News articles tagged Slum Redevelopment

Promoters of Omkar Group arrested for laundering Rs 87 crore

The Enforcement Directorate (ED) is investigating Omkar Developers and Piramal Group for a Rs. 2,000 crore loan amidst money laundering allegations. Omkar promoters were arrested, and Sachin Joshi was implicated in laundering Rs. 87 crore.

New rules by the PCMC

PCMC cancels 6,500 tenement launch under JNNURM due to PMAY launch. Beneficiaries can apply under PMAY. PCMC earlier planned 17,920 tenements but only built 11,420.

BAI Advices Maharashtra Government to Take Over SRA Redevelopment

Builders Association of India advises Maharashtra government to let MHADA, MMRDA, and CIDCO handle SRA scheme redevelopment

Truth Behind Declining Realty

The real estate sector expresses concern over the newly imposed service tax on housing, urging the finance minister for reconsideration and better urban housing policies.

Mumbai is the next target for DLF and Unitech

Mumbai is emerging as a focal point for DLF and Unitech, as both firms work to revive halted projects along with affordable housing initiatives.

DELHI TO DEVELOP SLUM AREAS SOON: REDDY

Govt to Auction Slum Lands in Delhi for Redevelopment, Boost Affordable Housing

HDIL Will Buy Land To Relocate 80,000 Slum Families

HDIL plans to raise ₹1,000 crore for Mumbai airport modernization, relocating 80,000 slum families. This surpasses the Dharavi project in scale and involves a 53-acre plot acquisition for ₹1,900 crore.

Delhi Slums Propose Huge Business To Realtors

Delhi Development Authority (DDA) plans to redevelop 30 slum clusters with private developers, offering higher FAR for increased profitability, similar to Mumbai's successful projects.

Omaxe To Invest Rs 8000 Crore To Build 10 Lakh Low-Cost Houses

Omaxe plans to invest Rs 8,000 crore in affordable housing over five years, with a goal to build 1 million low-cost houses across various states.