Affordable housing schemes
For an affordable housing and infrastructure Reserve Banks allowed all banks to give loan against housing bonds issued by them. This makes loan borrowers pleased. Proclamation by Reserve Bank of India Many of retail investors make investment in long-term housing bonds (type of bond to finance for housing development) to get financing affordable housing and [...] Continue Reading »
Realty development firm Supertech announced its plans of developing an affordable housing project in Gurgaon. It shall offer units in a price range of Rs.13-20 lakhs and a total investment worth Rs.350 crore will be made for the development of the project. Supertech is a Noida based realty developer that has over 90 million square [...] Continue Reading »
Tata Capital Housing Finance is planning to boost its loan portfolio by 30 percent annually and expects it to reach around Rs 10,000 crore this fiscal. The company’s managing director, R Vaithianathan said that they have a plan to grow by 30 percent annually. At present, our overall loan portfolio is at around Rs 7,500 [...] Continue Reading »
In a city starved of affordable housing, being allotted a DDA flat in the Capital is nothing short of winning a lottery. If you are lucky to make it in the draw, you get a Delhi address at half the market rate. You don’t have to worry about the legality of the property because the [...] Continue Reading »
The Delhi Development Authority (DDA) on September 2 restored its online service. A massive response to its mega housing scheme had crashed the official website. Since the launch of the housing scheme on Sep 2, the website received a whopping 18.25 lakh hits. The top officials of the Authority mentioned that in this housing scheme, over [...] Continue Reading »
DDA’s new housing scheme received a huge response from the citizens; however the slum dwellers are not happy about it. A body of dwellers of slum clusters has moved to the Delhi High Court, challenging the DDA’s new housing scheme. The JJ clusters’ dwellers welfare association is very upset about a DDA decision. They claimed [...] Continue Reading »
The Modi government is putting a lot of emphasis on the ‘’Housing for all by 2022’’ schemes and the realty sector is also singing to that tune after a lull of many quarters. In June, Mahindra Lifespace Developers Ltd, part of the Mahindra Group, announced plans to build 2,200-2,500 houses costing between 10 and 20 [...] Continue Reading »
Narendra Modi promised the “Acchhe Din Aane Wale Hai” and his bastion now promises to leave no stone unturned to make the nation happy. In a recent goal calling, led out by the NDA government, Team Modi has placed a nationwide promise of sorts to help everyone have a roof over their heads, affordable and [...] Continue Reading »
In sync with BJP’s election manifesto of ‘’housing for all by 2022’’, Delhi Development Authority (DDA) will roll out the largest-ever housing scheme by July end. The top official talking in details about the project mentioned that “green technology” will be used in the 2600 flats across various categories. 24,000 one-room apartments and another 2,000-2,500 flats [...] Continue Reading »
Rao has recently mentioned that the housing scheme which had been made specifically for the poor will now be taken off. Two bedrooms, one hall, one kitchen along with a toilet would be made for the poor. Each of these houses would be costing Rupees 3 lakhs and would take 125 square yards. He also [...] Continue Reading »
