Real Estate News-16th to 22nd Feb 2021


Date: 22-February,2021Last Updated: 22-February,2021
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Check out our exclusive - last week's real estate news roundup ( 16th Feb to 22nd Feb) and stay updated on the Indian realty sector. All of the news has been curated from the best sources in the country just for you!

Life Mission Homes to get Insurance Coverage

Thiruvananthapuram: The government has approved the decision to provide a home insurance cover of 4 lakhs for each of the Homes constructed under the Life Mission Scheme. The tenure of the insurance will last for over three years, as the government will intervene on behalf of the owners paying the premium for the said tenure, after which the owners have to bear the same.

Bangalore Parking Policy 2.0 to be Put on Hold

Bangalore: As the new parking policy, 2.0 is getting mixed reviews from the denizens of Bengaluru. With the upcoming BBMP or Bruhat Bengaluru Mahanagara Palike elections right around the corner, many of the legislators fear that the policy will impact the same. This might cause the policy to be kept on hold till the elections are over.

Gujarat to rent out Affordable Homes

Ahmedabad: The government of Gujarat is all set to start a new housing scheme, where affordable living spaces under the jurisdiction of municipal authorities to be let out on rent. It is to be launched soon in cities such as Ahmedabad, Vadodara and Gandhinagar.

JMC to rent out vacant flats to the poor

Jaipur: The 1968 flats developed for the slum dwellers by Jaipur Municipal Corporation is to be given for the poor on rent. This decision has been formulated as none of the slum dwellers have shown interest to move out of their current residences.

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