Real Estate News -13th Apr to 19th Apr 2021


Date: 19-April,2021Last Updated: 19-April,2021
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So ready for this week's real estate news roundup? Here are the major realty news curated specially for you from the finest sources in the country!

Delhi's "Rental Housing" is focusing in and around the metro stations:

Delhi: DDA (Delhi Development Authority) is focusing on “rental housing” according to its newly formulated Master Plan for Delhi (MPD) 2041. Master Plan For Delhi( MPD) is approved by the authority’s meeting on Tuesday by LG Anil Baijal, Lt Governor. As DDA has stated, MPD-2041will be focusing on non-ownership or small format housing.

Vijaywada Civic Body develops housing layout:

Vijaywada: VMC (Vijaywada Municipal Commissioner) is planning to develop a layout of the city. The regulatory body is planning to develop the layout within 5 km of the city as a part of the latest affordable housing schemes. Both private and government employees with an income of Rs 3 lakhs to Rs 18 lakhs will be eligible for the affordable housing scheme within the layout, said VMC commissioner Prasanna Venkatesh.

Citizens who have an annual income of Rs 3 lakh to Rs 6 lakh will be eligible for MIG1150 square-yard plots.

MIG 2 200 square-yard plots will be eligible for those who have an income of Rs 6 lakh to Rs 12 lakh. Income group of Rs 6 lakh to Rs 12 lakh are eligible for MIG2 200 square-yard plots. And MIG3 250 square yard will be allotted for those who have an income of Rs 12 lakh to Rs 18 lakh.

Embassy REIT facilitates office property development:

Embassy REIT has seen a rapid increase among the corporate customers and started soliciting RPFs for the year 2023-24 and now the firm has fastened its construction to meet this increased demand for the office and workspace infrastructure.

Embassy REIT will be constructing the office ventures in Pune, Bengaluru and Noida for over Rs 2000 Crore.

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