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  • HDFC raises Rs 8,700 crore as 'social loan' to finance affordable housing segment Aug 05, 2022 03:28 PM IST

    HDFC raises Rs 8,700 crore as 'social loan' to finance affordable housing segment

    The country’s largest mortgage lender by asset size said it has raised the amount by way of external commercial borrowings (ECBs).

  • Homebuyers welcome Maharashtra govt’s decision to extend PMAY scheme May 24, 2022 01:19 PM IST

    Homebuyers welcome Maharashtra govt’s decision to extend PMAY scheme

    Real estate developers say that in a city like Mumbai constructing affordable homes is a challenge as the cost of land is high

  • Unsold affordable housing stock declines 21% in two years as supply shrinks Apr 19, 2022 01:14 PM IST

    Unsold affordable housing stock declines 21% in two years as supply shrinks

    Unsold affordable houses in the top seven cities declined from 2,34,600 units in the first quarter of 2020 to 1,86,150 by the end of Q1 2022. Unsold ultra-luxury homes declined 5 percent during the period on rising demand

  • Over 40% of total housing sales in affordable price range of Rs 45 lakh, says report Mar 15, 2022 03:13 PM IST

    Over 40% of total housing sales in affordable price range of Rs 45 lakh, says report

    Under Section 80EEA of the income tax law, first-time homebuyers receive an additional tax deduction of Rs 1.50 lakh if the unit is worth up-to Rs 45 lakh.

  • Budget 2022 | Real estate sector welcomes Rs 48,000 crore allocation for affordable housing; homebuyers disappointed Feb 01, 2022 09:03 PM IST

    Budget 2022 | Real estate sector welcomes Rs 48,000 crore allocation for affordable housing; homebuyers disappointed

    Budget 2022 | Homebuyers expressed unhappiness over the absence of any additional tax deduction on interest paid on home loans or relief for buyers stuck with incomplete projects.

  • Affordable Housing | India on top for first-time homebuyers, South Korea among last three Dec 03, 2021 04:49 PM IST

    Affordable Housing | India on top for first-time homebuyers, South Korea among last three

    Countries where the property ladder is least accessible include Luxembourg, Switzerland and South Korea

  • Affordable housing promises about $1 trillion worth of investment opportunities in five years: Knight Frank Nov 22, 2021 03:30 PM IST

    Affordable housing promises about $1 trillion worth of investment opportunities in five years: Knight Frank

    Only 17% of PE investment in the residential segment allocated to affordable housing since 2011. Ministry of Housing and Urban Affairs pegs affordable housing demand at approximately 11.22 million houses by 2022.

  • Eldeco Group, HDFC Capital set up Rs 150 crore affordable housing platform Aug 24, 2021 03:23 PM IST

    Eldeco Group, HDFC Capital set up Rs 150 crore affordable housing platform

    Two projects have been identified in Panipat and Faridabad with a combined saleable area of approximately 1.5 million sq ft and sales revenue of approximately Rs 500 crore.

  • COVID-19 takes toll, affordable housing supply share reduced to 20% in top 7 cities Jul 01, 2021 01:57 PM IST

    COVID-19 takes toll, affordable housing supply share reduced to 20% in top 7 cities

    The slowing of new launches may have something to do with the piling up of unsold houses. Of the 6.54 lakh unsold units in the top 7 cities in the June quarter, the affordable segment had the highest share at 33 percent, Anarock report says .

  • Almost half of housing sales in January-March 2021 contributed by affordable housing segment: Report Apr 30, 2021 03:20 PM IST

    Almost half of housing sales in January-March 2021 contributed by affordable housing segment: Report

    Weighted average prices for new launched projects in a majority of India’s top cities remained muted in the past few quarters, with prices appreciating marginally in the range of 1–3 percent annually, the PropTiger report said

  • Migsun Group to  invest Rs 4,500 crore to finish 5-7 stuck projects in Greater Noida Mar 17, 2021 03:05 PM IST

    Migsun Group to invest Rs 4,500 crore to finish 5-7 stuck projects in Greater Noida

    NCR-based real estate company Migsun Group will develop these projects under the joint venture and development management agreement model

  • Budget 2021: Revival in real estate growth through affordable housing sector Feb 02, 2021 12:40 PM IST

    Budget 2021: Revival in real estate growth through affordable housing sector

    From a REIT perspective, it was expected that the holding period for qualifying as long-term capital gains would have been reduced to 12 months but the same did not happen.

