affordable housing in India
Tata Steel expects rising demand for affordable housing in the country to drive growth for its pre-fabricated construction solutions. The company introduced its low-cost, pre-fabricated housing solution, Nest-In, last year and saw good initial response in the Indian market, a company official said. We see this as an upcoming technology that could address the vast [...] Continue Reading »
The real estate industry is dancing a new tune ever since the new incoming government has been elected. There are many consultants and builders that have put forth statements in the days gone by suggesting low and affordable homes for all. Taking a look at the manifesto led by the Bharatiya Janata Party, the Team [...] Continue Reading »
Delhi- In order to promote low-cost housing projects, the government is planning to allow foreign direct investment (FDI) in such projects, subject to a host of conditions, including a lock-in period and minimum capital requirements. At present, FDI is banned in the real estate business but 100 percent FDIis allowed in the construction development projects [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC), a well-planned satellite town adjoining Pune, that offers properties at an affordable price, good amenities and infrastructure and also promises a good return. Property prices are rising even in outskirts of Mumbai and the ratio of affordable housing has gone out of control. However Pune real estate has a far [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
The Ministry of housing has sought tax sops, under the section 80IB (10) of the Income Tax Act, for the developers of affordable housing projects. A senior government official said the housing ministry has also asked for service tax exemption for private developers of the affordable housing projects. Also, the ministry has suggested that the [...] Continue Reading »
Ahmedabad- Affordable housing sector, which is on hype in the last one decade, has emerged as an important issue in Ahmedabad. Knowing that the new development plan, which was due for more than a year, will be announced shortly, realtors are highly stressing on housing needs of the city. Developers are anxious as the new [...] Continue Reading »
During BSP regime in Uttar Pradesh, a housing scheme was introduced which had some loops in the agreement. A new board meeting is organized by three authorities in Gautam Budh Nagar to settle a new amendment in the housing scheme. The housing plots were available to all by just paying 10% of the total amount [...] Continue Reading »
New Delhi- The developers all over the country are expecting an industry status as well as favourable policies in the realty sector in the year 2013. However, in the year 2012, the government had initiated few favourable real estate regulations which benefited the real estate sector.Owing to this, the year 2013 can have the execution of the former year [...] Continue Reading »
A real estate developers’ body requested the Maharastra Government to reduce the ready reckoner rates that form the basis for stamp duty as the stamp duty is expected to rise from January. The government should revise the stamp duty rates effective from January 01, 2013. Paras Gundecha, president of Maharashtra Chamber of Housing Industry and [...] Continue Reading »
