Affordable Housing
External commercial borrowing is allowed for low cost affordable housing projects. This is the only positive gain real estate sector achieved from the budget. However the entire real estate is disappointed after the announcement of the budget. The realty sector still not get the industry status. FDI norms for the real estate kept unchanged. Hence [...] 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 »
For a better rental housing scheme in Mumbai, MMRDA chief wants the floor space index (FSI) to be little flexible. The developers can then work on a good rental housing scheme. Developers supporting rental scheme recommends for a better amendment in the approved FSI. According to the scheme, the state government had plans of building [...] Continue Reading »
Real estate experts have predicted a downward pressure to be faced especially in affordable and mid-income housing. Central bank has sent a notification to exclude stamp duty, documentation charges and registration charges in concern with ascertaining value of the property. With this kind of notification the property buyers are sure to delay their decision of [...] Continue Reading »
Property sales has witnessed a quiet all time low in the couple of years. Yet in this scenario, affordable homes also did not do any magic on the buyers’ buying spree. Hike in property prices and higher interest rates can not be blamed alone. There are other reasons like difference in buyer preferences or high [...] Continue Reading »
Whatever is the present realty scenario in Indian realty, the crave for affordable housing has not stopped yet! In a highly populated country like India, to make affordable housing dream come true, there are many barriers that is to be cleared. Shortage of land in urban spaces and low accessibility of house finance are considered [...] Continue Reading »
Affordable Home is looking no more affordable. It is surprising to know that 44% of the housing units having the price tag of less than Rs. 35 lakh are lying unsold in 7 main Urban areas of India – Delhi-NCR, Mumbai, Pune, Bangalore, Hyderabad, Kolkata and Chennai. What comes first to the mind is over [...] Continue Reading »
The plots at Ghansoli Mumbai recently was sold for reasonable rates wherein, City and Industrial Development Corporation (Cidco) failed to fetch these lands a good deal! However, Cidco officials say that corporation had opened bids for Ghansoli plots wherein six plots earned around Rs112 crore. The continuous slow down in realty market resulted in these [...] Continue Reading »
Chennai, today is a shelter for both affordable and luxury housing! Add on to this a 1,500-acre integrated township will soon take its phase in the city. The Tamil Nadu government has signed a memorandum of understanding (MoU) with Japanese consortium and real estate developer Ascendas to launch this township. The township will be come [...] Continue Reading »
Sarjapur Road is soon going to have a a project which believes in quality living for its residents. Mana Constructions was established in the year 2000 by D. Kishore Reddy with the main intention of providing affordable quality houses the people thinking of resettling in Bangalore. It was later after gaining many accolades, it was [...] Continue Reading »
