#RealtyNewsRoundUp: HUDCO Raises Rs 1,788 Cr Via Tax-Free Bonds

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Housing and Urban Development Corporation (HUDCO), the state-run techno-financial institution that finances and promotes housing and urban infrastructure projects across India, has raised Rs 1,788 crore via tax-free bonds. The funds will be used to develop housing projects for the economically weaker section (EWS) and the low-income group (LIG). Read more

 Karnataka Chief Minister Siddaramaiah has given his approval to the proposed increase in the guidance value of properties across the state. The move is likely to hit the property prices in Bengaluru and other cities of Karnataka, making real estate expensive from April 1. The increase in guidance value will range between 10 per cent and 30 per cent. Read more

The proposed Navi Mumbai International Airport is expected to become operational by 2019. The project, according to Maharashtra Governor C V Rao, has received good response in the qualifying round of global tenders. Alongside the airport, the City and Industrial Development Corporation of Maharashtra (CIDCO) will develop a smart city, NAINA. The smart city will comprise 30 towns around the airport. Read more

Now, some good news for home buyers in Jaipur. The flats worth Rs 50 lakh or more will cost less as the Rajasthan government plans to withdraw one per cent registration fee and put a cap of maximum Rs 50,000 on them. Read more