LIG
The Delhi Development Authority (DDA) has been sitting on more than 5000 flats lying vacant in the city. Residents of Delhi may be waiting for Delhi Development Authority (DDA) to offer new flats, but there are about 5,970 flats lying vacant in the city. These vacant flats are in various categories, including high income group [...] Continue Reading »
The number of houses part of authority’s annual lottery of affordable houses has been decreasing in Mumbai. The apartments are nearly as costly as last year but are still at a discount the market price. The Maharashtra Housing and Area Development Authority (MHADA) will release at least 814 houses across various income categories this year. [...] Continue Reading »
Surat’s real estate developers are struggling hard to find buyers from the Higher Income Group (HIG) and Higher Middle Income Group (HMIG) as the inventory pile on. The state government on the other hand is focusing on housing schemes for urban poor. Figures of Surat Builders Association (SBA) show that as many as one lakh [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) which represents the organised real estate developers and builders across the country is seeking a reduction of mandatory provision of reservation of housing units from 15 percent to 5 percent of the total built up area for economically weaker section (EWS) quota. The joint secretary [...] Continue Reading »
Gujarat- The state eminent for its affordable housing will not offer cheap homes as per government plans. The Gujarat Housing Board (GHB) has not proposed cheap prices of apartments in major cities. The price of one bedroom apartment proposed by Gujarat Housing Board is around Rs 11 lakh. While a two bedroom apartment unit will [...] Continue Reading »
Gujarat- The real estate industry and the state government is all set to develop large number of affordable residential units in various regions of state. The state government has promised to initiate work for developing 120,000 homes for the poor and homeless people of the state for the year 2013-14. Government has allocated a total [...] Continue Reading »
Chandigarh- A revision of property tax rates in residential areas in Chandigarh will be performed by the committee of local bodies department. The Municipal corporation had imposed nominal property tax of Re 1 per square yard annually on residential properties having an area above 125 square yard. This amount paid will be restricted to Rs [...] Continue Reading »
Chandigarh- The monthly housing meeting of Chandigarh Municipal Corporation held on January 31, 2013 resulted in elaborated calculation to levy house tax in the city. It proposed imposition of tax as follows- a) For owners having house more 125 sq yd or five marlas or 1360 sq ft area are suppose to pay house tax [...] Continue Reading »
Integrated township has been witnessing a strong demand. The new home buyers are giving more preference for community living that offers a mix of amenities at the doorstep. The state government has implemented some reforms in the township policy to make townships more reasonable. The new policy has been approved by the Chief Minister and [...] Continue Reading »
Pune- The civic bodies are now able to get more funds intended for homes schemes for the weaker people. The Centre recommended to create a whole new fund scheme intended for low-income communities in order to purchase or construct house. The ministry of housing and urban poverty alleviation (HUPA) made a decision to up-date the [...] Continue Reading »
