Council to consider changes after Lok Sabha elections. Some states such as Maharashtra, Delhi and Gujarat wanted the price cap to be raised from Rs 45 lakhs, given property were costlier in these regions
Homebuyers ought to be wary of developers who may try and increase the base price for non-affordable housing units to make good the loss on account of input tax credit being denied to them
The Finance Minister said the Government was trying to reduce GST burden on homebuyers, but the jury is still out on what the GoM may come up with as its recommendations.
Given the high growth potential, experienced management along with a well-capitalised balance sheet, Aavas is well poised for the next leg of growth
Both funds are targeting closure in the second half of next financial year (2019-20). SME Fund will be broad-based fund covering manufacturing and services sector.
The Excluded Part (EP) of Mumbai’s new development control regulations (DCR 2034) was to come into force from October 24.
No offer received from Piramal Group to raise Rs 1,000 crore to start construction of unfinished projects of Amrapali Group, NBCC CMD said
With diversified funding mix and positive asset liability gap, Aavas Financiers is relatively well placed in current environment of heightened funding concerns.
We see a challenging time ahead for housing finance companies, amid rising rates and competition, and remain extremely selective; Buy HDFC and Indiabulls Housing Finance
The total number of houses being funded under PMAY now touches 55 lakh across the country
Developers are viewing this segment with renewed interest following a rise in demand
Most of them lack basic infrastructure support, have serious construction flaws and are not RERA compliant
Several challenges remain while implementing affordable housing projects, such as, vast land banks in urban areas which can be diverted towards affordable housing are locked up in litigation apart from infrastructure issues
Scarcity of land resources, high land and construction-related costs, unaffordable property prices, high inventory levels and declining demand are forcing developers and investors to shift their focus towards Tier II and III cities
Positive leasing market with global occupier demand has sustained investors’ interest in the commercial real estate sector
Despite weak performance in housing finance subsidiary, expected buoyancy in the capital markets along with growth in the fee-based businesses should support MOFS’ future earnings.
The country's rankings likely to improve further on the back of RERA, policies for land title insurance and strengthening of Benami Transactions Act and the sector aligning itself with the GST regime
Maharashtra has been sanctioned over 2 lakh units followed by Rajasthan (31,304) and Tamil Nadu (23, 564).
Positive reforms in affordable housing impact prospects of the real estate sector
Considering that value of houses in these cities are far lower than in the metros, large-sized units may witness some amount of demand from the home buyers belonging to the middle income group
Experts had said all along that for the scheme to realise its potential, the limit set for the size of the apartments needs to be increased. This issue has now been addressed.
Besides affordable housing; co-working and warehousing spaces are expected to be major investment opportunities in the real estate market in India. Warehousing business is expected to attract over $ 5-6 billion from foreign investors over the next 2-3 years
The enhancement in housing loan limits would also lead to many more home buyers fall in the realm of affordability. It would also lead to many more developers looking at catering to this segment
The surplus land of these PSUs will be utilised for affordable housing.
During the last three years from 2015 to 2018 over 45 lakh dwelling units have been approved for construction.