The Delhi Development Authority (DDA) has completed all the formalities for the launch of its housing scheme comprising 12,000 flats and the proposal has been sent to the Lieutenant Governor (LG) for his approval, R
The real estate fraternity and home buyers, have now started analysing the fine print of the announcements made in the Union Budget 2017-18. This budget has drawn a clear distinction, between the affordable housing R
While the real estate fraternity has largely welcomed the announcements in the Union Budget 2017-18, certain sections in this sector, apart from the affordable housing segment, as well as buyers, are still trying to R
Prime minister Narendra Modi, on the eve of new year, had announced an interest rate subsidy scheme on home loans. It is expected that this move, will provide a huge boost to the realty R
Total demand for urban housing is estimated at 4.2 million units for the period of 2016-2020, across the top eight cities, according to a report. Existing under-construction and planned supply of 1.0 million housing R
The chief minister said those eligible under the scheme must have an annual income up to Rs 3 lakh and for LIG household with an annual income between Rs 3 to 6 lakh. The beneficiaries should not own a pucca house either in his/her name or in the name of any member of his/her family in any part of the country.
Harshil Mehta of DHFL believes the guidelines may also get extended for middle income group (MIG) which costs around Rs 12-15 lakh in tier-2 and tier-3 cities.
Anuj Puri, Jones Lang LaSalle India, writes about the subdued demand for real estate in India in 2013 and how affordable homes and redevelopment will be the buzzword next year.
We expect the Union Budget to rationalise home loan interest rates so that more Indians can begin to realize their deferred plans of home ownership. Interest rates play a crucial role for many segments of this country's society and are a key consideration for the LIG segment.
The 50 basis points rate cut announced by RBI is a positive move and will provide impetus to the real estate sector.