Affordable Housing
In a press release by the Government of India, The Ministry for Housing and Urban Poverty Alleviation department reported that to create a slum free India, Rajiv Awas Yojana has been launched. The housing scheme will provide financial assistance to States that are willing to assign property rights to slum dwellers and to provide basic [...] Continue Reading »
Real estate in Bhopal will get 70 new housing projects after withdrawal of the compulsion for houses for Lower Income Group (LIG) and Economically Weaker Sections (EWS). Two years before the management had abolished the shelter charges and it was made compulsory to have EWS and LIG plots flats in every project. After that the [...] Continue Reading »
The West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976. The proposed amendment will impose the reservation of 30 per cent apartments in big housing projects for the low-income group (LIG). Though the industrialists have been asking to withdraw the law, the ministry [...] Continue Reading »
The Haryana Housing Ministry has directed the concerned officers to ensure that the allotments of flats and homes, under the schemes of the Housing Board will be done to the eligible beneficiaries. The ministry has also declared that more than 1400 flats will be constructed under the affordable housing scheme in the year 2012-13. With [...] Continue Reading »
The state government of Haryana has planned to rename the scheme for construction and repair of houses of members belonging to Scheduled Caste. The new scheme name is proposed to be Baba Saheb Ambedkar Makan Yojna. To assist the families belonging to Scheduled Castes, Backward Classes and people living below poverty line, the government planned [...] Continue Reading »
It seems like government and Bruhat Bengaluru Mahanagara Palike (BBMP) are playing hide and seek with the Economically Weaker Section (EWS). The residents of Ejipura EWS population were promised to allot a plot inclusive of 1,640 houses that will be constructed on 15.64 acres. Its unbelievable that the plans are still paused even after a [...] Continue Reading »
The concept of providing a housing for more than 30,000 Economically Weaker Section (EWS)?families has finally come into action. Recently, Chief Minister D?V Sadananada Gowda inaugurated Economically Weaker Section (EWS)?quarters at Nandini Layout in Bangalore. All is not fine, indeed! Even after this launch, purchasing an affordable housing has turned situations of dream into a [...] Continue Reading »
A recent study made on real estate market of Kerala exposed the rising demand for affordable housing in the state. According to the study, apartments below 25 lakh are high in demand. The cost of luxurious apartments in Kochi, Thiruvananthapuram, Kozhikode and Thrissur are more than 25 lakh. Hence the demand for any apartments less [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to seek details of various approved projects and the amount of revenue earned by the state government. By this way the builders association want to show the government how much loss they are incurring due to different clearance policies. According to the builders [...] Continue Reading »
According to the Consortium of Real Estate Developers’ Associations of India (CREDAI), real estate properties in Bangalore will grow by 25% in the coming year. It is analyzed that the demand for commercial and office space is increasing while the sale of apartments in Bangalore is still low. As the value of rental properties are [...] Continue Reading »
