Tag: affordable housing

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Bhubaneswar to Offer Affordable Housing to Slum-Dwellers via Lottery

BHUBANESWAR: On Wednesday, the Bhubaneswar Development Authority (BDA) conducted a lottery to distribute homes to 38 beneficiaries through its Affordable Housing Projects (AHP) and In-situ Slum Redevelopment (ISSR) initiatives. The purpose of these schemes is to offer secure and dignified housing for the urban poor living in slums and informal settlements. The allocation involved 24 beneficiaries receiving homes at Barunei Enclave AHP in Subudhipur, nine at Santi Nagar Awas Yojana (Keshari Residency), and five at the Nilamadhab Awas scheme in Chandrasekharpur. BDA Vice-Chairman N Thirumala Naik, present at the event, highlighted the authority’s commitment to inclusive urban development. “Our goal…

Housing FinanceLatest Stories

Aadhar Housing Finance Q1 FY26 Net Profit Rises 18.56%

NEW DELHI: Aadhar Housing Finance has reported a net consolidated profit growth of 18.56% for the quarter ending June 30, 2025. The profit after tax stood at ₹237.28 crore in Q1 FY26, compared to ₹200.14 crore in the same quarter of the previous fiscal year, as per the company’s BSE filing. The net consolidated total income for Q1 FY26 was ₹851.34 crore, reflecting a growth of 19.38% from ₹713.15 crore in the equivalent quarter last year. Rishi Anand, the MD & CEO, stated, “We ended FY26’s first quarter strongly, with an AUM of ₹26,524 crore, representing a year-on-year growth of…

IndustryLatest Stories

Sustainable Cities: India’s Urban Boom Offers Opportunities

Representative image created by AI NEW DELHI: Urbanization should be seen as an opportunity to transform Indian cities into sustainable and inclusive growth hubs, said Durga Shankar Mishra, former Secretary of the Ministry of Housing and Urban Affairs (MoHUA), at the ASSOCHAM Real Estate Conference 2025. He pointed out that under the Viksit Bharat vision, India’s urban population is projected to reach about 880 million by 2047, emphasizing the need for proactive and forward-thinking urban planning. “Real estate currently contributes nearly 13% to India’s GDP, with the affordable housing and development sector expanding at almost 10% annually,” Mishra noted, underscoring…