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Maharashtra Government Announces Affordable Housing Scheme for 5,000 Dabbawalas

The Maharashtra government has announced an affordable housing scheme to provide 5,000 dabbawalas with homes under PMAY. The project, located on a 46-acre site in Thane, will feature 500 sq ft homes costing up to ₹25 lakh. MHADA will oversee the development, and the state government is considering a reduction in prices following requests from the dabbawalas.

Aranyakaa Farms Launches H2O – A 61-Acre Sustainable Farmland Focused on Water Conservation

Aranyakaa Farms has launched its 10th project, H2O – Harvesting a Brighter Tomorrow, a 61-acre sustainable farmland in Beragai, Bangalore. The initiative addresses the city’s water shortage with advanced conservation methods, including rainwater harvesting and man-made lakes. Located in the Hosur Economic Corridor, the project features a range of eco-friendly facilities and aims to provide long-term solutions to water management challenges in the region.

Govt Increases Import Duty on Edible Oils to Support Domestic Farmers

The Modi government has increased the import duty on refined oils to 32.5%, with a total effective duty of 27.5%. This decision is expected to enhance demand for mustard, sunflower, and peanut crops, improve farmer incomes, and generate job opportunities in rural areas through expanded refineries.

Arkade Developers Raises ₹122.40 Crore Ahead of IPO

Arkade Developers Ltd has successfully raised Rs 122.40 crore from anchor investors in advance of its initial public offering (IPO). The company has set a price band of Rs 121-128 per share for the Rs 410-crore IPO, which will be open for public subscription from September 16 to September 19. The raised funds will be used for ongoing and future real estate projects, acquisitions, and general corporate purposes.

Over 75,000 Applications Received for MHADA Mumbai Board Lottery

The Mumbai Board of MHADA has announced that it has received over 75,000 applications for its 2024 housing lottery. The final deadline for application submission and earnest money deposit is September 19, 2024, with the lottery draw scheduled for October 8, 2024. The lottery includes 2030 residential units across various income groups.