low cost housing projects
Prime Minister Narendra Modi’s vision of “housing for all by 2022” may turn out to be a difficult mission to accomplish. The developers are not showing much interest in the low-cost housing projects citing regulatory hurdles, high land cost and low returns making such projects non attractive and difficult to maintain. Currently, there is a shortage [...] Continue Reading »
Finance Minister Arun Jaitley has given a much-required thrust to the real estate sector in Budget 2014, which includes a significant boost to low-cost and affordable housing. With sales in realty sector having been sluggish of late, the Budget brings noteworthy relief to the housing sector; with an allocation of Rs 4,000 crore for low-cost [...] Continue Reading »
The real-estate developers are demanding for an infrastructure status to the Low-cost housing so that they can enjoy the benefits of getting more finance from the banks and financial institutes for longer tenures. A senior government official stated that this will eventually increasing the supply of houses and will fulfill the dream of ‘’Housing for all’’ [...] Continue Reading »
Indian companies can access funds from abroad through External Commercial Borrowings (ECB) of different kinds. In general, ECB pertains to commercial loans in the form of bank loans, buyers’ credit, suppliers’ credit, securitized instruments (like floating rate notes and fixed rate bonds, non-convertible, optionally convertible or partially convertible preference shares) obtained from non-resident lenders with [...] 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 »
Gurgaon- With property prices increasing rapidly in Gurgaon, buying a property in the city has become extremely difficult for buyers of low-income group (LIG). Gurgaon has emerged as a favourite destination of many property investors and real estate developers. In order to support developers in building more and more affordable housing units, the government of [...] Continue Reading »
New Delhi- Real estate of India hopes to get infrastructure status for affordable housing sector in the upcoming Union Budget 2013-2014. From the past three years the real estate sector has been longing for industry status. The recent tax benefit on home loans provided by the Finance ministry has boosted the industry’s hope. The Budgets [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
Element Capital, a real estate-focused private equity firm is in the process of launching a billion-dollar fund. They are planning to invest the amount in low-income housing, as it looks to take advantage of a revive property market. According to fund manager, the Element value Housing Fund is expected to launch by this August, has [...] Continue Reading »
New Delhi- Housing and Urban Development Corporation Ltd (HUDCO) has planned to raise around Rs 5,000 crore. In this regard, the corporation will launch a public issue of tax-free bonds next month. The fund raised will be used for funding low-cost housing and urban infrastructure projects. Investments up to Rs 10 lakh falls under retail [...] Continue Reading »
