Budget 2025: Urban Challenge Fund of Rs 1 lakh crore
1 month, 3 weeks ago

Budget 2025: Urban Challenge Fund of Rs 1 lakh crore

New Indian Express  

The Centre on Saturday announced allocations to boost urban infrastructure and support affordable housing. While presenting the Union Budget, Finance Minister Nirmala Sitharama said that building on the July Budget proposals, urban sector reforms related to governance, municipal services, urban land, and planning would be incentivised. The Finance Minister said that the Government would set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and ‘Water and Sanitation’; announced in the July Budget. While presenting the budget, the finance minister also highlighted the PM SVANidhi scheme stating that it had benefited more than 68 lakh street vendors giving them respite from high-interest informal sector loans. In November 2019, the Centre announced a stress fund named 'Special Window for Affordable and Mid-Income Housing', to complete stalled housing projects across states.

Urban Fund Housing Projects Budget Finance  crore  housing  projects  urban  fund  lakh  challenge  2025  rs  minister  loans  announced  budget  finance

History of this topic

Govt. sets an ambitious housing target for 2025-26 in Andhra Pradesh
2 weeks, 6 days ago

Govt. sets an ambitious housing target for 2025-26 in Andhra Pradesh

The Hindu  

The Government of Andhra Pradesh is aiming at constructing 10 lakh houses under the PMAY 1.0 and PMAY 2.0 schemes between April 2025 and March 2026 in both the rural and urban areas. “The government is committed to completing these houses by mobilising additional funds, if required, and Chief Minister N. Chandrababu Naidu has promised to allocate additional budgetary support,” …

Dua Associates Advises SBI Ventures Limited's SWAMIH Investment Fund-I In Its Funding Of Rudra Buildwell Homes Private Limited
1 month, 2 weeks ago

Dua Associates Advises SBI Ventures Limited's SWAMIH Investment Fund-I In Its Funding Of Rudra Buildwell Homes Private Limited

Live Law  

Dua Associates advised and assisted SBI Ventures Limited's SWAMIH Investment Fund-I in its Rs 380 crores funding of Rudra Buildwell Homes Private Limited for the Greater-Noida based residential project – Aqua Casa. The transaction was completed in late January 2025 and will contribute to building on SWAMIH Investment Fund-I goal of delivering 20,000 homes every year. The Aqua Casa project …

CREDAI Visakhapatnam praises Union Budget as a visionary roadmap for infrastructure and urban growth
1 month, 3 weeks ago

CREDAI Visakhapatnam praises Union Budget as a visionary roadmap for infrastructure and urban growth

The Hindu  

The Confederation of Real Estate Developers’ Associations of India Visakhapatnam has lauded the Union Budget 2025-26, presented by Union Finance Minister Nirmala Sitharaman, as a ‘forward-thinking and visionary roadmap’ that reinforces the government’s commitment to infrastructure development and sustainable urban growth. These included greater incentives for affordable housing, an increase in the home loan interest exemption threshold, and a revision …

Hike in tax exemption limit will boost home purchase: Credai
1 month, 3 weeks ago

Hike in tax exemption limit will boost home purchase: Credai

Deccan Chronicle  

Visakhapatnam: Construction companies said the increase in the income tax exemption limit to Rs 12 lakh and the hike in the TDS threshold on rent from Rs 2.4 lakh to Rs 6 lakh are expected to boost housing sector, said chairman of Credai Visakhapatnam chapter chairman K.S.R.K. Talking to this correspondent, Raju said the Budget’s focus on infrastructure, housing and …

Builders hail ₹15K cr fund for stalled projects, but feel Budget falls short of their expectation
1 month, 3 weeks ago

Builders hail ₹15K cr fund for stalled projects, but feel Budget falls short of their expectation

Live Mint  

New Delhi, Feb 1 Realtors' apex bodies CREDAI and NAREDCO on Saturday said the industry was expecting a lot from the Union Budget including, a hike in exemption on interest paid on home loans and sops to boost affordable housing segment, even as the two associations hailed the move to set up ₹15,000 crore fund to complete stalled housing projects. …

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?
Trending News
1 month, 3 weeks ago

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?

Live Mint  

Real sector Budget 2025: Aiming at completing stuck housing projects and provide relief to homebuyers whose apartments have been delayed for years in the country, Finance Minister Nirmala Sitharaman on February 1 – while reading out the Union Budget 2025-26 – announced that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 …

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?
Trending News
1 month, 3 weeks ago

Budget 2025: What is SWAMIH Fund 2 scheme, how will it benefit middle-class families?

