low cost housing units
With apartment sale in luxury and middle class segment on a decline, budget housing is the new innovation in the property market. Majority of the builders are now focusing on developing housing units in under 20 lakh price range. A new Innovation Given the decline in interest among luxury customers, builders are now focusing on [...] Continue Reading »
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 »
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 »
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 »
For a better rental housing scheme in Mumbai, MMRDA chief wants the floor space index (FSI) to be little flexible. The developers can then work on a good rental housing scheme. Developers supporting rental scheme recommends for a better amendment in the approved FSI. According to the scheme, the state government had plans of building [...] Continue Reading »
