Low-cost housing
The Union Government’s Mission of Low-Cost Affordable Housing aims to support the construction of residential units for 7 crore families. For the actualization of the new scheme, the Government plans to make loans available at lower rates of interest. The Government is hopeful that the interest rates for realty developers will decline, due to the [...] Continue Reading »
Prime Minister Narendra Modi’s ambitious project is to provide housing to all by 2022. In order to seek expert opinion, Modi on Wednesday urged Singapore to help his government to provide low cost housing to all. Singapore’s minister for foreign and law K Shanmugamand Modi discussed on ways to expand cooperation in various areas, including good [...] Continue Reading »
If there was anything one could take away from BJP’s election manifesto, it was low-cost housing, thanks to the several mentions in the document. It has now become known that the government may likely grant low-cost housing the status of infrastructure to ensure increased development. An infrastructure status would enable real estate developers to avail [...] Continue Reading »
Mumbai: In order to control unauthorised constructions in the state, following the appalling building collapse in Mumbra, Thane, the state government has planned to appoint special officers at the municipal corporations. The Minister for State for Housing, Sachin Ahir, stated that the government has decided that an officer will be appointed for each ward who [...] Continue Reading »
Delhi: The recent CAG of India report criticized about the inability of the government in rise in cost and non-completion of infrastructure projects, particularly in providing low-cost housing. Many projects had been announced under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) to provide housing for the poor. Despite getting a year’s extension, most of [...] Continue Reading »
Tata Housing Development Company Limited, a renowned real estate company in India, has planned to develop 100 million sq ft of space in various cities across India by 2017. According to the Managing Director and Chief Executive Officer of Tata Housing, currently around 55-60 million sq ft is under various stages of planning and execution. [...] Continue Reading »
Delhi- One of the major reasons for acute shortfall of housing in Delhi is the lower floor area ratio (FAR) which does not allow high-rise apartments in Delhi. Thousands of high-rises with having 15 to 20 floors are found in Mumbai and National Capital Region (NCR), since the FAR value is high. But it is [...] Continue Reading »
With the upcoming Budget for the financial year 2013-14, Pune real estate has many hopes on it. The authorities in the finance ministry have already stepped onto the right path by taking steps to increase liquidity in the system by reducing the cash reserve ratio (CRR) as well as repo rates and bank lending rates [...] Continue Reading »
New Delhi- Real estate being beaten by decreasing demand owing to high interest rates and economic slowdown has demanded for infrastructure status for the housing sector in the Budget for 2013-14. If given the infrastructure status, the sector would gain of tax benefits and easier flow of funds. At least the affordable housing sector should [...] Continue Reading »
New Delhi- National Housing Bank (NHB) is planning to offer a special refinance scheme to mortgage lenders for loans to urban low-income housing groups to buy affordable houses. With this move, the housing finance regulator is likely to create a long-term market for fixed-rate housing loans and boost affordable housing. The new refinance scheme for [...] Continue Reading »