  • Should you invest in a plot rather than an apartment during the pandemic? Nov 04, 2020 10:10 AM IST

    Should you invest in a plot rather than an apartment during the pandemic?

    Four floors with 12 bedrooms and large-sized living rooms on a single plot for Rs 2 crore offers a better investment proposition than a similarly priced apartment in a high-rise for which a buyer may have to wait longer for the project to get completed

  • Lodha Group sells 2,500 affordable housing units within a year Oct 01, 2020 08:25 PM IST

    Lodha Group sells 2,500 affordable housing units within a year

    The company’s CROWN brand has accumulated a combined revenue of nearly Rs 240 crore.

  • COVID-19 impact: Weak property demand to cause over 15% dip in cement consumption Sep 16, 2020 05:41 PM IST

    COVID-19 impact: Weak property demand to cause over 15% dip in cement consumption

    Fitch expects luxury real estate to see the greatest price moderation but limited price moderation in affordable housing, given the segment’s better demand dynamics and thinner profit margins

  • This affordable housing project in Mumbai's Kalyan has sold 1,000 units amid lockdown Aug 27, 2020 01:15 PM IST

    This affordable housing project in Mumbai's Kalyan has sold 1,000 units amid lockdown

    Nearly 80 percent inventory in Mahindra Happinest Kalyan project has been sold in nine months despite COVID-19

  • Demand of single/double-storied flats much more in small cities than top metros Aug 21, 2020 02:50 PM IST

    Demand of single/double-storied flats much more in small cities than top metros

    This is because flats are an affordable housing option and a key component in the supply of rental housing in smaller towns, a report has said

  • Cabinet approves development of affordable rental housing complexes for urban migrants Jul 08, 2020 05:51 PM IST

    Cabinet approves development of affordable rental housing complexes for urban migrants

    An expenditure of Rs 600 crore is estimated in the form of technology innovation grant, which will be released for projects using identified innovative technologies for construction

  • Coronavirus impact | KPMG pegs loss in real estate sector at Rs 1 trillion by FY21-end May 19, 2020 05:24 PM IST

    Coronavirus impact | KPMG pegs loss in real estate sector at Rs 1 trillion by FY21-end

    On the residential real estate market front, the credit crunch is expected to result in a contraction in residential sales across top seven cities to 2.8 lakh-3 lakh units in 2020-21 from 4 lakh units in 2019-20

  • Coronavirus impact: Affordable housing segment to be worst hit Apr 08, 2020 05:16 PM IST

    Coronavirus impact: Affordable housing segment to be worst hit

    Budget-conscious homebuyers will feel the maximum heat of COVID-19; limited income and unemployment fears may cause many to defer purchase decisions in 2020

  • Maharashtra slashes stamp duty on properties by 1% Mar 06, 2020 06:01 PM IST

    Maharashtra slashes stamp duty on properties by 1%

    Real estate experts welcome the move, saying it would provide relief to homebuyers looking for affordable properties.

  • Residential units worth less than Rs 1 crore see maximum traction: Report Feb 25, 2020 05:43 PM IST

    Residential units worth less than Rs 1 crore see maximum traction: Report

    Existing phases or new launches are being reconfigured or designed with a focus on lower unit prices, the ICRA report said.

  • Maximum housing sales and launches in sub Rs 50-lakh segment: Report Feb 13, 2020 02:40 PM IST

    Maximum housing sales and launches in sub Rs 50-lakh segment: Report

    The current unsold residential stock across 35 cities stood at over 13 lakh units; Maximum growth in sales in Faridabad and maximum reduction in Greater Noida

  • Budget 2020 has no bearing on real estate, focus continues on infrastructure, say experts Feb 01, 2020 06:18 PM IST

    Budget 2020 has no bearing on real estate, focus continues on infrastructure, say experts

    Real estate developers disappointed with the Budget, say it failed to address liquidity concerns and did not provide any major incentives to boost sluggish sales.

  • Economic Survey 2020: Housing prices remained elevated, builders must be willing to take ‘hair cut’ Jan 31, 2020 02:28 PM IST

    Economic Survey 2020: Housing prices remained elevated, builders must be willing to take ‘hair cut’

    Higher investment in housing by households may increase the fixed investment in the economy, it says

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