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Low-income group

US$2 trillion of investments needed to meet the housing needs for the urban poor

US$2 trillion of investments needed to meet the housing needs for the urban poor
KPMG released a report at a real estate-banking conclave organized by the National Real Estate Development Council (NAREDCO) in Mumbai on Wednesday. It came up with some data which might work as an eye opener to the current government. A fifth of the urban and rural households have very limited access to housing facilities, potable [...] Continue Reading »

Ahmedabad: AMC to construct 10,000 EWS and LIG houses after first draw

Ahmedabad: AMC to construct 10,000 EWS and LIG houses after first draw
Ahmedabad Municipal Corporation (AMC) has revealed in a recent announcement that it has plans underway to construct 10,000 houses for economically weaker sections (EWS) and Low Income Group (LIG) categories in the city, after the first draw. Similar to the other bids for housing in the city, the 10,000 housing units for EWS and LIG [...] Continue Reading »

Housing shortage can’t be addressed alone by higher floor space index

Housing shortage can’t be addressed alone by higher floor space index
Real estate consultant KJ Singh said, “The mess that the real estate sector is in today will become worse if FSI is increased as the builder lobby has been asking for a higher FSI.” On a certain plot FSI is the total covered area on all floors of all buildings divided by the area of [...] Continue Reading »

Over 5,000 DDA flats unallotted

Over 5,000 DDA flats unallotted
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 »

Affordable homes by GHB; no more affordable

Affordable homes by GHB; no more affordable
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 »

TN government focuses on affordable housing

TN government focuses on affordable housing
Seeing the housing needs of lowing income group and economically weaker section of society, the Tamil Nadu government has declared plans to increase housing supply in these segments. The plans include  wide range of urban and rural infrastructure moves which will enhance the housing supply. The Tamil Nadu Housing Board (TNHB) announced to develop over [...] Continue Reading »

Haryana govt pushes affordable housing in Gurgaon

Haryana govt pushes affordable housing in Gurgaon
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 »

Property tax may increase in Chandigarh

Property tax may increase in Chandigarh
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 »

Small plots can be merged together, recommends review panel

Small plots can be merged together, recommends review panel
Delhi- An advisory committee reviewing land laws in Delhi has planned to allow the owners of small plots to merge land and make it a bigger space. The advisory panel on mid-term review of the Delhi Master Plan 2021 (MPD-2021) has recommended that only the plots with an area up to 64 square meters are [...] Continue Reading »

House tax calculations proposed in Chandigarh

House tax calculations proposed in Chandigarh
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 »



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