Realty News Roundup: India Moves Up In Ease Of Doing Business Ranking; Indiabulls Reduces Home Loan Interest Rates

The Narendra Modi led-government's efforts towards making India a better place for business got some recognition when India jumped four spots in the World Bank's ease of doing business ranking to 130. Last year, the ranking stood at 142, which has been adjusted this year to 134. World Bank's Chief Economist and Senior Vice-President Kaushik Basu has said that the jump by an economy of the size of India is a "remarkable achievement". Read more. 

The Urban Development Ministry has given a go ahead to an action plan under the Heritage City Development and Augmentation Yojana (HRIDAY), totaling a cost of Rs 431 crore. Cites that are covered under the scheme include Varanasi, Mathura, Ajmer, Dwarka, Badami, Warangal, Amaravati and Vellankiniat, The Economic Times reported. Read more.

Real estate developer Tata Housing has sold 250 flats for over Rs 100 crore at its project in Goa, news Agency PTI reported. The company is developing 600 apartments in this five-acre project, which was launched recently on social media giant Facebook. The prices are in the range of Rs 30-70 lakh. Read more.

Home loan lender Indiabulls Housing Finance has reduced home loans rates by 10 basis point to 9.55 per cent for a limited period as a festival offer. It has also waived off the processing fee for loans of up to Rs 28 lakh, ET Realty reported. The offer is valid till November 15. Read here.

The Jaipur Development Authority (JDA) has decided to cancel the residential scheme for economically weaker section (EWS) category, after it found irregularities in application forms invited to allot 621 flats, The Times of India reported. However, the JDA will re-launch the scheme soon. Read here.