affordable housing sector.
A good news for the realty market as Kone Corporation, the world’s second largest elevator manufacturer is setting up a new facility adjacent to its existing Chennai unit exclusively for elevators. They are confident about the growth prospects for the domestic residential housing sector and believe that the real estate industry friendly new NaMo government [...] Continue Reading »
According to Assocham, the affordable housing sector should be granted ‘infrastructure status’ because the sector has the potential to invigorate the economy. Seeking ‘infrastructure status’ for the affordable housing sector, Assocham has put forth the opinion that the sector has the capacity to generate a ‘multiplier effect,’ both in terms of creation of employment and [...] Continue Reading »
New Delhi- Real estate of India hopes to get infrastructure status for affordable housing sector in the upcoming Union Budget 2013-2014. From the past three years the real estate sector has been longing for industry status. The recent tax benefit on home loans provided by the Finance ministry has boosted the industry’s hope. The Budgets [...] 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 »
Delhi- One of the major reasons for acute shortfall of housing in Delhi is the lower floor area ratio (FAR) which does not allow high-rise apartments in Delhi. Thousands of high-rises with having 15 to 20 floors are found in Mumbai and National Capital Region (NCR), since the FAR value is high. But it is [...] Continue Reading »
New Delhi- Real estate being beaten by decreasing demand owing to high interest rates and economic slowdown has demanded for infrastructure status for the housing sector in the Budget for 2013-14. If given the infrastructure status, the sector would gain of tax benefits and easier flow of funds. At least the affordable housing sector should [...] 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 »
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 »
