Govt introduces Real Estate Regulation Bill in Rajya Sabha

The Real Estate (Regulation and Development) Bill 2013 has been introduced in the Rajya Sabha. Housing minister Girija Vyas said the bill seeks to establish the Real Estate Regulatory Authority to protect the interest of consumers in the real estate sector. Vyas also said the bill is for regulation and promotion of the real estate sector and to ensure sale of plot, apartment of building, as the case may be, in an efficient and transparent manner.

World Bank to give India $100 mn loan for Housing Project.

The World Bank has signed an agreement with the Indian government to provide a $100 million loan to help low-income families secure housing loans. “The Loan and Project Agreements for World Bank (IDA) assistance of $100 million for low-income housing finance project were signed between Government of India/National Housing Bank and the World Bank,” the finance ministry said in a release. The objective of the project is to provide access to sustainable housing finance for low-income households to purchase, build or upgrade their dwellings, it added. Financing under the project aims to create incentives for lenders to focus on lower-income households through a net all-in reduction of the lenders’ cost of funds of about 200-300 basis points.

Source: The Indian Express, August 2013
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Saviour Builders Pvt. Ltd. is one of the leading real estate developers in Delhi NCR. The Saviour Group is the tantamount to deliver contemporary quality amid excellence and diverse innovation. It has emerged as one of the prominent entities in the real estate sector of India and is into residential, commercial and township projects in and around Delhi NCR. The Group devotes its complete dedication to reach higher and build better. With its immense hard work and loyalty, Saviour has accomplished the dream of delivering various tremendous infrastructures round the city. We intend to provide you with affordable houses in the Delhi NCR region. Some of its significant projects like Saviour Greenisle, Saviour Park, Saviour Street, Gaur City -1, Gaur City -2 and many more have created a new benchmark within the trade. Today, we have our presence at Noida, Noida Extension, Greater Noida (West) and Ghaziabad. We, at Saviour, are building homes based on trust and you are invited to build your future with us. We help you live your dream of living in style.

Posted on August 17, 2013, in Real Estate and tagged , , , , , , . Bookmark the permalink. 8 Comments.

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