#RealtyNewsRoundUp: NHB Asks Housing Finance Companies To Report Liquidity Status

Amid reports of liquidity crunch, the National Housing Bank has sought reports from housing finance companies to gauge how there planned to raise money in a tight market. The sector regulator, say media reports, wants to know whether HFCs have enough funds to function normally.

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Paving the way for the construction of the long-pending 65-km Peripheral Ring Road (PRR) in Bengaluru, the Karnataka government has sanctioned Rs 4,500 crore for land acquisition for the project. The proposed ring road will connect the Hosur Road, the Old Madras Road and the Tumakuru Road, and enable seamless movement of vehicles without them having to enter the city.

Meanwhile, the state government is bringing an amendment to the chief minister’s one lakh housing scheme by building skyscrapers instead of the previous plan of ground-plus-three-floor structures due to land shortage.

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The Ghaziabad Development Authority has mooted a proposal to allow transferrable floor area ratio (FAR) certificates to those whose land will be acquired for developing roads, green belts or parks. These certificates can be used for construction purposes in any area of the city.

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The Thane Municipal Corporation has proposed to develop new Thane in Kharbao, one of the stations on the Bhiwandi-Vasai Road route, in coordination with the Mumbai Metropolitan Region Development Authority (MMRDA). The new city will include Kharbao, Paygaon, Shillotar, Malodi and Nagale villages, which are along the proposed 126-km multi-modal corridor from Virar to Alibaug.

Source: Media reports