Tamil Nadu Shelter Fund invests ₹95 crore in Vijay Raja Homes’ affordable housing project

Tamil Nadu Shelter Fund (TNSF) has invested ₹95 crore in an affordable housing project by property developer Vijay Raja Homes Private Limited for the construction and development of ‘VRX 360’ a 2,700-unit under construction affordable development project in Thirumazhisai, a suburb in western Chennai. TNSF is a Category I (Social) Alternative Investment Fund (AIF) ...
July 13, 2021

Brick&Bolt launches operations in Hyderabad

Brick&Bolt, a tech-enabled construction company, has launched operations in Hyderabad complementing its existing presence in Bengaluru and Mysore. The company simplifies the construction process for the inexperienced by making it transparent, ensures zero overhead costs and enables timely project deliveries. Also read: GMR Hyderabad International Airport’s solar push cuts power bill by ₹90 lakh ...
July 13, 2021

Govt funding key to achieving housing for all by 2022: ICRA

The actual implementation of the Pradhan Mantri Awas Yojna (PMAY) has fallen below the scheduled targets and would require a substantial government funding push going forward. The ability to provide the required funds to plug the gap would be critical to meet the financial spending and consequently the physical completion targets within the stated ...
July 12, 2021

Allottee to pay demolition cost: Chandigarh Housing Board

Representative Image CHANDIGARH: The Chandigarh Housing Board (CHB) has said the board will recover cost of demolition of illegal structures from the allottee. The clarification was given after the board demolished five fresh unauthorised constructions (stairs and balconies and extra floors and rooms) at Mauli Jagran on Friday. Yashpal Garg, chief executive officer (CEO), ...
July 11, 2021