Affordable Housing
In a massive housing programme launched for the economically weaker section (EWS), BPL and other categories, the Haryana Housing Board has launched construction of 50,000 affordable houses for over the next two years. Construction of about 30,000 houses has already started. The total cost of the project is being estimated to be over Rs 2,250 [...] Continue Reading »
Over the years, real estate has grown vastly in the prime cities of India such as Mumbai, Delhi-NCR, Chennai, Bangalore and Kolkata. The leading cities witnessed rapid growth with the wide-spreading industrialisation attracting massive population. After the tier-1 cities, now it’s time for the tier-2 and tier-3 cities to see significant pressures on their infrastructure [...] Continue Reading »
Affordable housing is meant for people belonging to low-income group to help them buy their own homes. Such projects offer the eligible first-time purchasers a chance to own newly constructed houses or apartments at lesser prices compared to the then market value. Leading developers like Tata Housing, Jaypee, Wave Infratech, etc. have experimented with affordable [...] Continue Reading »
The BMC recently has been the cause of much public despair and angst, for considering a proposal that would bring construction activity under the purview of local body tax (LBT). The recently introduced Local Body Tax (LBT) in Maharashtra empowers the local civil body to levy taxes on traders for importing goods into the city. [...] Continue Reading »
Mumbai: On a move to step up real estate sales, Reserve Bank of India (RBI) has cut Repo Rate for the third time since January by 25 basis points. However, the lowering of the Repo rate by 0.25 percent may no sooner be beneficial to home loan seekers as it is too small to have [...] Continue Reading »
Shekhar Reddy has been appointed as the new national president of Confederation of Real Estate Developers Associations of India (CREDAI). It represents 9,000 developers through 128 chapters in 20 states across the country. The CREDAI, Andhra Pradesh Chapter, congratulated Shekhar Reddy on his appointment as national president. He believes that Telangana is a non-issue for [...] Continue Reading »
Delhi-NCR: A total of 5.2 lakh residential units are under construction in Delhi-NCR of which around 1.4 lakh are lying unsold owing to weak demand, states a recent report by property consultant Knight Frank. Around 31 percent fall has been observed in the new home launches in NCR at 33,500 units during the second half [...] Continue Reading »
Gandhinagar: New housing policy has been drafted by the Gujarat government and is expected to be announced in a month’s time. According to sources, the government will simultaneously announce two sub-policies on slum rehabilitation and affordable housing in the cities. The state government has been planning to develop 22 lakh houses in the urban areas [...] Continue Reading »
NCR Projects Pvt Ltd has launched a new residential project NCR Olympia, which is located at Greater Noida West. The project is expected to be delivered in 2015 December. The project offers different variants of apartment housing. It offers 2 BHK apartments with a built up area between 995 sq ft and 1190 sq ft [...] Continue Reading »
Thane, a suburb in Mumbai city, is offering mid range houses. The property price in this area ranges from Rs 6,000 to Rs 10,000 per sq. ft. Thane is also known as the lake city and is well connected to Mumbai through the Ghodbunder Road and the Eastern and Western Expressways. Thane has excellent rail [...] Continue Reading »