Live Mint  

Real sector Budget 2025: Aiming at completing stuck housing projects and provide relief to homebuyers whose apartments have been delayed for years in the country, Finance Minister Nirmala Sitharaman on February 1 – while reading out the Union Budget 2025-26 – announced that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 …

Budget 2025: Govt. announces ₹15,000 cr fund for stressed housing projects; framework to push GCCs in Tier 2 cities
1 month, 3 weeks ago

Budget 2025: Govt. announces ₹15,000 cr fund for stressed housing projects; framework to push GCCs in Tier 2 cities

Live Mint  

Bengaluru: The Union government has proposed allocating ₹15,000 crore for the much-awaited second tranche of the Special Window for Affordable and Mid-Income Housing fund, which will have a particular focus on completing stuck housing projects. The SWAMIH Fund 2 will be established as a blended finance facility with contribution from the government, banks, and private investors, finance minister Nirmala Sitharaman …

Budget 2025: Govt allocates ₹1.5 lakh crore for interest-free loans to boost state infrastructure
1 month, 3 weeks ago

Budget 2025: Govt allocates ₹1.5 lakh crore for interest-free loans to boost state infrastructure

Live Mint  

In the Union Budget 2025, Finance Minister Nirmala Sitharaman has announced a major allocation of ₹1.5 lakh crore for 50 years interest free loans to the state governments for boosting capital expenditure and development of infrastructure across the country. With this, The central government aims to empower states to make substantial capital expenditures without the immediate cost of interest payments …

Budget 2025: Housing measures announced by Nirmala Sitharaman
1 month, 3 weeks ago

Budget 2025: Housing measures announced by Nirmala Sitharaman

The Hindu  

Presenting the Union Budget for 2025 in the Parliament on Saturday, Finance Minister Nirmala Sitharaman listed measures to expand affordable housing. Ms. Sitharaman announced that 40,000 units of housing would be completed in 2025-26 to help families which have taken loans to buy apartments, while also paying rents for other dwellings since the apartments were not yet ready. She apprised …

Budget 2025: Govt Empowers Street Vendors & Gig Workers with Credit, Healthcare, and Urban Reforms
1 month, 3 weeks ago

Budget 2025: Govt Empowers Street Vendors & Gig Workers with Credit, Healthcare, and Urban Reforms

ABP News  

The government is taking significant steps to empower street vendors and gig workers across the country by linking them to financial services. Over one lakh street vendors will receive credit cards with a limit of 3,000 rupees, aimed at boosting their economic capabilities. Along with financial support, these workers will be provided with identity cards and registered on the E-Shram …

Govt to create a ₹1 lakh crore Urban Challenge Fund aimed at transforming cities into growth hubs
1 month, 3 weeks ago

Govt to create a ₹1 lakh crore Urban Challenge Fund aimed at transforming cities into growth hubs

Hindustan Times  

To ramp up urban infrastructure, Finance Minister Nirmala Sitharaman said on February 1 that the government would set up an Urban Challenge Fund of ₹1 lakh crore to finance up to 25 per cent of bankable projects and allocate ₹10,000 crore for 2025-26. Finance Minister Nirmala Sitharaman said on February 1 that the government would set up an Urban Challenge …

Budget 2025: What is Urban Challenge Fund that Nirmala Sitharaman announced
1 month, 3 weeks ago

Budget 2025: What is Urban Challenge Fund that Nirmala Sitharaman announced

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman announced the Urban Challenge Fund as she delivered her speech on Budget 2025-26 on Saturday, February 26. Finance Minister Nirmala Sitharaman said, "The government will setup an Urban Challenge Fund of ₹1 lakh crore to implement the proposals for cities as growth hubs, creative redevelopment of cities, and for water and sanitation purposes …

Budget 2025 wishlist: This is what homebuyers look forward to from the finance minister
2 months ago

Budget 2025 wishlist: This is what homebuyers look forward to from the finance minister

Hindustan Times  

With almost five lakh housing units stuck in various stages of construction across cities, homebuyers hope that Budget 2025 will focus on giving them more money and incentivising those who have not received possession of their homes for years despite having paid almost 80%- 100% of the amount to the real estate developer. They hope the government will allocate more …

What’s the Budget push for infrastructure?
7 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget: FM announces ₹10 lakh crore for urban housing scheme
8 months ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
8 months ago

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up

Hindustan Times  

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. Urban development proposals The finance minister in her seventh straight budget said that three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations …

Union Budget 2024: From farming, skilling to infrastructure, Sitharaman lists out nine priorities of Modi 3.0
8 months ago

