Affordable houses
Maharashtra Chamber of Housing Industry (MCHI) said that the state government is not helping the builders for constructing affordable housing. The government has not amended the constructing rule for the construction of affordable houses in Mumbai. The approval process is still taking long time which leads to increasing cost of construction. The government officials are [...] Continue Reading »
Ghaziabad in recent times has proved to be property buyer’s hotspot in India. May it be residential, retail or commercial the quality of construction delivered to the real estate market has been proved to be the best! Ghaziabad is titled as one of the fastest emerging city in India. Affordability is word that has held [...] Continue Reading »
In a press release by the Government of India, The Ministry for Housing and Urban Poverty Alleviation department reported that to create a slum free India, Rajiv Awas Yojana has been launched. The housing scheme will provide financial assistance to States that are willing to assign property rights to slum dwellers and to provide basic [...] Continue Reading »
The construction firm Supreme Infrastructure got two order for construction of highways and building construction in Punjab and Delhi. The company has got an order for construction of road project from Punjab works department of total order value Rs 166 crore. The other project is from Delhi Urban Shelter Improvement Board for constructing building projects [...] Continue Reading »
The HC directed the Hiranandanis to construct 3,100 affordable houses. According to the order, the developer have to take permission to embark on further construction after he finalized the constructions of the affordable houses. Niranjan Hiranandani will submit plans for construction of affordable houses in his Powai township project within two weeks. The HC stopped [...] Continue Reading »
The chief minister of Andhra Pradesh has inaugurated the construction of 151 affordable houses at Tirumala for the homeless people. The construction of each houses will cost Rs. 3.8 lakh and all the construction of all the houses will be completed in eight months. All the houses will be constructed near Mangalam, a village near [...] Continue Reading »
The Andhra Pradesh Housing Board (APHB) auctioned more than 500 acres of government land across the state to private developers ignoring the main objective of constructing affordable houses for common people of the states. APHB earned more than Rs 600 crore by auctioning 300 acres of land in Hyderabad region. After purchasing the land many [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) are constructing the affordable houses in Mumbai region for the last six decades. MHADA will announce the the sale prices for the houses this year. However the listed prices are beyond the reach of low and middle income group. The tentative cost for the houses for Economically [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) has planned to sale 3,000 affordable houses in the market this year. Among the 3000 flats, 2674 flats will be distributed among low income groups, while 174 are made for higher income group. The remaining flats are kept for middle income group. The application forms will be [...] Continue Reading »
The real estate market is looking at the coming Budget 2012. the industry is expecting some sensible announcement in the budget, that will increase the affordability of apartments among the buyers. The industry is in trouble due to high lending rates and increasing cost of construction material. These incremental prices altogether increase the cost of [...] Continue Reading »
