About 15% of total houses in Gujarat are empty. Leading the pack of cities, properties in Ahmedabad and Surat has maximum number of vacant houses. A large number of these units belong to investors , who buy houses and exit after booking profits. Usually, about 7% houses remain vacant in Indian cities. In Ahmedabad, a large number of empty houses are in chawls of eastern Ahmedabad, once home to most textile mills. Out of total 22 lakh houses
The Union Ministry of Housing and Urban Poverty Alleviation is in the process of finalizing the brand new affordable housing policy for residents of India. According to sources it may take another two bill. The government had already allowed external commercial borrowing for low cost houses in India affordable housing attractive for the developers as well. The floor space index will be raised to of granting approvals of housing projects in a bid to reduce costs by 25-40 percent. The government
After the high court has directed to remove all constructions falling in the catchment area of Sukhna Lake, the authority has carried out a demolition drive to pull down houses and upcoming structures court's order. More related stories: Illegal construction in Mysore is demolished Source: Times of