Union Budget 2024: From farming, skilling to infrastructure, Sitharaman lists out nine priorities of Modi 3.0

India TV News  

Union Finance Minister Nirmala Sitharaman on Tuesday listed the 7 priorities of the government in Budget 2024-25. Here are the government's seven priorities in the Union Budget 2024-25: Priority 1 in Budget -Productivity and Resilience in Agri Raising Productivity and Climate Resilient Varieties Thrust on Natural Farming: 2 crore farmers to be supported in next 2 years Atma Nirbharta in …

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister
8 months ago

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today and the real estate sector hopes that the government will focus on affordable and middle income housing in the Budget. The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. The government should raise the deduction limit for interest payment …

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all
8 months ago

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all

India Today  

Finance Minister Nirmala Sitharaman announced PM Awas Yojana-Urban 2.0 aimed at housing for all while presenting Budget 2024. Finance Minister Nirmala Sitharaman says, "Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores. In the 2024 Budget, Finance Minister Nirmala Sitharaman …

Cheap, sustainable homes must amid demand boom: Eco Survey
8 months ago

Cheap, sustainable homes must amid demand boom: Eco Survey

Hindustan Times  

New Delhi: The 2023-24 Economic Survey, tabled in Parliament on Monday, called for adaptive strategies and policies to provide cost-effective and sustainable housing. The survey said the real estate sector witnessed “a robust recovery” post-pandemic, with the sale of residential real estate in 2023 recording a 33% year-on-year growth, the highest since 2013. The strong desire for home ownership was …

Urban Affairs Ministry to revamp affordable housing scheme
9 months ago

Urban Affairs Ministry to revamp affordable housing scheme

The Hindu  

The Pradhan Mantri Awas Yojana, a scheme to enable affordable housing for the urban poor, would be revamped with new features based on learning from the past nine years since when it has been operational, the Ministry of Housing and Urban Affairs said on Tuesday. A senior official of the Housing and Urban Affairs Ministry said that the revamp would …

​Budget 2024: New housing scheme to be introduced for middle class
1 year, 1 month ago

​Budget 2024: New housing scheme to be introduced for middle class

Op India  

Union Finance Minister Nirmala Sitharaman on Thursday presented the 5th and last budget of the Modi government 2.0. One of the key takeaways of Budget 2024 is the consistency in the extension of housing scheme benefits for the rural population and the middle class. “Two crore more houses will be taken up in the next 5 years to meet the …

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech
1 year, 1 month ago

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech

The Hindu  

Giving a boost to affordable housing, the government on Thursday announced a new scheme to help “deserving” sections of the middle class buy or build their own houses. Union Finance Minister Nirmala Sitharaman also gave a push to rural housing and said two crore more houses would be made under the flagship Pradhan Mantri Awas Yojana -Rural. Ms. Sitharaman said …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
1 year, 1 month ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years
1 year, 1 month ago

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years

The Hindu  

The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Union Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Earlier this month, Prime Minister Narendra Modi released the first instalment of ₹540 crore to one lakh beneficiaries of a …

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
1 year, 1 month ago

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens

India TV News  

In her last Budget announcement before the Lok Sabha elections for 2024, Finance Minister Nirmala Sitharaman outlined various housing schemes. "Our government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorised colonies” to buy or build their own houses," she said in her budget speech. Image Source …

Gurugram developers seek more Swamih funds, tax relief
1 year, 2 months ago

Gurugram developers seek more Swamih funds, tax relief

Hindustan Times  

The developers based in Gurugram and across the country, under the aegis of National Real Estate Development Council, have written to the Union finance minister to seek more funds and tax relief as a pre-budget demand. They also urged the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing funds of …

Budget 2024-25:NAREDCO seeks funds for completing residential projects under GST
1 year, 3 months ago

Budget 2024-25:NAREDCO seeks funds for completing residential projects under GST

Live Mint  

In its pre-budget recommendations, realtors body NAREDCO has sought ₹50,000 crore more fund under SWAMIH to complete stalled housing projects across the country, saying this will benefit consumers as well as the industry. NAREDCO said the SWAMIH fund has played a critical role in completing many stuck projects, leading to renewed interest among investors, both foreign and domestic, in the …

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024
1 year, 3 months ago

NAREDCO seeks ₹50,000 crore more under SWAMIH Fund in Budget 2024

Hindustan Times  

Real estate developers' body National Real Estate Development Council has recommended to the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing fund with a corpus value of ₹50,000 crore in the upcoming budget for the financial year 2024-2025, saying the move is expected to benefit both home buyers as well …

