Affordable housing in India

Q: Hi, is there any measure being followed in order to promote affordable housing in India?

Leo, Ahmedabad

15th April 2013

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Replies (7)

Hi Mr Lokesh,
It is noticed that affordable housing projects are getting a tremendous interest in these regions, which the private developers are focusing at. Nearby sub markets like Sohna in Gurgaon including Noida Extension & Yamuna Expressway in Noida are currently known as top affordable destinations in Delhi-NCR.

Ravindra Singh,

5th August 2015

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@ Mr Lokesh,
According to sources, June quarter noticed four affordable projects launched in Sohna as well as Noida Extension in the price of around Rs 30 to 50 lakh. The Indian Real Estate Market has been seeing a slump in demand for the last 2years because of high home loan interest rates as well as serious liquidity crunch amid builders.

Veena K,

6th August 2015

Hi Guys,
According to news, the RBI has diminished the rates 3times this year, however banks have been opposed to go on the advantages to customers. According to current news, the conclusion among partners in real estate industry has went into the negative zone interestingly since the Lok Sabha election in mid-2014.

Sujan Mitra,

7th August 2015

I got to know from news, aggregate projects launched in DelhiNCR region stayed steady at nine in the June quarter. On the other hand, a 14% decrease was noticed in the quantity of projects dispatched in 2015 first half. Some how there has been many ups & downs in the affordable housing trend in DelhiNCR. Still it manages to fulfill the requirement of people.

Bulbul Verma,

8th August 2015

Hi Guys,

As per the current news, the impressive increment in affordable housing indicates that there has been some betterment in demand & supply of affordable housing. Given the immense overabundance, we have to support and diminish courses of events for endorsements and development of projects.

Samrat,

9th August 2015

Hi Lokesh,
As per different sources, centre as well as every major states need to inspect PPPs for public housing. They should support affordable rental housing as well as provide of affordable units. It will have multiplier impacts right in real estate market. An alluring sparing instrument for home possession merits considering as well.

Rituraj,

10th August 2015

Hey Lokesh,

As per sources, Haryana Urban Development Authority (HUDA) launched various affordable housing schemes in Gurgaon. Same like HUDA, Delhi Development Authority (DDA) has also launched many affordable housing project in Delhi region. It is duly noted that affordable housing project units are getting a huge demand in Gurgaon as well as Delhi.

Dwarkesh,

5th August 2015

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Hey Guys,
According to latest news, top 8cities in India noted 320% year on year jump in affordable home launches till June. Kindly discuss about it.

Lokesh Patwa,

5th August 2015

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Hi Lokesh,
According to sources, builders launched around 7000 affordable units in this period against 1670 in the year-prior quarter. Out of 7000 units, 4251 units (60%) were launched in the National Capital Region, which includes Delhi and adjacent cities, for example, Ghaziabad, Noida, Gurgaon and Faridabad.

Lewin G,

5th August 2015

Hey Lokesh Patwa,
As per the current news, special importance on affordable housing by the govt and the increasing demand has propelled a spurt in affordable housing projects over the country. New projects over every housing categories saw around 144% ascent in Delhi-NCR at 6,900 units. But in the first half of year 2015, Delhi-NCR saw a 28% year-on-year drop in unit launches to 9700 units.

Diwakar Shetty,

5th August 2015

Along with that, tax exemption for low-income houses up to 60 square metre carpet area and extension of tax holidays for low-income housing under Sec 80 1B of the Income Tax Act would be helpful at this period.

Kunal,

25th April 2013

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There are no effective initiatives in the policies for affordable housing segment. This year's budget sop of 100,000 ($1,800) additional tax benefit on home loans will largely benefit tier II and tier III cities. Launching incentivized policies for developers to provide mass housing in the suburbs and satellite towns of metros and Tier I cities would be of great benefit to the affordable housing sector.

James, Delhi

25th April 2013

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Hi guys, to promote affordable housing, National Housing Bank (NHB) is setting up an urban housing fund with 2,000 crore and the Housing and Urban Development Corp too has set a target to build 500,000 affordable homes and in its first tranche, has raised about 2,200 crore.

Padma G, Mumbai

18th April 2013

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As of now nothing is being done in this regard.. but the govt has to reform the development norms as most of the existing ones are obsolete. Increasing FAR, encouraging the public-private partnership route, speeding up the launch of real estate investment trusts or listed companies that own and manage property on behalf of shareholders, and many other measures have to be followed in order to meet the large-scale fund requirement for mass housing.

Abhishke Karule, Mumbai

18th April 2013

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