Economically Weaker Section (EWS)
Chennai- Sholinganallur, a residential area in the outskirts of Chennai, which had been witnessing significant commercial development is now developing in terms of residential real estate too. The huge workforce that has been coming up for catering fast developing commercial segment, has now been pushing residential segment in the area. Sholinganallur has observed around 12 [...] Continue Reading »
While the government of India forcing leading real estate developers to cater to the needs of buyers of economically weaker section (EWS) through developing affordable housing projects, the developers are concerned about the loss of incentives for being in the business of building affordable houses. Developers claim that there is no difference in the amount [...] Continue Reading »
Chennai- Perumbakkam, a suburban residential hub of South Chennai, has observed 8 percent increase in average property values in the last quarter. The area, offering a wide range of multi-storey apartments, is well connected to the IT hubs of OMR and Sholinganallur through the ECR Link Road. The rate per sqft of properties in Perumbakkam [...] Continue Reading »
Adarshnagar, which was a farmland two decades ago, has now developed into a good residential area with a total population of 22,000 with about 8,000 households. Owing to its connectivity to NH 5 on the Vizianagaram road and fast development, Adarshnagar, holds all the facilities of a posh township. It was earlier a rural area [...] Continue Reading »
Affordable housing has been an issue of concern for government and policymakers. There is a serious scarcity of homes for people who have an income of under Rs 10,000 per month or even less. 12th Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units and [...] Continue Reading »
West Bengal Urban Development Ministry announced that the State Government was planning to construct 33,000 houses for the economically weaker sections. The Urban Development Minister inaugurated Home Front 2012 – a real estate expo, organised by the Confederation of Real Estate Developers’ Association of India (Credai) and the announcement was made on the occasion. According [...] Continue Reading »
Statistics show that Public sector banks are facing the problem of high delinquencies in the home loan segment up to Rs 5 lakh. High interest rates and sticky inflation have hampered the ability of small borrowers to service home loans. Home loans in two slabs — up to Rs 2 lakh and Rs 2-5 lakh [...] Continue Reading »
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »
The approval of the Greater Noida master plan by the statutory body of NCR Planning Board is all set to push the real estate prices in the region amid indications from developers that they would go for a price revision once the draft gets approved by the board. New buyers may have to end up [...] 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 »
