#RealtyNewsRoundup: Rajasthan To Build 1.9 Lakh Homes Under PMAY

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

The Rajasthan government will construct 1.9 lakh homes at a cost of Rs 2,400 crore under Pradhan Mantri Awas Yojana (PMAY). Expected to be ready by August next year, the project would focus on the Udaipur division where as many as 1.87 lakh homes will be constructed in the first phase. Read more

Unable to sell its commercial space at metro stations, the Delhi Metro Rail Corporation (DMRC) has decided to sell residential property in the national capital. The DMRC will construct 93 flats at Okhla and 350 apartments in Janakpuri in 2BHK and 3BHK configurations. The flats, which would be allotted through draw of lots, are likely to cost between Rs 80 lakhh and Rs 1 crore. Read more

Real estate firm M3M India has signed an agreement with Tata Realty and Infrastructure to sell its proposed IT- special economic zone (SEZ) in Gurgaon for about Rs 500 crore. The company has an approval to sell a 25-acre SEZ for electronic hardware in Gurgaon with a developable area of 3.5 million sq ft. Read more

If you stay in Noida and are planning to buy a car, the district administration has made it mandatory to submit an affidavit stating that you have a parking space. The decision, which was approved at a meeting of the Transport Authority held on July 15, will apply only to four-wheelers. Read more