TATA Housing Development

The Delhi Development Authority (DDA) has pegged its Budget Expenditure for the financial year 2018-19 at over Rs 8,000 crore. To turn the national capital into a "world-class city" through various projects, the DDA would spend Rs 3,633 crore on building houses and shops, Rs 765 crore on land acquisition, Rs 2,348 crore on land development and Rs 1,286 crore on establishment.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.

After receiving lukewarm responses to its recent housing schemes, the Delhi Development Authority (DDA) has decided to make some changes in its housing scheme for 2018 that is set to be launched in June. The scheme would offer fresh housing options in localities that have established infrastructure in place. The DDA will be building 20,987 flats under the 2018 scheme which will be spread across Vasant Kunj, Dwarka, Narela, Rohini and Siraspur.

Noida and Ghaziabad crossed the 300 mark as particulate matter-10 (PM10) levels touched a high on March 28. The situation was likely to prevail in the days to come, said experts.  According to another report by the Uttar Pradesh Pollution Control Board, six cities in India’s most populous state have nearly four times the PM10 level against the permissible limit. In this list of 24 cities where an air quality check was conducted in February, Ghaziabad leads this pack while Lucknow and Kanpur are listed at the second and third place, respectively.  Noida occupies the fourth place.

After a meeting which was attended by real estate developers active in the City of Malls on April 12 in Chandigarh, Haryana Chief Minister Manohar Lal Khattar said his government had divided the city into four zones to carry out the development work to achieve that specific target.  The move, the CM claims, has benefited the city -- various projects are under the final stages of completion.