Affordable homes
The real estate firms are revisiting strategies for development in India’s smaller cities. Various firms have been pursuing varied strategies on the backdrop of a realty slowdown. Some large developers are sticking to bigger cities while discontinuing project plans in smaller towns. Some firms are switching from premium to affordable homes to generate sales and [...] Continue Reading »
The Hiranandani Group is to construct low-cost affordable houses in Powai. The Bombay high court restrained the Hiranandani group from starting any construction in Powai. The Powai project has been under much controversy so far. Following a public interest litigation (PIL) alleging large scale violations by Hiranandani in building flats instead of affordable houses in [...] Continue Reading »
Good news emerge for economically weaker section as National Housing Bank (NHB)has slashed its refinance rate by up to 100 basis points for home loans not exceeding Rs 5 lakh. NHB said it has reduced the rate to promote affordable housing finance for low income people in urban areas. It has been pondering schemes for [...] Continue Reading »
This year budget has brought great hopes for those builders who were indulged in developing affordable homes. As per the current external commercial borrowing (ECB) norms, interest rates will be charged less in case of loan taken from foreign financial institutions than domestic ones. Also loans have been made cheaper for affordable homes’ buyer by [...] Continue Reading »
Property sales has witnessed a quiet all time low in the couple of years. Yet in this scenario, affordable homes also did not do any magic on the buyers’ buying spree. Hike in property prices and higher interest rates can not be blamed alone. There are other reasons like difference in buyer preferences or high [...] Continue Reading »
Affordable Home is looking no more affordable. It is surprising to know that 44% of the housing units having the price tag of less than Rs. 35 lakh are lying unsold in 7 main Urban areas of India – Delhi-NCR, Mumbai, Pune, Bangalore, Hyderabad, Kolkata and Chennai. What comes first to the mind is over [...] Continue Reading »
Since the land acquisition case in Noida, developers are planning to sell their properties as affordable homes. Likewise, interested buyers are aiming at the twin cities for better offers. But the problem occurs as the number of property frauds are on a rise in these cities. Approximately 200 fraud cases has been registered with the [...] Continue Reading »
Pune market has always caught the attention of national as well as international property buyers and investors. E-profest is acting as powerful medium to showcase the city’s property and cater to all interested buyers. Confederation of Real Estate Developers Association of India (CREDAI) started a virtual realty fair, e profest which saw a good response [...] Continue Reading »
Navi Mumbai, that could once boast of offering houses at moderate prices is now burning a hole in a buyer’s pocket. Residents are not happy with the scene. What they want is that the place must go back to its original plan of offering affordable homes. The town witnessed a good housing growth till five [...] Continue Reading »
