 27 2018 06:05 PM
[b]Noida Fails To Build For The Poor Amid Mushrooming Slums[/b] On a day when the apex court blasted the Delhi government over its failure to submit a plan to combat encroachments, the Noida Authority on March 26 made public its intent to allot homes to slum dwellers through a luck draw with an aim to free prime government land in the region. On March 28, the Noida Authority will hold a lucky draw to allot units to 99 applicants. Official data show as many as three lakh people belonging to economically weaker sections (EWS) category live in illegal constructions in Noida. Also, 11,565 slum dwellers live in Noida across sectors 4,5,8,9 and 10. Despite repeated attempts that started in 2000 along with the mushrooming of slums in the national capital region's information technology hub, the Noida Authority has not been able to free prime land parcels. In the meantime, it has built 8,722 units in total, meant for factory workers (4,952 units), economically weaker sections (2,760 units) and the low-income group (1,010 units). All of these units are lying vacant while the number of shanties across the city is increasingly swelling. The other two development bodies in the region — the Greater Noida Authority and the Yamuna Expressway Industrial Development Authority (Yeida) — are not seen doing any better to stop illegal encroachment. According to media reports, the Greater Noida Authority has failed to allot 20-25 percent of land in each planned sector for housing meant for the underprivileged. In 2012, the National Capital Regional Planning Board (NCRPB) had directed the authority to make changes in its master plan of 2021, and increase the portion it must set aside in each planned sector for the EWS and LIG category from the earlier five per cent to 20-25 per cent. Another directive by the NCRPB followed in 2014 also fell on deaf ears. Official data show the authority has constructed only 10,000 units for the weaker sections since its inception in 1992. Only half of these units are occupied so far. According to highly placed officials in the authority, affordability has been the key concern why ha lf the units lie unsold. The Yeida, on the other hand, has reportedly built 5,000 homes for the EWS category, clearly defying the set rules. "We do not plan to allot more flats for the LIG people as there are no takers for such flats. If there is no demand, why should we build such flats," Yeida Chief Executive Officer Arun Vir Singh was quoted in a [i]Hindustan Times[/i] report as saying.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/noida-real-estate/47500-noida-city-real-estate-updates
Posted by: MANOJa
On: March 27 2018 06:08 PM
[h=1]SC asks Amrapali stakeholders to submit their 'objections' by April 6[/h] The SC has directed Amrapali Group and all interested parties to hold a joint meeting on March 31.[URL="https://realty.economictimes.indiatimes.com/author/479246554/ankit-sharma"]Ankit Sharma[/URL] | ETRealty | March 27, 2018, 17:30 IST NEW DELHI: The Supreme Court of India on Tuesday asked all stakeholders of Amrapali to submit their objections/suggestions related to various projects by April 6. The order came after ML Lahoty, representing Amrapali, submitted a report based on joint inspections carried out by Amrapali and homebuyers on some projects. The projects were then categorised into three classes depending on their completion status. However, various stakeholders objected to the report saying that the information provided does not include all projects and details were incomplete. The SC then directed [URL="https://realty.economictimes.indiatimes.com/tag/amrapali+group"]Amrapali Group[/URL] and all interested parties to hold a joint meeting on March 31. The previous meeting held on March 17 was not attended by all the parties. It asked Noida and [URL="https://realty.economictimes.indiatimes.com/tag/greater+noida+authority"]Greater Noida authority[/URL] to carry out tower-wise inspections of all projects by the next hearing to be held on April 10. It also ordered both authorities to submit a report on what are the deficiencies and requisites for the completion of projects. The apex court also asked [URL="https://realty.economictimes.indiatimes.com/tag/bank+of+baroda"]Bank of Baroda[/URL] to submit their objections to the completion of any project along with details of their charge on the property. It ordered the Amrapali Group to submit details of money required to complete the projects and how they are going to arrange it. The Supreme Court asked the final report containing all the above mentioned details to be submitted to Amrapali's advocate on record- Gaurav Goyal. Meanwhile, the court has requested the insolvency resolution professional (IRP) to not press the resolution process. [url]https://realty.economictimes.indiatimes.com/news/regulatory/sc-asks-all-amrapali-stakeholders-to-submit-their-objections-by-april-6/63487664[/url]
With warm regards,
Team IREF
With warm regards,
Team IREF
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