Maharashtra government signs MoU to construct 12,000 houses for dabbawalas in Mumbai under PMAY scheme. 500 sq ft flats to be made available for ₹25 lakh.
Pmay SchemeDabbawalasMumbaiAffordable HousingMaharashtra GovernmentReal Estate MumbaiSep 13, 2024
The Pradhan Mantri Aawas Yojana (PMAY) scheme is a housing scheme launched by the Central government to provide affordable housing to the urban poor.
12,000 houses will be constructed for dabbawalas in Mumbai under the PMAY scheme.
The houses will be made available for ₹25 lakh.
The project will be implemented by the Maharashtra Housing and Area Development Authority (MHADA) under the PMAY scheme of the Central government.
The project will be completed within three years.
Altem Capital's JIRAAF AU INDIA REAL ESTATE FUND - I targets INR 250 crore, focusing on plotted developments and last-mile funding to boost India's real estate sector.
Hyderabad is set to witness a major real estate boom with the announcement of several landmark development projects, including a future city at Mucherla and expansion of metro rail.
Girish Goenka, CFO at Piramal Realty, discusses the growing trend towards larger homes and the company's focus on luxury gated communities with essential amenities.
Real estate firm Mahindra Lifespace Developers Ltd has entered into a strategic partnership with Livingstone Infra to redevelop a project in Mumbai, with an estimated revenue of ₹1650 crore.
The Reserve Bank of India (RBI) has introduced updated prudential norms for Urban Cooperative Banks (UCBs), emphasizing stricter regulations to ensure financial stability and reduce risks. The new guidelines focus on housing and real estate sectors, among
Despite economic challenges, real estate investments in the Asia Pacific region, particularly India, continue to rise, with the market seeing a 12% increase in 2024.