Affordable housing projects
Delhi-NCR- The state-run insurance giant which promotes its venture of LIC Housing Finance Limited is expecting to generate about Rs. 700-1,000 crore via external commercial borrowings (ECB). Various realty developers and housing finance firms were permitted to generate about $1 billion via ECBs by the Reserve Bank of India (RBI) last month to promote the affordable housing projects. According to [...] Continue Reading »
Bangalore- With the approval of proposed land acquisition bill, the property prices in India are likely to increase, estimate real estate experts. The land prices and house rates are expected to increase and this is not a good progress for the real estate sector, alleged Lalit Kumar Jain, National President of Confederation of Real Estate [...] Continue Reading »
Hyderabad- One of the renowned property development firm, Mahindra Lifespace Developers (MLDL), had been focusing on the medium and premium residential projects and has now decided to come up with affordable housing projects. The firm has decided to merge with micro finance institutions and banks to initiate the affordable housing projects. Mahindra has already set up its rank through World City projects at Chennai and Jaipur [...] Continue Reading »
In a recent report, Jones Lang LaSalle India (JLL) suggested that as compared to some major cities like Mumbai, NCR, Bangalore, Pune and Chennai, cities like Ahmedabad and Kolkata have an advantage due to high proximity of affordable housing projects to city center. At 15-20 km Ahmedabad and Kolkata offer the closest proximity to central [...] Continue Reading »
A workshop was organised by Embarq India, a not-for-profit enterprise of the World Resources Institute (WRI), in which town planners, architects, mobility experts as well as developers discussed the concerns with regard to sustainable mobility and infrastructure within special residential zones (SRZs) that are coming up in the city outskirts. According to the Confederation of [...] Continue Reading »
The Tamil Nadu Housing Board (TNHB) has planned to adopt Public Private Partnership (PPP) model to develop real estate projects in Chennai and other areas of the state. In the first step, the state government will start its first PPP venture at K.K. Nagar after finalizing bids from private developers. The government also planned to [...] Continue Reading »
Due to insufficient fund allotments, the EMS housing projects in Kochi are having a hard time. Because of the fund scarcity, thousands of homeless families, who are currently staying in makeshift sheds, are unable to complete their house construction before the monsoon. The EMS or affordable housing projects are aiming to provide houses to all [...] Continue Reading »
Vastushodh Gruhsandhi Yojana is launched by Vastushodh Projects in Pune to enhance the supply of affordable housing in Pune. Total cost of the project is estimated of Rs 225 crore. About 2400 residential units will be constructed in the project. The entire project will be developed in five different locations in the outskirt of Pune. [...] Continue Reading »
The realty developers from India are invited to the Affordable Housing Development Summit in Oman. The summit is planned to showcase the investment and business opportunities within the affordable housing sector. In the summit, experts from all over the world will discuss the solutions to the challenges of the housing sector. The representatives will discuss [...] Continue Reading »
After the amendment made by the state government in Maharashtra, a large number of real estate projects went into hold for the time being. As new projects are stuck in red tape, the real estate sector facing a cash crunch . As approvals for new projects are not coming up, the cash flow for the [...] Continue Reading »
