URBAN DEVELOPMENT

hudco-inks-mou-with-yeida

HUDCO inks MoU with YEIDA

New Delhi (31 July 2020): CMD Housing & Urban Development Corporation (HUDCO) M Nagaraj, and Dr Arunvir Singh, CEO, Yamuna Expressway Industrial Development Authority (YEIDA) signed an MoU for providing financial assistance to the tune of over Rs 4000 crore for various projects adjoining the up-coming International Airport at Jewar, Uttar Pradesh. These would include land acquisition, development of industrial estates, electronic city, housing projects and associated infrastructure development on both sides of Yamuna expressway over the next 3 years.

01 Aug 2020
home-buyers-oppose-builders'-move-to-dilute-rera

Home buyers oppose builders' move to dilute RERA

The Forum for People’s Collective Efforts (FPCE), a pan-India homebuyers’ association, has objected to realty developers’ proposal to amend the structural defect liability and workmanship clause under the Real Estate (Regulation & Development) Act, 2016.

 

At the first meeting of the committee formed last month under the chairmanship of Housing Ministry's additional secretary SD Meena to implement the provisions of the RERA, FPCE representatives pointed out that homebuyers received the invitation to attend the workshop at short notice and were not informed that the workshop’s objective was to get suggestions from them for amendment of the Act with regards to removal of difficulties.

 

FPCE representatives also opposed the proposals by developers to bar the jurisdiction of consumer forums. The referred to the minister for housing's statement that no provision of the Act will be amended.

08 Jan 2019
hudco-inks-mou-with-yeida

HUDCO inks MoU with YEIDA

By IndianMandarins 01 Aug 2020

New Delhi (31 July 2020): CMD Housing & Urban Development Corporation (HUDCO) M Nagaraj, and Dr Arunvir Singh, CEO, Yamuna Expressway Industrial Development Authority (YEIDA) signed an MoU for providing financial assistance to the tune of over Rs 4000 crore for various projects adjoining the up-coming International Airport at Jewar, Uttar Pradesh. These would include land acquisition, development of industrial estates, electronic city, housing projects and associated infrastructure development on both sides of Yamuna expressway over the next 3 years.

home-buyers-oppose-builders'-move-to-dilute-rera

Home buyers oppose builders' move to dilute RERA

By IndianMandarins 08 Jan 2019

The Forum for People’s Collective Efforts (FPCE), a pan-India homebuyers’ association, has objected to realty developers’ proposal to amend the structural defect liability and workmanship clause under the Real Estate (Regulation & Development) Act, 2016.

 

At the first meeting of the committee formed last month under the chairmanship of Housing Ministry's additional secretary SD Meena to implement the provisions of the RERA, FPCE representatives pointed out that homebuyers received the invitation to attend the workshop at short notice and were not informed that the workshop’s objective was to get suggestions from them for amendment of the Act with regards to removal of difficulties.

 

FPCE representatives also opposed the proposals by developers to bar the jurisdiction of consumer forums. The referred to the minister for housing's statement that no provision of the Act will be amended.

hudco-posts-51.80%-growth-in-pat

HUDCO posts 51.80% growth in PAT

By IndianMandarins 26 Jul 2017

HUDCO's Quarterly results for the Quarter ended 30th June, 2017 are out. It has posted 51.80% growth in Profit After Tax (PAT) in comparison with corresponding quarter ended June, 2016. HUDCO's sanctions increased by 100% on QoQ basis and in the same period disbursements increased by 38% on QoQ basis. HUDCO is also extending financial assistance for flagship schemes of many State Govts. like Safe Drinking Water Project 'Mission Bhagirathi' and 'Two Bed Room Housing' of Govt. of Telangana and Affordable Housing Project of Govt. of Andhra Pradesh. During April - June quarter, HUDCO sanctioned loans to various housing projects to Uttar Pradesh, under Pradhan Mantri Awas Yojana (Urban) & Pradhan Mantri Awas Yojana (Gramin) besides, Urban Infrastructure Schemes for improvement of roads and construction of bridges. HUDCO is one of the Central Nodal Agencies (CNA) to channelize the subsidy under the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme (CLSS) and is making efforts in 'Reaching the Unreached'. The 47 years old CPSE has been an integral part of Govt of India's actionable programmes & policies related to housing and urban infrastructure. HUDCO has financed various prestigious projects such as Cochin International Airport, National Games Village - Imphal, Bangalore Metro Rail, etc.   

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