Housing sectors
A good news for the realty market as Kone Corporation, the world’s second largest elevator manufacturer is setting up a new facility adjacent to its existing Chennai unit exclusively for elevators. They are confident about the growth prospects for the domestic residential housing sector and believe that the real estate industry friendly new NaMo government [...] Continue Reading »
Indian Banks’ Association committee has recommended to the Finance Ministry that home loans up to Rs 35 lakh should get the priority sector tag. This will help banks to provide loans to house buyers at affordable interest rates. Also it will benefit a large group of customers in Tier II and Tier III towns. Moreover [...] 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 »
Everybody wants their share in Indian realty to do good! On one hand the developer feeds mafia and on the other hand the weaker sections wants their share too! With the prevalence of dull realty market, interference of all these concerns are ultimately pressuring the home or property buyers. If we take a look back, [...] Continue Reading »
The International Finance Corporation (IFC) for the first time in India has taken a giant step investing on affordable housing. The affordable housing will range from Rs 5 to 7 lakhs. International Finance Corporation experts say that they have a clear cut vision in supporting mass housing and truly affordable housing. These housing sectors will [...] Continue Reading »
The present real estate market scenario has been judged to be recording the lowest level in housing turnover when compared to past 40 years. A property analyst say that, year 2011 has till now witnessed around 840,000 sales in housing sectors which is recorded as a major drop down by 50 percent. According to the [...] Continue Reading »
The Reserve Bank of India (RBI) has planned to reduce the number of financial shares from resident and non-residents in India. This new set of financial norms is said to be released at the earliest and this will include investments made on housing and other such things. This plan will be approved by RBI only [...] Continue Reading »
