Affordable Housing Current Affairs - 2020

First Monday of October (October 5)- World Habitat Day

The World Habitat Day is observed on the first Monday of October month every year.  The United Nations General Assembly had declared in 1985  the first Monday in October as World Habitat Day. The day is celebrated  to recognise the basic right of all humanity to have a adequate shelter and to encourage grassroots action Read More…

Finance Minister: Rs 25,000 crore Fund for stuck Housing Projects

On November 7, 2019, Government of India announced the establishment of Rs 25,000 crore fund for home buyers whose money is stuck in stalled projects. According to the Ministry of Finance, there are over 1600 such projects comprising of 4.58 lakh housing units across the country. The “Special Window” will prioritize debt financing in the Read More…

India Cooling Action Plan

India Cooling Action Plan was released by the Union Minister of Environment, Forests and Climate Change. The plan is aimed at reducing emissions and providing thermal comfort to citizens. India Cooling Action Plan India Cooling Action Plan provides a 20-year perspective to address the cooling requirements across various sectors and recommends ways to provide access to sustainable Read More…

Government Approves Construction of more than 5 lakh Affordable Houses

The Ministry of Housing & Urban Affairs has approved the construction of another 560,695 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban). The approval was given by the Central Sanctioning and Monitoring Committee under the Ministry of Housing & Urban Affairs. The details of the projects approved are Read More…

GST council reduces Tax rates on Housing

The GST council has decided to slash the tax rate on under-construction residential properties and the affordable housing projects category. Decision of GST council The GST council has reduced the GST rate for under construction from the present 12 per cent to 5 per cent. The GST rate for affordable housing category is now 1 Read More…