Samajwadi Awas Yojna: Uttar Pradesh’s Initiative for Affordable Housing

The Samajwadi Awas Yojna, introduced by the Uttar Pradesh government, is a comprehensive housing policy designed to bridge the gap in affordable housing for the Economically Weaker Section (EWS), Lower Income Group (LIG), and Medium Income Group (MIG) of society. Since its inception, several development authorities under the state government have rolled out various housing schemes to meet the diverse needs of these income categories.

Key Housing Schemes Under Samajwadi Awas Yojna
The following are some of the prominent housing schemes launched under the Samajwadi Awas Yojna:

Indraprastha Housing Scheme
Samajwadi Lohia Enclave Awas Yojna
Anand Vihar Housing Scheme
Lohia Greens Housing Scheme
Vasundhara Enclave Housing Scheme
Shatabdi Nagar Affordable Housing Scheme
Ramganganagar Housing Scheme
New Affordable Housing Scheme in Lucknow
These schemes offer a range of flats for the MIG, EWS, and LIG categories, addressing the housing shortage and making homeownership more attainable for the underprivileged.

Indraprastha Housing Scheme 2015
The Ghaziabad Development Authority launched the Indraprastha Housing Scheme at Indraprastha Pocket-D, Ghaziabad, offering 888 flats across various categories at affordable prices. The scheme was open for applications from March 10 to April 10, 2015. More details on the scheme can be found on the official website.

Samajwadi Lohia Enclave Awas Yojna
Lucknow Development Authority’s currently running scheme, Samajwadi Lohia Enclave Awas Yojna, offers 5,779 multi-storey flats for EWS, LIG, and MIG categories at Devpur Para, Lucknow. The registration period was from February 2 to March 31, 2015.

Anand Vihar Housing Scheme
Under the Anand Vihar Housing Scheme, the Hapur Pilkhuwa Development Authority offered 198 multi-storey flats for LIG and MIG categories. Located at Anand Vihar Yojna NH-24, the application period was from February 20 to March 20, 2015.

Lohia Greens Housing Scheme
The Bareilly Development Authority launched the Lohia Greens Housing Scheme with 447 flats. Alongside the Ramganganagar Housing Scheme, these initiatives aimed to provide affordable housing options, although registration for both schemes has since closed.

Vasundhara Enclave Scheme
The Gorakhpur Development Authority introduced the Vasundhara Enclave Scheme, offering 240 flats for the MIG category at Gautam Vihar Extension. The registration for this scheme is now closed.

Shatabdi Nagar Affordable Scheme
One of the largest schemes by the Kanpur Development Authority, the Shatabdi Nagar Affordable Scheme, invited applications for 7,360 units located at Shatabdi Nagar, Kanpur. The registration period started at the end of January and closed on March 3, 2015.

Future Prospects and Expansion
The Uttar Pradesh government is not only focused on the current housing schemes but is also planning the development of new townships. These future projects are expected to offer thousands of additional flats for MIG, LIG, and EWS categories, further expanding the reach of affordable housing in the state.

The Impact of Affordable Housing Schemes
Affordable housing schemes like the Samajwadi Awas Yojna play a crucial role in improving the quality of life for lower-income families. According to a report by the Ministry of Housing and Urban Affairs, as of January 2021, the Pradhan Mantri Awas Yojana (Urban) has sanctioned over 1.1 crore houses for urban India, with Uttar Pradesh being one of the significant beneficiaries. Read more about PMAY-U.

Conclusion
The Samajwadi Awas Yojna is a testament to the Uttar Pradesh government’s commitment to addressing the housing needs of its citizens. By providing affordable housing options, the state is not only empowering its residents but also stimulating economic growth and social stability. As the program continues to evolve, it is expected to leave a lasting impact on the urban landscape and the lives of countless individuals seeking a place to call home.

Why Today’s Market Trends Require Private Equity Fund Administration

The financial crisis of 2008 showed investors the unpredictable nature of the global market. As a result, today’s financial environment has become stricter and more demanding, requiring firms to focus on accurate reporting, delivering greater transparency and tighter accounting controls. In sum, an efficient private equity fund administration.

While other firms choose to stick with an in-house staff for this responsibility, recent reports show that more private equity managers now embrace outsourcing. “The shift to outsourcing is also being driven by more complicated investment strategies, higher flows into private equity, the need among asset owners for more accurate and timely valuation, and more domestic and international regulations,” shares asset servicing and trading expert Rick Baert of Pensions & Investments.

What actually makes these challenges tougher and tougher each year is the perpetually changing landscape of the global financial market. The unexpected swings and hurdles along the way require not only proficient administration of funds, but also proper execution of strategies that can mitigate risks and yield higher return on investment.

A recent example of this is the slump in oil prices that has spurred activity among private equity investors across the globe. According to Arno Schuetze and Freya Berry of Reuters, “Global crude prices almost halved to around US$60 a barrel in the past 12 months, slashing company values, forcing budget cuts and putting more than US$150-billion of oil and gas exploration projects in jeopardy this year.”

