Affordable Housing
According to international property consultants the cost of debt funding has been rising. Recently it is found that over 80 percent of all available capital for real estate is being plugged into mid-income housing. However, both affordable and luxury housing projects in India seem to have not attracted investments. Analysts believe that global players are [...] Continue Reading »
The Tamil Nadu Government has decided to waive a portion of the interest on home loans for borrowers from housing co-operatives societies. The government took this decision to make housing affordable for people in the low and middle-income group. To increase the supply of affordable housing in Chennai for people in the low and middle [...] Continue Reading »
The Union Ministry of Housing and Urban Poverty Alleviation is in the process of finalizing the brand new affordable housing policy for residents of India. According to sources it may take another two months to complete the process of formatting the bill. The government had already allowed external commercial borrowing for low cost houses in [...] Continue Reading »
Vasathi housing is going to construct their second housing project under the affordable housing scheme. The residential project in Hyderabad will be developed at Chintal, which comes close to Balanagar and Kukatpally in the city. Navya, the affordable housing complex will have 190 apartments along with supermarket, polyclinic and pharmacy. The main aim of the [...] Continue Reading »
Vastushodh Gruhsandhi Yojana is launched by Vastushodh Projects in Pune to enhance the supply of affordable housing in Pune. Total cost of the project is estimated of Rs 225 crore. About 2400 residential units will be constructed in the project. The entire project will be developed in five different locations in the outskirt of Pune. [...] Continue Reading »
Midst all crisis and back drops in Indian real estate market, the demand for luxury projects has not stopped! The real estate experts say that demand for luxury housing is increasing in cities like Mumbai, Kolkata and Bangalore. Beginning of the year 2012, affordable housing was a hot and happening topic that was discussed in [...] Continue Reading »
The real estate developers are worried with the properties in Mumbai not be sold kept pending since long time. Even in such a kind of scenario, the property prices are increasing. According to the recent research by Liases Foras, an average apartment in Mumbai costs Rs 2.60 crore. When compared to year 2011, the property [...] Continue Reading »
Recently a four BHK flat was sold at a price of Rs 29 crore at an exclusive complex of 175 apartments and 10 bungalows at Cuffe Parade. People are opting for ultra-premium apartments in Mumbai because of the exclusive services that comes with the deals. While the affordable and mid-range segments of residential space are [...] Continue Reading »
Now, it’s time for the suburb areas to shine high provided with best of best variety in concern with properties in India. To prove the same, Badlapur is one such suburb area under Mumbai Metropolitan Region (MMR) is growing in a rapid pace. The Badlapur is about 15 kms away from Kalyan in Mumbai city [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) said that the state government is not helping the builders for constructing affordable housing. The government has not amended the constructing rule for the construction of affordable houses in Mumbai. The approval process is still taking long time which leads to increasing cost of construction. The government officials are [...] Continue Reading »
