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The present PMAY scheme and the faltering pace of affordable housing that fell short of its earlier targets has evoked a great deal of criticism
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Decline in share of affordable housing shows demand and supply contraction on the back of rising costs. Can the government still make 'Housing for All' a reality?
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Around 29.5 million houses are to be built in rural India under the Pradhan Mantri Awas Yojana (Gramin). The government is holding talks to speed up construction and meet the target by December 2023 ahead of the March 2024 deadline
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Shelter, besides food, is a necessity guaranteed by our Constitution. Even after 75 years of Independence, this goal still eludes us.
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Given the threshold requirement of incentives and capital for backward integration and competition from global majors, investors should focus on sector/segment leaders with strong balance sheets to play the housing theme
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The court on its own impleaded the Union housing and finance ministries as party respondents. It has directed them to answer a series of questions including as to how many families have basic amenity of housing in India as well as in Tamil Nadu, population and housing ratio in the country and in the state, when 'Housing for All' mission of the central government would be achieved.
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The government’s focus on Housing for All makes it a worthy bet
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LIXIL is targeting 15 lakh consumers by 2021; says it considers affordable housing a huge opportunity
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Land and urban development are state subjects and a new central law, once enacted, will be relevant only to the extent states decide to pass their own new laws on the subject in the light of the new central law.
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Its provisions, once implemented by states and Union Territories, could reduce reluctance to rent and enhance the supply of rental homes making productive use of vacant houses
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Rapid urbanisation is an opportunity rather than a challenge, Sitharaman said.
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To service expansion plans, a 25 percent jump is expected in allocation for the Metro
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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
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While the government charges 8% GST for houses up to 60 sqm, stamp duties too should be reduced or eliminated to make houses affordable
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But will the subsidy be useful for the common man? Watch the accompanying video for the answer..
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Long-term financing at lower rates will reduce costs of construction for developers allowing them to pass on benefits to consumers
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The commitment to have Housing for All by 2022 is ambitious, but not impossible. Main challenge is shortage of land across Indian cities. Easing building density restrictions is another way to ease pressure immediately
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The Tribunal said that the notification though claims to serve the social cause of providing housing for the poor but, in fact, the result of its enforcement would be contrary.
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While there are 60,000 projects ongoing in the state through 3 other verticals, the government has so far failed in attracting the interest of private developers.
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To encourage the millennials to invest in real estate, the Pradhan Mantri Awas Yojana (urban) Housing for All Mission guidelines have been amended to include any adult earning member irrespective of his marital status as a separate householder who does not own a pucca house.
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The arrival of RERA has put paid to such underhanded activity, and only strong developers in the formal housing sector will prevail even in the affordable segment
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To promote Housing for All by 2022, the government has decided to simply the process of procuring an environment clearance by notifying that all projects greater than 5000 sq m but less than 20,000 sq m can now go in for a self declaration that they are following green norms.
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The Act seeks to bring over 80,000 registered builders in India under its purview to ensure that there is a level-playing field between both stakeholders.
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While the overall talent demand was up by three per cent during April 2017, the real estate sector posted a seven per cent increase in talent demand and the construction sector saw a six R
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The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of ‘Housing for R