Focus must be on creating holistic urban ecosystem for future development: Puri
1 year, 3 months ago

Focus must be on creating holistic urban ecosystem for future development: Puri

Hindustan Times  

There is a need to look to the future and focus on creating a holistic urban ecosystem for ensuring last-mile access to services, enhanced operational efficiencies, financial sustainability of projects, and integration of digital technology, Union minister of housing and urban affairs Hardeep Singh Puri said. Union minister of housing and urban affairs Hardeep Singh Puri He was addressing the …

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities
1 year, 7 months ago

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities

The Hindu  

The announcement by Prime Minister Narendra Modi of a scheme to help the urban poor build houses in cities is a signal that the government is to undertake one more plan to address the problem of a shortage in urban housing. Even five months ago, its stand was that no new housing scheme had been envisaged following the extension of …

Vizag to host G-20 workshop on leveraging finance from today
2 years ago

Vizag to host G-20 workshop on leveraging finance from today

Deccan Chronicle  

VISAKHAPATNAM: Under India’s G-20 presidency, the second G-20 Infrastructure Working Group is organising a two-day workshop in Visakhapatnam from Wednesday on how cities can leverage private finance. In addition to discussing ways cities in India can leverage private finance to develop critical urban infrastructure projects, the workshop aims to build capacities of urban local bodies in innovative urban planning, accessing …

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited
2 years ago

Dua Associates Advises SBICAP Ventures Limited's SWAMIH Investment Fund-I In Its Rs 362 Crore Funding Of Kashish Developers Limited

Live Law  

Dua Associates advised and assisted SBICAP Ventures Limited's SWAMIH Investment Fund-I in its Rs 362 crore funding of Kashish Developers Limited for the Gurugram-based residential project – Manor One. The transaction was completed in late February 2023 and will contribute to building on SWAMIH Investment Fund-I goal of delivering 20,000 homes every year. The Kashish developers project along with the …

SWAMIH fund completes over 20,000 homes since 2019. Know what's its purpose
2 years ago

SWAMIH fund completes over 20,000 homes since 2019. Know what's its purpose

Hindustan Times  

The Special Window for Affordable and Mid-Income Housing investment fund has completed over 20,000 homes worth ₹12,000 crore since the initiative was launched in 2019. SWAMIH fund completes over 20,000 homes since its inception. Launched in November, 2019, with an objective to complete stressed and brownfield properties registered under Real Estate Regulatory Authority, SWAMIH investment fund is a government-funded initiative …

Centre’s SWAMIH Fund completes 20,557 homes since its inception in 2019, unlock ₹35,000 cr liquidity
2 years ago

Centre’s SWAMIH Fund completes 20,557 homes since its inception in 2019, unlock ₹35,000 cr liquidity

Live Mint  

NEW DELHI: The Special Window for Affordable and Mid-Income Housing Investment Fund has completed over 20,000 homes since its inception in 2019. The SWAMIH Fund is a social impact fund, The fund is “SWAMIH has so far provided final approval to about 130 projects with sanctions worth over ₹12,000 crore. In three years since inception in 2019, the fund has …

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan
2 years, 1 month ago

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan

Hindustan Times  

Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year. Union finance minister Nirmala Sitharaman at a post-budget press conference in New Delhi on Wednesday The government also announced in the …

Realty stocks plunge 4 pc post budget
2 years, 1 month ago

Realty stocks plunge 4 pc post budget

Deccan Chronicle  

NEW DELHI: Shares of real estate companies plunged 4 per cent on Wednesday after Finance Minister Nirmala Sitharaman announced increasing PM Awas Yojana outlay by 66 per cent to Rs 79,000 crore for the next fiscal year. Shares of Sunteck Realty plummeted 5.67 per cent to close at Rs 345 per share on the NSE, while Indiabulls Real Estate tumbled …

Budget 2023 | PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities
2 years, 1 month ago

Budget 2023 | PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities

The Hindu  

Giving a huge boost to affordable housing, the Union Budget presented on February 1 increased the allocation for the PM Awas Yojana by 66%. Finance Minister Nirmala Sitharaman also announced an Urban Infrastructure Development Fund which will be used to create urban infrastructure in Tier 2 and Tier 3 cities. Ms. Sitharaman said that the Urban Infrastructure Development Fund will …

Budget 2023: Will FM Sitharaman Make Property Purchase Easier for Homebuyers?
2 years, 2 months ago

Budget 2023: Will FM Sitharaman Make Property Purchase Easier for Homebuyers?

