We have already sold about 900 flats," Migsun MD Yash Miglani said. The investment would be funded through internal accruals and advances from customers.The project would be completed in the next 2-3 years.When asked about the investment, he said it would be around Rs 500 crore including land cost.5 lakh, while the remaining flats will be sold at about Rs 10-12 lakh..The units allotted to EWS will be priced at around Rs 4.The company will develop 1250 flats in this 5-acre project.New Delhi: Realty firm Migsun plans to invest about Rs 500 crore to develop an affordable housing project in Greater Noida.In April this year, Migsun had announced a low cost housing project at Ghaziabad with an investment of about Rs 1,000 crore.

Affordable housing has gained momentum on the back of infrastructure status and China custom Pneumatic valve parts Factory interest subsidy offered by the government.The GST rate has also been lowered at 8 per cent for affordable housing projects, leading to higher demand and supply in this segment.At present, it is developing four housing projects, comprising about 4,000 flats, at Noida, Greater Noida and Ghaziabad in Uttar Pradesh, with an investment of about Rs 1,800 crore. Migsun, earlier known as Mahaluxmi group, has developed about 10 residential and commercial projects in Ghaziabad."We have launched a project Migsun Vilaasa in Greater Noida recently at a very competitive price. We will build about 3,000 units, of which 800 units will be for economically weaker section (EWS) to be allotted by the government under this scheme," Miglani had said earlier. The apartments are priced in a range of Rs 16-26 lakh."We are coming up with an 11-acre project Migsun Atharva at Rajnagar Extension.

Due to this, the redevelopment work of the colonies is stuck,” the letter reads. Shiv Sena MLA Mangesh Kudalkar has shot a letter to Mr Wholesale Custom Aluminum CNC machining parts Suppliers Fadnavis and housing minister Prakash Mehta expressing displeasure over no issuance of a government resolution (GR). “The housing policy for the redevelopment of Maharashtra Housing and Development Authority (Mhada) colonies was announced on September 2.”

The announcement of the housing policy has to be followed up with the announcement of guidelines by means of GR, after which the state administration is to follow up.S.“My letter to both Mr Mehta and Mr Fadnavis was just a reminder to speed up the process of the GR issuance. Meanwhile, S. However, I have verbally reminded the Shiv Sena leaders about issuing the GR. However, a month has passed and the state housing department is yet to issue a GR.”. Subsequently, Mhada administration would implement it.On why he did not write to Mr Thackeray and minister of state (housing) Ravindra Waikar, who announced the housing policy, Mr Kudalkar said, “The letter is just a reminder and one should not read more than that into it. Zende, chief executive officer, Mhada, said, “I am told that the housing department would issue the GR on the housing policy by October-end.The new housing policy announced by the state government last month that witnessed the presence of chief minister Devendra Fadnavis and Shiv Sena chief Uddhav Thackeray, is now being questioned by the latter’s party.

The research found that those with the Custom Metal Parts suppliers lowest wellbeing grew up in a privately owned house, but rented for the rest of their lives, which indicates downward social mobility, or at least the inability to sustain the same housing standards as in early life.While having an important and obvious effect on peoples quality of life in the here and now, the study has demonstrated that it plays an equally important role in the long-term by producing wellbeing in later life.This indicates that duration of tenure really matters, and strengthens the idea that living in rented housing for longer exposes people to more risks in terms of health and wellbeing, as housing quality is lower.However, due to the enormous increase in prices for younger generations, this has now become impossible for many.."

For older generations renting for longer is linked with lower wellbeing in later life, underlining the need to increase the availability of safe, affordable and high quality housing for the many," he said.On the opposite side, those with the highest wellbeing were born abroad and bought their own homes early in adult life.Moving into rented accommodation as an adult or renting for life are becoming much more dominant for the current generation, and this stresses the urgency of the need to build genuinely affordable housing in the UK."Tenure is important not only in the here and now, but has long term effects on wellbeing," said Bram Vanhoutte, from University of Manchester.Researchers from the University of Manchester in the UK looked at the housing careers of 7,500 people in England over the age of 50.Buying a house used to be a key development in peoples lives, providing a way to accumulate wealth as well as psychosocial benefits in terms of long-term security.London: People living in rented homes for a long time have more symptoms of depression and lower levels of wellbeing than those who own a house, a study has found.They found that living in rented accommodation for longer - or owning accommodation for shorter lengths of time - is linked with more symptoms of depression and lower subjective quality of later life.