Affordable housing projects
Chennai Metropolitan Development Authority close scrutiny of building plans and completion certificates has hit affordable housing projects in the city. The clampdown followed the collapse of an under construction 11-storey building in Chennai’s Moulivakkam area in which more than 60 people were killed. It is indeed a knee jerk reaction by the planning authority said [...] Continue Reading »
The ‘Pradhan Mantri Jan Dhan Yojna’, to be launched on August 28, will provide a vital missing link in achieving the objective of “housing for all” by enhancing the access of urban poor to cheap credit through the formal banking system, a senior official said here. The government should play a role of enabler and [...] Continue Reading »
KPMG released a report at a real estate-banking conclave organized by the National Real Estate Development Council (NAREDCO) in Mumbai on Wednesday. It came up with some data which might work as an eye opener to the current government. A fifth of the urban and rural households have very limited access to housing facilities, potable [...] Continue Reading »
On Monday in New Delhi the realtors body CREDAI (The Confederation of Real Estate Developers Association of India) sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 % while expressing their pre-budget wish list. Single-window clearance for the real estate projects to reduce red tapism and [...] Continue Reading »
The real estate industry has been reeling under the pressure of high land costs, delay in approvals, and high rate of interest from the financial institutions etc. for the last few years. Now they want the government intervention to make housing segment viable for buyers. Ceebros Property Development Chairman C Subba Reddy mentioned that there [...] Continue Reading »
’Acche Din Aane wale hain’’ was the tagline of BJP’s election campaigns and it included a lot of promises for creating facilities for the poor. Housing for all too was the most prominent mantra and Union Urban Development, Housing & Urban Poverty Alleviation Minister M. Venkaiah Naidu believes that it is possible only if the [...] Continue Reading »
Modi government is determined to provide housing for all by India’s 75th independence day and the market experts are geared up to help Modi in this agenda. Housing especially for the poor has always been a priority for the National Democratic Alliance (NDA) government. In its previous term lead by the then P.M Shri Atal [...] Continue Reading »
Recently, a survey was conducted in over nine cities, covering 1,400 respondents. As reported by Mint, two things stood out prominently in the survey. One was that people were extremely eager to see the kind of changes the new government will introduce and how it will impact real estate. And the second point was that [...] Continue Reading »
In the coming months, a number of new housing projects will be offered across the country by the National Buildings Construction Corporation (NBCC). In addition, the company will also working on plans to redevelop three government colonies in New Delhi as “green complexes.” About the new projects to be offered by NBCC across India, the company’s CMD [...] Continue Reading »
M H Ambareesh, the Housing Minister had once mentioned on Tuesday that the State Government will now focus on the modalities of the Affordable Housing Scheme. This is where the developers will be given the opportunity to earmark at least 25% of the houses to all income groups who tend to be lower at rates [...] Continue Reading »
