Market Updates

Union Cabinet approves extension of PMAY-Urban till Dec 31, 2024

The Union Cabinet on Wednesday approved continuation of Pradhan Mantri Awas Yojana (Urban) till December, 2024, a statement stated. Launched in June, 2015, the original deadline for the scheme - Housing for All' Mission - aimed at providing pucca houses to all eligible urban beneficiaries was March 2022. According to the government, financial assistance will be provided for the completion of...

Where to Invest in Affordable Housing Projects

Where to Invest in Affordable Housing, Gurgaon Vs Faridabad Haryana Government notified affordable housing policy 2013 and 2018 to provide housing to all by 2022 under Public Private Partnership model.  Allotment and price are governed by Government and chargeable on ‘Carpet Area’ of the dwelling unit. Houses, Flats or Apartments under this scheme are available in Gurugram (Gurgaon), Faridabad,...

Haryana government increases floor area ratio in private colonies

The Haryana government on Saturday decided to increase the floor area ratio (FAR) of individual residential plots in private colonies from 1.98 to 2.64. The policy will help thousands of plot holders in private colonies, who had been seeking revision of the FAR norms, to allow them to make additional constructions on the same plot. Officials of the department of town and country planning (DTCP), however,...

Indian Oil to invest Rs 2,282 crore to set-up second R&D centre in Faridabad

New Delhi: Indian Oil Corporation (IOC), the country’s largest fuel retailer, is planning to open its second Research and Development (R&D) facility adjacent to an existing facility in Faridabad, Haryana, at a cost of Rs 2,282 crore. The proposed facility -- to be called IndianOil Technology Development and Deployment Centre -- will be spread across 59.32 acres of land in Industrial Model Town...

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