Affordable housing segment
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 »
The realty sector is now starting to hope that “good days” will eventually return again with the promise of the new government coming to power. The biggest reasons for poor growth were lack of efficient policies and an unsteady and shaky economy. But with the coming of BJP, a lot of positive changes are expected [...] 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 »
Everyone needs a roof over the head, not just the ones who can shell out big bucks. When we look at a home, we look at it as an investment and one that would be affordable, emancipating decent living and conditions too. Assocham now speaks out in favor of affordable housing, and wants measures for [...] Continue Reading »
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system. The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »
Gujarat- The real estate industry and the state government is all set to develop large number of affordable residential units in various regions of state. The state government has promised to initiate work for developing 120,000 homes for the poor and homeless people of the state for the year 2013-14. Government has allocated a total [...] Continue Reading »
Affordable housing has been an issue of concern for government and policymakers. There is a serious scarcity of homes for people who have an income of under Rs 10,000 per month or even less. 12th Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units and [...] Continue Reading »
Experts say that the present slowdown in the economy can be turned to a projected growth with a revival in the real estate sector. When India’s economic growth had slowed down to 6.7 per cent in 2008-09 from 9.3 per cent in the previous year, the revival of the real estate sector with a growth in [...] Continue Reading »
A recent report shows that although India’s urban housing shortage has decreased, the phenomenal housing growth has not been able to curtail housing shortage in Indian cities to a large extent. Indian cities are short about 19 million homes. The scenario has improved over 2007, when the national urban housing shortage was estimated at 24.7 [...] Continue Reading »
The State Bank of India (SBI) has recently made an announcement of cutting its base rate by 25 bps to 9.75 per cent. Although it is likely to positively impact the home loan segment, most realtors and analysts feel that it will not prove to be a saviour for a majority of home owners in [...] Continue Reading »
