Affordable housing segment
The real estate firms are revisiting strategies for development in India’s smaller cities. Various firms have been pursuing varied strategies on the backdrop of a realty slowdown. Some large developers are sticking to bigger cities while discontinuing project plans in smaller towns. Some firms are switching from premium to affordable homes to generate sales and [...] Continue Reading »
Developing affordable housing seems to gets boost in Hyderabad. The master plan of Hyderabad makes a reservation for affordable housing projects comprising a minimum area of 4 hectares. Of all the group housing schemes which include apartments, row housing, cluster housing, mixed housing units and residential enclaves, 5 per cent is reserved to be developed [...] Continue Reading »
As Union Finance Minister P Chidambaram’s take on realtors seems to invite reactions from the developers. CREDAI national president Mr Lalit Kumar Jain stated that the finance minister should take immediate steps to boost to housing stock supply through special incentives to the affordable segment. He further added that the reported figure of unsold housing [...] Continue Reading »
Statistics suggest that there is a wide gap between the demand in supply of housing – both in terms of quality and quantity, in urban India. Technical Group constituted by the Ministry of Housing and Urban Poverty Alleviation (MHUPA) reveals data that shows that the urban housing shortage in the country at the end of [...] Continue Reading »
Brick Eagle Capital Group is the latest to enter the low cost housing sector. It plans to invest Rs. 200 Crore in five projects of Xrbia Developers Limited. Xrbia is an affordable housing venture promoted by the Eiffel group. The proposed five projects will come up in the area of Karjat, near Mumbai, on 150 [...] Continue Reading »
L&T’s construction division has won orders valued at Rs 2,592 crore for the construction of multi-storied residential apartments in Bangalore and Gurgaon, including additional work in ongoing projects. In the commercial segment, L&T has got orders totaling Rs 1,165 crore for the construction of mixed-use development, a hospital building and institutional buildings. The company has [...] Continue Reading »
The government has planned to frame new affordable housing policy to boost up the weakening real estate sector in India. In an announcement by the Union Ministry of Housing and Urban Poverty Alleviation, it is confirmed that that the government is in the process of finalizing such a policy in two months. The government is [...] Continue Reading »
The Ambavali, a small village which just now kick started with the real estate growth is located in Raigad district of Maharashtra state. The Neptune Group, who has proved themselves to be a pioneer is launching affordable houses in Ambivali. Ambavali. currently considered to be a suburb in Mumbai will be catered with affordable housing [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) are constructing the affordable houses in Mumbai region for the last six decades. MHADA will announce the the sale prices for the houses this year. However the listed prices are beyond the reach of low and middle income group. The tentative cost for the houses for Economically [...] Continue Reading »
The industry status is what the property consultants are demanding in the upcoming realty budget! Tax exemption on home loans and incentives to promote affordable housing segment is all what the real estate players are demanding for! Also, the realty players want to create a demand for retail space in shopping malls for the Foreign [...] Continue Reading »
