Affordable Housing
In the last six months the property sales have been very low in Mumbai and lesser project launches as compare to this time last year which indicates a half yearly report by the real estate research firm PropTiger. Although the figures look bleak the reports suggest that in fact it is a good time for [...] Continue Reading »
Over the span of the next one year, the Mahindra Group is planning to make a strategic investment in the affordable housing arena. According to an announcement made recently by Mahindra Lifespace Developers (MLDL), an investment of Rs 350 crore will be made by the company in the affordable housing space in the coming year. [...] Continue Reading »
Sriram S Mahadevan who is the Business Head of Mahindra Lifespace Developers compares affordable homes to products carrying maximum retail price or MRP labels. Any rise in the price which is above Rs 20 lakh or Rs 2400-Rs 2600 per sq ft would have the target clientele rejecting the product he said. With 1.5 million [...] Continue Reading »
The cash less real estate sector which has been facing problem to raise funds for the past couple of years have started to remove the fresh investor interest. The Private equity (PE) investment in the sector is being expected to be the Rs 10,000-15,000 crore in FY15. Interest in the realty sector had dropped significantly [...] Continue Reading »
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »
On Tuesday, the Reserve Bank of India (RBI) clarified the issues regarding ‘affordable housing’; with the apparent objective of giving the affordable housing segment a notable boost. According to the RBI’s clarifications, ‘affordable housing’ loans will comprise home loans which will be given by banks from the proceeds of long-term bonds of a maturity period [...] Continue Reading »
India Inc. is waiting for the maiden budget of the Modi Government to be presented on July 10, with a bated breath. The realty sector which is reeling under the pressure of debt and sluggish demands is waiting for the some of their long-awaited demands to come to reality and give a turnaround to the sector. [...] Continue Reading »
Narendra Modi promised the “Acchhe Din Aane Wale Hai” and his bastion now promises to leave no stone unturned to make the nation happy. In a recent goal calling, led out by the NDA government, Team Modi has placed a nationwide promise of sorts to help everyone have a roof over their heads, affordable and [...] Continue Reading »
Modi government is determined to provide housing for all by India’s 75th independence day and the market experts are geared up to help Modi in this agenda. Housing especially for the poor has always been a priority for the National Democratic Alliance (NDA) government. In its previous term lead by the then P.M Shri Atal [...] Continue Reading »
Recently, a survey was conducted in over nine cities, covering 1,400 respondents. As reported by Mint, two things stood out prominently in the survey. One was that people were extremely eager to see the kind of changes the new government will introduce and how it will impact real estate. And the second point was that [...] Continue Reading »
