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All You Need To Know About Newly Launched Digital Platforms For Residential Properties

The minister additionally launched a information ebook for an reasonably priced rental housing scheme for migrants.

The nation’s actual property sector has been witnessing a protracted slowdown previous to the Covid-19 pandemic as a consequence of liquidity points and NBFC disaster. The pandemic solely worsened issues as homebuyers turned cautious about their instant spending plans. In a transfer to spice up the moribund housing sector and in keeping with the federal government’s goal of Housing For All by 2022, Hardeep Singh Puri, Minister for Housing and Urban Affairs launched ‘CREDAI Awas App’ and NAREDCO on-line portal ‘’ on July 31. The minister additionally launched a information ebook for an reasonably priced rental housing scheme for migrants.

The CREDAI (Confederation of Real Estate Developers’ Associations of India) Awaas App is a residential venture discovery on-line platform that may assist consumers to nearly discover tasks from 220 cities throughout the nation. The app lists all Real Estate Regulatory Authority (RERA)-approved tasks of CREDAI builders.

The Real Estate (Regulation and Development) Act, 2016 protects residence purchasers because it mandates {that a} minimal 70 per cent of the consumers’ cash ought to be saved in a separate account and this may be allotted to the builders just for development and land-related prices. Moreover, builders and builders can not ask for greater than 10 per cent of the property value as advance cost.

The NAREDCO (National Real Estate Development Council) portal ‘HousingForAll.Com’ will assist consumers to entry one of the best priced stock of builders. The consumers will have the ability to view full itemizing particulars, together with flooring plans and room dimensions. The portal will solely show RERA-registered tasks and there might be third-party doc verification for all of the tasks listed on the web site. Home consumers will have the ability to ebook properties instantly from the builders on-line at one of the best costs.

Mr Puri additionally launched the information pack of ‘Affordable Rental Housing Complexes’ (ARHCs) programme, which was just lately launched to supply rental lodging to the migrant and concrete poor. The ARHCs scheme was launched underneath the aegis of the Pradhan Mantri Awas Yojana – Urban (PMAY-U) as a part of Atma Nirbhar Bharat Abhiyan.

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