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Silence over sops for middle-income housing surprises real estate sector

Silence over sops for middle-income housing surprises real estate sector SECTIONS Share Synopsis In a bid to boost demand for real estate and construction activity, the government had extended the benefit of the Credit Linked Subsidy Scheme (CLSS) by a year to March end. There’s been no intimation on a further extension of the scheme, which may end up hurting PM Modi’s objective of Housing for All by 2022, apart from hitting the economy. The government’s silence on extending a subsidy scheme for the middle-income group under the Pradhan Mantri Awas Yojna beyond March 2021 has surprised potential homebuyers, experts and industry stakeholders.

Challenges of #AatmaNirbhar cities and Union budget 2021-22

By Soumyadip Chattopadhyay, Arjun Kumar Twenty-first Century India is urbanizing at a massive scale. The country is expected to house half of its population in urban areas by the year 2040. Cities, especially the larger ones, have been placed at the centre of the economic growth strategies. However, the increasing pace of urbanisation in India has not been matched by adequate planning, governance and infrastructure development. The impacts of the COVID-19 pandemic have further exposed the shortcomings of Indian cities in addressing urban densification and inadequate provision of urban basic services including drinking water and sanitation. This pandemic has affected the urban poor more than anyone else. The engines of our economic growth have been derailed due to massive disruption in economic and related activities inflicted by this pandemic. Given the predominance of informal production and labour relations in the Indian cities, a cessation of all economic activity is bound to h

Muthoot Homefin aims to disburse ₹700 crore of home loans in FY22

Muthoot Homefin aims to disburse ₹700 crore of home loans in FY22 February 22, 2021 Will focus on expanding our housing finance operations in Southern States: MD George Alexander Muthoot Muthoot Homefin (India) Ltd, a wholly owned subsidiary of Muthoot Finance, is aiming to disburse ₹700 crore of home loans in FY2021-22. “We are steadfastly progressing on taking the ‘Housing for All’ initiative of the government to the farthest Tier II and III locations in the country in order to support the affordable housing needs and aspirations of every Indian. As of now, we will be focussing on expanding our housing finance operations in the Southern States of the country. With the additional focus towards collections in FY2020-21, the company has been able to contain delinquencies on the portfolio during the pandemic and have now stabilised its collections,” said George Alexander Muthoot, Managing Director.

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