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  • Venkaiah Naidu launches DDA housing scheme 2017; 12,000 houses on offer Jun 30, 2017 07:13 PM IST

    Venkaiah Naidu launches DDA housing scheme 2017; 12,000 houses on offer

    Five-year lock-in period removed; over 99 percent houses eligible for interest subsidy under PMAY urban.

  • Uttar Pradesh to get 70,784 affordable houses for urban poor under PMAY Jun 22, 2017 02:00 PM IST

    Uttar Pradesh to get 70,784 affordable houses for urban poor under PMAY

    The Ministry of Housing and Urban Poverty Alleviation (HUPA) has approved construction of 70,784 affordable houses for the benefit of urban poor in Uttar Pradesh under the Pradhan Mantri Awas Yojana.

  • Looking for a good property deal? Buy a home with extra ‘half bedroom’ Jun 07, 2017 02:29 PM IST

    Looking for a good property deal? Buy a home with extra ‘half bedroom’

    Finding it hard to purchase a house that suits your budget? A ‘half more’ apartment could be the solution for you.

  • Your affordable home could well be built on govt’s unused salt pan or tea estate May 30, 2017 01:41 PM IST

    Your affordable home could well be built on govt’s unused salt pan or tea estate

    With Prime Minister Narendra Modi's office recently asking all government departments to identify unutilised land, developers are hoping that such land will soon be made available to them

  • SBI‘s reduction in home loan rates by 0.25%: Will it really help home buyers? May 09, 2017 05:00 PM IST

    SBI‘s reduction in home loan rates by 0.25%: Will it really help home buyers?

    To whom are these reduced rates applicable The reduction in State Bank of India‘s (SBI‘s) rates, is not as widely applicable, as is made out to be. It is not that the home loans &#82

  • Haryana receives 9 lakh applications for PMAY houses Apr 28, 2017 07:00 PM IST

    Haryana receives 9 lakh applications for PMAY houses

    Urban Development, Housing and Urban Poverty Alleviation minister, M Venkaiah Naidu, on April 28, 2017, revealed that so far, a total online demand of 8.97 lakh houses had been received under the Pradhan Mantri &#82

  • PMO wants participation of private developers to achieve ‘Housing for All‘ Apr 10, 2017 01:00 PM IST

    PMO wants participation of private developers to achieve ‘Housing for All‘

    The Prime Minister’s Office (PMO), recently held meetings to discuss deliberations around undertaking projects in the PPP mode, to boost the supply of low-cost houses. This development comes in the backdrop of the thrust &#82

  • Don’t defer buying a home as prices are unlikely to go down: CREDAI President Apr 04, 2017 01:13 PM IST

    Don’t defer buying a home as prices are unlikely to go down: CREDAI President

    Low home loan rates have improved affordability for most income groups and have made purchase of property viable. Demand-supply mismatch is also likely to push real estate prices higher. To wait further will be a fallacy on the part of home-buyers, Getamber Anand, President, Confederation of Real Estate Developers’ Association of India (Credai) said in an interview to Moneycontrol.

  • Affordable housing to be growth driver for housing finance market Mar 23, 2017 04:00 PM IST

    Affordable housing to be growth driver for housing finance market

    Domestic rating agency ICRA, on March 22, 2017, said that the affordable housing segment is likely to grow over 30% over the medium term and will be the key growth driver for the mortgage &#82

  • EMIs on home loans to shrink if your city or town falls under PMAY Mar 23, 2017 01:11 PM IST

    EMIs on home loans to shrink if your city or town falls under PMAY

    The monthly home loan installment (EMIs) will soon come down by almost Rs 2000 if your first home falls in a city or town under the Pradhan Mantri Awas Yojana (PMAY) and if you fall in the income bracket of Rs 12-18 lakh.

  • Centre approves 1.10 lakh more houses in 6 states under PMAY Mar 22, 2017 02:00 PM IST

    Centre approves 1.10 lakh more houses in 6 states under PMAY

    The centre, on March 21, 2017, approved the construction of over 1.10 lakh houses for the urban poor, in six states at a cost of Rs 5,773 crores under the Pradhan Mantri Awas Yojana &#82

  • Parliamentary panel demands probe into cases of fraud in PMAY Mar 20, 2017 05:00 PM IST

    Parliamentary panel demands probe into cases of fraud in PMAY

    A parliamentary panel has asked the Housing and Urban Poverty Alleviation (HUPA) Ministry to immediately get a thorough probe done into the cases of fraud being committed by unscrupulous elements, in the name of &#82

  • Sebi eases norms for debt MF investment in housing finance cos Feb 22, 2017 09:22 PM IST

    Sebi eases norms for debt MF investment in housing finance cos

    Debt mutual funds can now invest up to 15 percent of their total net assets in housing finance companies with Sebi easing the regulations in this regard.

  • Budget 2017: Expectations vs actual announcements for real estate Feb 02, 2017 08:00 PM IST

    Budget 2017: Expectations vs actual announcements for real estate

    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 &#82

  • Experts hail infrastructure status to affordable housing Feb 01, 2017 07:00 PM IST

    Experts hail infrastructure status to affordable housing

    The real estate sector has largely welcomed the various measures that finance minister Arun Jaitley announced in his Union Budget 2017-18 presentation on February 1, 2017. “We must appreciate the fact that the government &#82

  • Budget 2017: Reforms that the realty sector needs the most Jan 30, 2017 08:00 AM IST

    Budget 2017: Reforms that the realty sector needs the most

    As budget 2017 closes in, the real estate market is ready with its list of demands from the finance minister. Of these, some demands have a good chance of being addressed in the upcoming &#82

  • Government approves 3% interest subsidy on homes loans upto Rs 2 lakhs Jan 24, 2017 05:00 PM IST

    Government approves 3% interest subsidy on homes loans upto Rs 2 lakhs

    Close on the heels of the prime minister‘s new year‘s eve address to the nation, where he announced an interest subsidy scheme, the central government on January 24, 2017, has cleared another similar scheme, &#82

  • Budget 2017: 3 key hopes of the realty market Jan 23, 2017 08:00 AM IST

    Budget 2017: 3 key hopes of the realty market

    1. More clarity on REITs Easing the guidelines for real estate investment trusts (REITs), will open the way for the realty sector to get easy funding and ensure timely completion of projects, say developers. &#82

  • TN, WB and Kerala to get 78,500 more homes, under Pradhan Mantri Awas Yojana Jan 19, 2017 02:00 PM IST

    TN, WB and Kerala to get 78,500 more homes, under Pradhan Mantri Awas Yojana

    The ministry of Housing and Urban Poverty Alleviation (HUPA), on January 18, 2017, has approved the construction of 78,703 additional affordable houses for the Economically Weaker Sections (EWS) in the states of Tamil Nadu, &#82

  • Budget 2017: Govt finalising scheme to drive affordable housing, say srcs Jan 10, 2017 01:55 PM IST

    Budget 2017: Govt finalising scheme to drive affordable housing, say srcs

    The government already gives 6.5 percent interest subvention to people with Rs 6 lakh per year income. The interest subvention is also given for loans upto Rs 6 lkah under the PMAY.

  • Govt nod for building of 80K houses for poor in 7 states Feb 18, 2016 06:52 PM IST

    Govt nod for building of 80K houses for poor in 7 states

    The Ministry of Housing and Urban Poverty Alleviation said a total central assistance of Rs 1,226 crore -- at the rate of Rs 1.50 lakh for each house -- will be provided under the Prime Minister's Awas Yojana (Urban) with the overall cost of the project estimated to be Rs 4,076 crore.

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