Affordable houses
In a first of its kind move in the country, the Delhi Development Authority (DDA) is setting up affordable housing facilities scheme for senior citizens. These affordable housing units will have all the state-of-the-art facilities for senior citizens aged 60 years and above, so that they can live with comfort and ease. The houses are [...] Continue Reading »
Civil construction and real estate major Shapoorji Pallonji and Company Ltd is likely to get a major boost for the development of affordable housing project. The private investment arm of World Bank, International Finance Corporation (IFC) is likely to lend it $30 million for the task. Bigger Plan SPCL has big plans for the future. [...] Continue Reading »
Answering queries raised by the media regarding inclusion of EWS houses at Dwarka, Sector -23 in the new housing scheme as one bedroom apartments, the Delhi Development Authority (DDA) on Monday clarified that the flats at Dwarka, Sector-23 was initially conceived as affordable houses for lower sections of the society and accordingly the work was [...] Continue Reading »
Tata Group’s realty company, Tata Housing is preparing to invest Rs. 3,000 crore into joint development agreements, and more land this financial year (FY). MD and CEO of Tata Housing Development, Brotin Banerjee says that the current FY is very important for the company, as they plan on increasing expenditure on acquiring land. The move [...] Continue Reading »
Pune based Vastushodh builders recently announced the launch of its new project AnandGram affordable housing project at Ketkawale on Pune-Satara Highway. The AnandGram housing project aims to fulfill the requirements of lower and middle income group. In this project, the houses have full facilities and cost around Rs 5 Lakh to 20 Lakh. Mr. Sachin [...] Continue Reading »
Gujarat- The real estate industry and the state government is all set to develop large number of affordable residential units in various regions of state. The state government has promised to initiate work for developing 120,000 homes for the poor and homeless people of the state for the year 2013-14. Government has allocated a total [...] Continue Reading »
Bhubaneswar- Odisha developers are suspicious with the state government’s plan of developing one lakh affordable houses in 10 years. The government had initiated ‘scheme for affordable urban housing in Odisha-2012′ which directs developers to reserve 15 percent built-up space for developing residential units for economically weaker section (EWS) and lower income group (LIG). But the [...] Continue Reading »
With the new industrial policy in place, there is no much hope for increasing housing stocks in Pune. Even officials of Maharshtra Industrial Development Corporation (MIDC) have admitted that majority of the SEZs will not have enough land left with to implement the schemes. Even, the realtors have pointed out lack of basic civic infrastructure [...] Continue Reading »
Ahmedabad- On one hand, the developers are waiting for an increase in floor space index (FSI) rules and on the other hand the year 2012 recorded 46 percent drop in the residential unit supply in Ahmedabad. The maximum number of projects in Ahmedabad were in mid segment while the it was just 12 percent in [...] Continue Reading »
From May, it will be easy to know whether you have won the lottery for affordable houses in Mumbai. Maharashtra Housing and Area Development Authority (Mhada) is planning to send SMS alerts and emails to those who have won after minutes of the lottery draw. Currently, the procedure is very tedious. This move will bring [...] Continue Reading »
