#RealtyNewsRoundup: Proposal To Give NPS Subscribers Housing Loans At Affordable Rates

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

To provide housing finance options to the subscribers of the National Pension System (NPS), the pension fund regulator has formed a panel to look into the proposal. The panel, which is headed by former MD and CEO of HDFC Life Deepak M Satwalekar, is expected to give its report within six weeks.

Various government departments have issued challans to the tune of Rs 7 crore for waste burning and dust pollution at construction sites. The Delhi government's environment department held a meeting with the Delhi Development Authority, the Public Works Department, the transport department, and the municipal corporations, where action-taken reports were submitted. The fines have been imposed on the orders of the National Green Tribunal.

The members of the Association of Builders for Chennai Development sat on a hunger strike in Chennai seeking speedy regularization of unauthorised plots in the Chennai Metropolitan Area  till 2006.

The central government has approved the construction of close to 2 lakh affordable houses under Pradhan Mantri Awas Yojana (Urban) launched in June last year. Stating this Union minister of housing & urban poverty alleviation M Venkaiah Naidu said Tamil Nadu, Gujarat, Madhya Pradesh, Bihar, Jharkhand, Chhattisgarh, Uttarakhand, Himachal Pradesh and West Bengal emerged as the 'good performing' states under the scheme.

Source: Media reports