Gurgaon-based firm Signature Global's target to launch 30,000 affordable housing units this year is on track
Housing and Urban Affairs Ministry Secretary Durga Shanker Mishra said a memoranda of agreement will be signed with states within a month
Archaic laws need to be overhauled to make returns on affordable rental housing projects attractive
With the pandemic induced moratorium now being extended till August 31, there could be some liquidity tightening if more borrowers were to opt for the moratorium now
The extension is expected to support first time middle-class homebuyers and stimulates housing demand and ancillary sectors.
Builders must focus on execution and completion of projects to tide over liquidity issues, real estate experts said
Reducing prices is the need of the hour
Naredco seeks a $200 billion package from the government to kick-start the economy. Affordable housing to make a comeback first; Property prices may fall by 10-15 per cent.
With retail activity coming to a halt, occupiers may be forced to renegotiate their agreements and rentals factoring in the impact of the crisis on their businesses, the COO of Colliers International told Moneycontrol.
The site has the potential to be developed for affordable housing and warehousing for e-commerce firms.
SWFs hold $29 billion of Assets Under Custody (AUC) as of December 2019
Of the total unsold stock consisting of 7.75 lakh units at the end of the calendar year 2019, close to 3.90 lakh units were in the affordable category, says a report
Homebuyers were hoping for immediate deployment of Rs 25,000 crore Alternative Investment Fund (AIF) and last-mile funding extended even for net-worth negative and non-RERA registered projects.
CLSS scheme has now been extended until March 31, 2022
The deadline for approval of projects also extended to March 31, 2021.
investment made under PMAY(U) not only provides pucca houses to the eligible families to achieve the goal of 'Housing for All' but also triggers multiplier effect on the overall economy
The government had initiated some measures to emancipate the real estate sector this year but a lot more needs to be done for boosting the ailing sector
Under the programme, housing finance companies, banks and home buyers will have access to competitive funding opportunities to finance green and affordable housing projects.
Affordable housing has been the lone bright spot in this doom and gloom and has contributed to both realty sales as well as to the AUM growth of banks and HFCs servicing this segment.
Many of the real estate sector’s problems are its own creation
Affordable housing will remain the dominant segment in the coming years with a total of 10 million PMAY (U) units to be delivered by 2020, the report says
Brand reliability, trustworthiness, timely delivery are other factors are considered by those purchasing an affordable house, says a RICS – Knight Frank report
Office space supply and transaction volume at an all-time high; Co-working spaces account for 15% of volume in first half of 2019
Interest deduction up to Rs 3.5 lakh for affordable housing (priced upto Rs 45 lakh) as against Rs 2 lakh earlier will now be available until March 31, 2020.