affordable housing units
In a first of its kind move in the country, the Delhi Development Authority (DDA) is setting up affordable housing facilities scheme for senior citizens. These affordable housing units will have all the state-of-the-art facilities for senior citizens aged 60 years and above, so that they can live with comfort and ease. The houses are [...] Continue Reading »
Bombay High Court has recently given green signal for additional floor space index (FSI) for around 2,200 redevelopment projects in Mumbai. The only condition that was kept forward by the government was struck down by the bench. The condition was to grant extra FSI in case of ongoing redevelopment schemes for old cessed buildings. Earlier [...] Continue Reading »
Gurgaon- With property prices increasing rapidly in Gurgaon, buying a property in the city has become extremely difficult for buyers of low-income group (LIG). Gurgaon has emerged as a favourite destination of many property investors and real estate developers. In order to support developers in building more and more affordable housing units, the government of [...] Continue Reading »
The increase of floor space index (FSI) to 2.5 is still not finalised for redevelopment of residential colonies constructed by the Maharashtra Housing and Area Development Authority (MHADA) in Pune. 2.5 FSI has been granted for Pune and Pimpri-Chinchwad but the rules for the same are yet to be finalised. The Pune division of Mhada [...] Continue Reading »
Real estate developers and housing finance companies are allowed by the Reserve Bank of India ( RBI) to raise funds up to $1 billion through external commercial borrowings (ECBs) in order to promote low-cost housing projects. RBI said that the funds raised through ECBs should be used either for developing low cost housing projects or [...] Continue Reading »
