Affordable Housing
Currently, studio apartments are in high demand in both metros and tier II cities. According to the CEO, Jones Lang LaSalle India, studio apartments are usually the first ones to be sold out in a residential project. Studio apartments are generally the most cost effective residential options for people who prefer to own rather than [...] Continue Reading »
Lucknow: In order to encourage mixed land use in the draft prepared for state urban housing and habitat policy 2013, the housing and urban planning department has recommended multi-centered pattern of urban growth along highways. Land pooling scheme is also suggested in case of compact area selected in consultation with landowners for urban development. Considering [...] Continue Reading »
Delhi- In order to promote low-cost housing projects, the government is planning to allow foreign direct investment (FDI) in such projects, subject to a host of conditions, including a lock-in period and minimum capital requirements. At present, FDI is banned in the real estate business but 100 percent FDIis allowed in the construction development projects [...] Continue Reading »
Confederation of Real Estate Developers Associations of India (CREDAI), which represents the organised real estate developers and builders across the country is planning to aim towards affordable housing, green buildings, water harvesting and skill development among construction workers. In this regard, the realtor body has asked the government to expedite the project approval process. CREDAI [...] Continue Reading »
In the coming financial year (FY), retail sector is going to see a revived activity. Provided the actual economic developments and also the latest Union budget proposals, an economic revival is usually estimated from the second half of 2013, which in turn will increase the growth of real estate sector as well. Together with a [...] Continue Reading »
With the growing urbanization and the need for affordable housing in the country, Union Minister for Housing and Poverty Alleviation feels that the developers can manage the situation. The challenges of these two factors are growing in the metro cities of India, but he feels developers can handle the challenges. Approximately 50% of the population [...] Continue Reading »
A day after the budget, the industry estimated the sale of affordable homes could increase up to 20 percent this year because of the additional exemption granted to the first time buyers. This benefit is for property which doesn’t exceed Rs 40 lakh. In the Budget it is said that, in 2013- 2014, the first time buyers, [...] Continue Reading »
Luxury homes are going to cost more after the finance minister reduced the abatement on service tax availed by real estate developers for homes and flats above 2,000 sq ft or costing Rs 1 crore and above to 70% from 75%. The impact will be expanded in Mumbai for all the home buyers of under-construction [...] Continue Reading »
Real estate developers are more interested to launch luxury residential projects than building affordable housing due to the increased cost of construction. Real estate biggies like Oxame, Tata Housing, Supertech, DLF and Unitech had initially planned to come up with affordable housing to lure home buyers, but are now planning to make some changes in [...] Continue Reading »
Delhi- Delhi is likely to grow vertically with a proposal made by an advisory committee saying that buildings in Delhi to be allowed to go up 2.5 metres higher than the existing limit of 15metres. During the mid-term review of the Master Plan, an advisory committee has recommended that buildings that have a provision of [...] Continue Reading »
