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Prahalad Singh

Karnataka Govt Plans to Pay Interest-Free Home Loan

Bengaluru: The Karnataka Govt plans to revisit existing affordable housing schemes that offer subsidies on home loans and replace them with interest-free home loans. This is part of the government’s mission to support PM Modi’s ‘Housing for All‘ scheme. The government plans to build 19 lakh houses in 30 months. If everything goes as per […]

Prahalad Singh

NGT Orders Delhi Government to Shut Down Industrial Units Operational in Residential Areas

NGT Orders Delhi Government to Close Down Over 4,770 Industrial Units in Residential Areas The National Green Tribunal has ordered the Delhi government to instantly closed down 4,774 industrial units operating in residential areas. A board conducted by NGT chairperson Justice Adarsh Kumar Goel announced the order after studying a report registered by an Oversight […]

Prahalad Singh

More stiff rules on cards for homebuyers taking developers to bankruptcy

The Insolvency and Bankruptcy Code (IBC) is possible to experience more changes. As per sources, the Ministry of Corporate Affairs (MCA) would soon propose revisions to the code, including protection for new buyers and stiff rules for homebuyers regarding taking developers to the NCLT. One of the revisions, which is possible to go to the […]

Prahalad Singh

FinMin asks RBI to consider one-time recast of developer’s Loan

In an effort to relieve the inactive realty sector, Modi govt is looking at yet another way to revive it. And it is true. The real estate sector plays a key role in the country’s economy, without which the economy can’t bounce back. That is the reason the Prime Minister’s Office and the Finance Ministry […]

Prahalad Singh

Govt Launched CLSS-Awas Portal For Tracking PMAY Application

About Credit-linked Subsidy Services Awas Portal (CLAP): On 25th November 2019, the Union Govt launched the Credit-linked Subsidy Services Awas Portal (CLAP) under Pradhan Mantri Awas Yojana-Housing for All (Urban). Now, people seeking to avail housing subsidy under the PMAY (U) will be able to track the status of their applications. At the launch of the […]

Prahalad Singh

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