Apartments for rent in Abhinav Pebbles II

Days after it came to light that only eight per cent of housing units have been completed nearly three years after the launch of the Pradhan Mantri Awas Yojana-Urban (PMAY-U), the government has come up with a correction. According to a government release posted on March 23, while 3.5 lakh houses have been completed under the scheme, the foundation stone has been laid for another 18.47 lakh units. The government plans to build 40.65 lakh homes under the scheme.

In order to provide ease of commuting, the Delhi Metro is going to build seven subways along the Magenta Line near the Outer Ring Road. The plan is to build seven underpasses for pedestrians at Munirka, RK Puram, IIT, Panchsheel Park, Chirag Delhi, Greater Kailash and Nehru Enclave. These subways will be operational by mid-April. Through their multiple exits and entry points, these subways would help non-Metro travellers, too.

Here is all you need to know about the home-loan subsidy under the Pradhan Mantri Awas Yojana.

The National Capital Region Transport Corporation is planning to link the Delhi Metro with high-speed railway network that will bring down the travel time between the national capital and the cities that fall under the NCR. The project, which is estimated to cost Rs 1 lakh crore, is expected to cater to over 20 lakh commuters daily. The completion deadline for the project is yet to be finalised.

Lack of public transportation has for long had an impact on the property prices in Noida and Greater Noida. However, the upcoming Metro links will change the real estate landscape of these twin cities and boost property prices. Trial runs on the 30-kilometre Aqua Line in Noida will begin from April 15 — a route that will originate from Sector 71 and terminate at Delta Depot Station in Greater Noida. Many commercial markets in Noida as Sector 60, 61, 62, 63, SEZs and Noida-Greater Noida Expressway will witness real estate growth. Housing opportunities and rental demand are also set to rise in Noida.