Eligible allottees will be able to avail interest subsidy of Rs 1.40 lakh to Rs.2.67 lakh under the Credit-Linked Subsidy component of Pradhan Mantri Awas Yojana (Urban)
Hyderabad's housing market witnessed 2 per cent rise in capital values while rental moved up by 5 per cent.
New launches of homes fell by 53 per cent to 22,115 units in the second quarter of the current fiscal due to the implementation of new real estate law RERA, said the report by realty portal PropTiger.com.
Brick Eagle aims to raise Rs 500 crore for facilitating development of 50,000 homes for low-income families as well as generating good returns for its investors.
Till date, the government has sanctioned about 26 lakh houses, grounded 11 lakh units and completed three lakh units and the aim is to achieve the target of about constructing 1.2 lakh affordable homes by 2022
Uttar Pradesh gets the largest share in the pie (70,784) followed by Karnataka (56,281).
Black money component in real estate to come down drastically as construction material will have to be sourced from registered vendors to get input tax credit
Naidu, the minister for Urban Development and Housing & Urban Poverty Alleviation, said only fly-by-night operators and habitual tax evaders are opposing the Goods and Services Tax (GST).
Affordable housing finance, largely dealing in loan ticket size of up to Rs 15 lakh, will become a large segment for housing finance companies (HFCs) in the next five years, with its market share estimated to increase to around 37 per cent in FY2022, the rating agency said.
Total housing credit growth moderated to 16 percent in the financial year 2016-17 due to lack of new project launches as investors deferred their home purchase decisions
In an interview to CNBC-TV18, Ashok Tyagi, Group CFO of DLF spoke about the latest happenings in the company as well as the takeaways from the RBI policy yesterday in terms of home loans becoming more affordable.
EPFO has asked regional offices to establish contact with the state housing boards and urge them to allot unsold units to provident fund subscribers.
Financial Planners say withdrawing PF to finance life’s goals should be a well-considered move and the last among all financing options
Vasai-Virar is one of the few locations that have witnessed promising growth and consistent demand for housing, in the subdued atmosphere prevalent in the real estate market. According to experts, the property prices in R
Funds in EPFO can be used to buy units in non-governmental as well as governmental housing projects.
It is targeting to disburse up to Rs 10,000 crore under this in the current financial year, a senior Nabard official said.
Home loan interest rates have reduced significantly on the back of huge inflow of deposits in the banking system and creating a good atmosphere for end-users. Homebuyers can now purchase homes of their choice by making full cheque payment.
GST will not be charged on completed apartments or on rental income received by a landlord from a tenant for a residential unit. In case of commercial properties on rent, a service charge of 15% is currently levied as service tax. This will be replaced by GST.
Low home loan rates have improved affordability for most income groups and have made purchase of property viable. Demand-supply mismatch is also likely to push real estate prices higher. To wait further will be a fallacy on the part of home-buyers, Getamber Anand, President, Confederation of Real Estate Developers’ Association of India (Credai) said in an interview to Moneycontrol.
One of the key factors that generate interest from property investors in any given location or city, is job creation. An area in which several businesses are generating career opportunities for people, becomes a R
The monthly home loan installment (EMIs) will soon come down by almost Rs 2000 if your first home falls in a city or town under the Pradhan Mantri Awas Yojana (PMAY) and if you fall in the income bracket of Rs 12-18 lakh.
In a fillip to middle income families in search of their dream home, the ministry of housing & urban development has set the ball rolling on the credit-linked subsidy scheme or CLSS for middle-class families. 70 lending institutions and housing finance companies have been asked to operationalise the scheme.
Just like many of the State Budgets this year, Maharashtra's Budget 2017 does not add any new tax to the mix. But taking a leaf from the union budget, this budget focuses on 4 key areas: the state's economy, infrastructure, housing and agriculture. CNBC-TV18'S Yash Jain and Areeb Sherwani report on how industry is reacting to the Budget.
The government will amend EPF scheme to enable withdrawal of up to 90 percent of their fund to pay for home purchases.
NBCC has won Rs 250 crore order from the Mauritius government to build the new Supreme Court building. The company has been appointed as the project management consultant.