While some investors decide to take a wait-and-see stance on this investment opportunity, majority of them are more bullish. What if oil prices fail to rebound for years? Is that even possible? “In the long-term the equilibrium point of oil prices is in the US$70-85 range. The question is when is it going to get there, are we talking 9 months or 30 months? That is where the risk lies,” says Warburg Pincus’ co-CEO Joseph Landy.

With the risky and volatile nature of these assets, the critical role of private equity fund administration comes to rescue. Through global operating procedures, financial accounting and shareholder reporter, fund managers allow investors to monitor and weigh risks, and come up with smart decisions based on the provided information. Fund managers also save firm administrators from all the demanding aspects of tax services, fund regulation including AIFMD and FATCA compliance.

Going back to Baert’s analysis, the positive impact of fund administrators to private equity firms has become more evident than ever before. According to the author, latest research from eVestment points out that private equity fund assets under administration (AUA) among 28 firms surveyed demonstrated a 15.27% increase in the second half of 2013, to a total of $879 billion.

To help you reach your business objectives, look for a private equity fund administration firm that knows when and where to apply the industry’s best practices in tested, yet creative ways.

Five Fun Things New Homeowners Experience

Congratulations on your new home!

You’ve secured the mortgage and you’ve got the keys. A new phase is about to start and this is a stage that is familiar to anyone who has ever bought a house. You might think the hard work and decision-making are over. But really, you’re not there yet. A new world will open to you – fabric swatches, paint charts and furniture await.

But fret not. Now that you have your very own house, you are absolutely going to love every minute of the “hard work.”

This “new homeowner syndrome” is something to be enjoyed. And with every transition in our lives, something to be enjoyed while it lasts.

Now, let the fun begin. These are 5 things new homeowners know to be true.

1. You just have to talk about home-related topics every chance you get, in every conversation you have. No matter what.

When you meet your friends or they come over to visit (of course, they just have to drop by!), you will find yourself “showing off” your new home. Oh, the pride you feel! That beaming smile you just can’t stop! If they are in your home, you will be surprised that your feet suddenly have a life of their own, dragging them into the living room or heading towards the backyard. Perhaps even inviting them to tour the second floor followed by a stop in the basement.

Along the way, you talk nothing but home-related things – the merits of wood floor over carpet or vice-versa; the happiness in vaulted ceilings and eat-in kitchens. You even do an amateur presentation of fabric swatches and eagerly ask for their opinion on the best look. They of course will nod politely, agreeing to almost everything. And that is your cue to stop talking and make some tea.

2. Your idea of fun on weekends now constitute hanging out at home improvement or home decorating stores

With a new-found passion you never thought possible, you feel a fanaticism to furniture, home decorations, appliances, and even carpentry tools (for that DIY you have in mind).

You never believed before in the joy of browsing the shelves of your local home improvement store or leisurely looking at furniture pieces. Now you even check out lying on the bed and sitting on the couch to get the feel. You are now officially a converted homeowner!

3. What clothes? Your priority changes. Now it’s all about fabric swatches and quality decors.

You will happily swap fashion for interiors. Shopping for clothes or shoes will take second priority and perhaps won’t even come close to your focus on getting your hands on the most beautiful area rug and cushions; or the beddings and comforter that are heaven to touch, and the most luxurious table cloth.

Welcome to the world of excited new homeowners.

4. You develop an obsession for color schemes

Your mind focuses on the perfect shade, complementing hues, and the difference between lemon yellow and amber yellow. This notion becomes of high importance. Weighing the pros and cons of light and dark shades for your home is constant. A sunlight means opportunity to compare beige and a darker caramel color, and afternoon rays are about observing how light reflects on those wall hangings.

5. “Before” and “After” photos take on a whole new meaning. They’re about home makeovers, not much about people’s transformations.

You no longer care about the make-over photos or the toned, trimmed after photos of people who kept their work-out regimen. It’s about homes that look fabulous after a new paint work or a new landscaping project. You get your inspiration from interior design books and home improvement websites.

You might even go tohomes for sale websites like many new homeowners to get ideas from other properties in the market.

Being a new homeowner is an experience to treasure. For one, not everyone has the chance to own a home. So count yourself blessed for having the opportunity to be a homeowner. Second, the newbie stage of having a new home shall pass too. Hence, savor the feeling and enjoy the ride. Lastly, it is always fun to do something for yourself. Whether it is home improvement or experimenting on DIY projects, or other things other than home-related, learning should never be a dull thing.

Meanwhile, if you are a future homeowner, currently searching the market for a home, particularly in the Greater Denver area of Colorado, The Blake Team-Keller Williams Realtyis your best choice for Buyer Specialists to assist you in your search for a new home.

The Blake Team is an award-winning, full service real estate company in Aurora, Colorado that specializes in Buying and Selling. If you are looking for a home in the Greater Denver and Aurora areas, The Blake Team has an extensive database of properties that goes beyond the usual active listings you see in the market. The Blake Team has foreclosures, Short Sale, HUD homes, Pre-listed properties, as well as premiere luxury real estate.