News 18  

The Indian housing sector did reasonably well in 2022. The budget could include increased funding for the Pradhan Mantri Awas Yojana, a government programme that provides affordable housing to the urban and rural poor. Announce tax incentives Under Section 24 of the Income-tax Act of 1961, homebuyers can currently claim an income tax deduction for the interest paid on their …

Housing for all: Centre approves continuation of PMAY-U scheme till 2024
2 years, 7 months ago

Housing for all: Centre approves continuation of PMAY-U scheme till 2024

Hindustan Times  

The Union Cabinet on Wednesday approved a proposal of the ministry of housing and urban affairs for the continuation of Pradhan Mantri Awas Yojana-Urban up to December 31, 2024. Pradhan Mantri Awas Yojana is an initiative by the Union government, under which the Centre is aiming to provide affordable housing to the urban poor with a target of building two …

Project proposals for over 60,000 houses approved under PMAY(U): Govt
3 years, 1 month ago

Project proposals for over 60,000 houses approved under PMAY(U): Govt

Live Mint  

Project proposals for over 60,000 houses were approved for construction under the Pradhan Mantri Awas Yojana in Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Karnataka and Rajasthan, the Ministry of Housing and Urban Affairs said on Tuesday. Earlier this month, Finance Minister Nirmala Sitharaman during the Budget presentation announced an allocation of ₹48,000 crore to build eight million houses. “The total number …

Budget 2022: Additional supply side reforms with higher incentives for home buyers can boost realty’s performance
3 years, 1 month ago

Budget 2022: Additional supply side reforms with higher incentives for home buyers can boost realty’s performance

Firstpost  

Union Budget 2022-23: Notwithstanding the various industry-specific amendments to the insolvency resolution laws, the implementation of the bankruptcy process for real estate companies remains a challenge In the recent past, schemes such as the Pradhan Mantri Awas Yojana have played a pivotal role in improving homeownership. Extend tax holidays for affordable housing beyond March ‘22 Incentives of extra deduction of …

Why This Budget Reflects a New India That Refuses to Compromise on Aspirations, Come What May
4 years, 1 month ago

Why This Budget Reflects a New India That Refuses to Compromise on Aspirations, Come What May

News 18  

A century after Spanish Flu, the world was struck again by a devastating pandemic. Push for Making Railways Future-Ready For the rail sector, one the most critical transport infrastructure, this year’s allocation witnessed highest-ever plan for capital expenditure, to the tune of a whopping Rs 2,15,058 crore, of which Rs 1,07,100 crore is being allocated from the Union Budget while …

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure
4 years, 1 month ago

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure

News 18  

The Budget 2021 presented by Union Minister of Finance Nirmala Sitharaman is expected to reinvigorate the economy post-pandemic. Further, the government has announced the capex budget will be up over 34 per cent to Rs 5.54 lakh crore and, in addition to this, there is a substantial allocation for roads and railways. The other key takeaway from Finance Minister Nirmala …

Budget 2021: Concrete measures for a real estate push
4 years, 1 month ago

Budget 2021: Concrete measures for a real estate push

India Today  

Recognising the importance of reviving the real estate sector, which contributes 4.3 per cent to the country’s GDP and employs 52 million, the Centre had already set the ball rolling on a series of measures to support it, especially in the affordable segment. Moreover, in a bid to keep up the supply of affordable houses, she has proposed that affordable …

‘Housing for all’ scheme gets ₹18,000 cr
4 years, 4 months ago

‘Housing for all’ scheme gets ₹18,000 cr

Live Mint  

Bengaluru: An additional outlay of ₹18,000 crore for Pradhan Mantri Awas Yojana, over and above the ₹8000 crore allocated in the budget, by finance minister Nirmala Sitharaman on Thursday may help in giving an extra push towards the government’s ‘housing for all’ mission. “ ₹18,000 crore will be provided over the Budget Estimates for 2020-21 for Prime Minister Awas Yojana …

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY
4 years, 10 months ago

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

Firstpost  

The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects. Mumbai: With the number of ‘stressed’ real estate projects likely to increase due to the ongoing lockdown, global consultancy firm EY has recommended doubling of special stress fund to Rs 50,000 crore to provide liquidity …

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget
5 years, 1 month ago

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget

India Today  

Finance Minister Nirmala Sitharaman will present her second budget for the next fiscal year starting April 1, 2020, at a time when several issues are plaguing the economy. Economists have unanimously asked the government to focus on spending in key sectors like infrastructure and also provide tax breaks to middle class for boosting demand. Rebuilding real estate Since the real …

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