Temasek-owned urban and infrastructure consultancy company has bagged an order from Gujarat Housing Board related to an affordable housing project in Gujarat The scope of work includes master planning, concept design, design review and project management services to build 15,000 homes across 12 sites in cities like Ahmedabad, Surat, Vadodara and Rajkot in the next four years.

Temasek-owned urban and infrastructure consultancy company has bagged an order from Gujarat Housing Board related to an affordable housing project in Gujarat The scope of work includes master planning, concept design, design review and project management services to build 15,000 homes across 12 sites in cities like Ahmedabad, Surat, Vadodara and Rajkot in the next four years.

The civic body plans to implement the project to construct 70,000 affordable houses in Vijayawada. Around 200 acre of land is required for the project.

Lot of demand exists in the affordable housing segment. In order to meet the housing for all by 2020, there is a direct intervention by government through various initiatives such as CLSS, tax benefits and more under the affordable housing sector.

Real estate firm Puravankara Ltd is likely to launch six new projects in this financial year across cities like Kochi, Mumbai, Pune, Bengaluru, and Chennai.

HDFC Property Fund plans to raise $500 mn for residential projects.

The City and Industrial Development Corporation (CIDCO) of Maharashtra plans build 90,000 houses in Navi Mumbai as part of Pradhan Mantri Awas Yojana (PMAY).

Mumbai-based Hiranandani Communities plans to diversify into affordable housing and industrial warehousing parks.

RK Group forays into housing finance by launching Wonder Home Finance Ltd (WHFL). The company is likely to fund affordable housing segment and small businesses starting with Rajasthan.