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Affordable housing

08 Nov 2019

Funding for stalled Affordable, Middle-Income Housing Projects; Details here

The Union Cabinet has recently approved a 'Special Window' fund to provide priority debt financing for the completion of stalled housing projects that come under the Affordable and Middle-Income Housing sector. For the purposes of the fund, the government will act as the sponsor and the total commitment to be infused by the government would be up to Rs 10,000 crore, according to an official statement.

Pradhan Mantri Awas Yojana

26 Jul 2019

Govt approves construction of 1.40 lakh more houses under PMAY

Under the approved houses, Uttar Pradesh has got 54,277 houses, West Bengal 26,585, Gujarat 26,183, Maharashtra 8,499, Assam 9,328, Chhattisgarh 6,507, Rajasthan 4,947 and Haryana got 3,808 houses

24 Feb 2019

GST on under-construction flats slashed to 5%; affordable housing to 1%

In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said.

Affordable housing

13 Feb 2019

Indian Railways to deliver affordable housing, to start work at select station

IRSDC, which is responsible for redevelopment of the railway station, will now construct affordable housing.

Asian Infrastructure Investment Bank

26 Jun 2018

AIIB keen on affordable housing investment, seeks govt support

Till now, the bank has invested USD 1.6 billion in seven projects in the country and has not taken any direct exposure in the affordable housing segment.

India real estate

22 Mar 2018

Chennai's residential real estate market worst-affected in 2017: Report

Chennai's residential real estate market was the worst-affected in 2017, with an annual decline in new launches of around 72 percent from 15,700 units in 2016 to 4,400 units in 2017.

India's property market

31 Dec 2017

Realty sector tested by critical reforms this year; hopes for better 2018

Real estate developers and consultants expect housing sales to improve, although gradually, as prices have become stable after much-needed correction in last few years and interest rates on home loans have softened.

17 Oct 2017

Housing demand remains subdued, affordable segment to drive future growth

To tap the investment sentiments associated with the festive season and counter the subdued markets, developers have started offering innovative marketing schemes aimed at increasing the sales of unsold properties.

05 Oct 2017

Housing sales fall 35% in 8 cities; supply dips 83%

Housing sales stood at 22,699 units during third quarter of 2017 in eight major cities as against 34,809 units in the previous quarter.

Interest subsidy on home loans

22 Sep 2017

Interest subsidy on housing loans for MIG extended to March 2019

Under CLSS, MIG beneficiaries with annual income of above Rs 6 lakh and up to Rs 12 lakh would get an interest subsidy of four per cent on a 20-year loan component of Rs 9 lakh.

21 Sep 2017

Govt extends low-cost home subsidy to units built on private land

Centre announced a new PPP policy to boost private investment in affordable housing.

Affordable housing

24 Aug 2017

Bring down land prices for affordable housing: Niti Aayog

Noting that high cost of land is a key constraint in rapid expansion of affordable housing, the Niti Aayog has pitched for steps to bring down land prices to give a push to the Centre's housing scheme.

Affordable housing

17 May 2017

'Affordable housing contributed over 50% to sales in Q3 FY17'

With the demand for affordable housing increasing, the segment witnessed a significant growth in fiscal 2017 and it contributed over 50 percent to the total sales during the October-December 2016 quarter, a recent survey revealed.

15 May 2017

Good news for home buyers! ICICI Bank cuts interest on housing loan by up to 0.3%

After State Bank of India (SBI) and LIC Housing Finance, ICICI Bank on Monday decided to cut home loan rate by up to 0.3 percent for loans up to Rs 30 lakh to promote affordable housing.

23 Apr 2017

Lodha to invest Rs 4300 crore in construction to boost deliveries

Realty major Lodha Developers will invest about Rs 4,300 crore this fiscal on construction to boost deliveries of housing units and also plans to launch 8-9 new projects in Mumbai, Pune and London.

Housing for All

10 Apr 2017

2.03 lakhs houses to be launched through affordable housing

real estate developers

08 Apr 2017

PMO discusses ways to involve realty companies in PM housing scheme

Ways to involve private real estate developers in the government's ambitious 'Housing-for- all by 2022' programme was on Saturday discussed at a meeting in the Prime Minister's Office with focus on removing the "bottlenecks".

01 Apr 2017

Read how income tax rules will change from today

Here we are listing some of the key changes in rules that will be effective from the new financial year 2017-18.

30 Mar 2017

Home loan interest too high for Indian buyers, study finds

There is significant demand for affordable housing amongst the younger age (25-44 years) in smaller towns than in metros and mini-metros.

19 Mar 2017

Supertech to invest Rs 4,000 crore to build affordable homes

Realty firm Supertech plans to invest about Rs 4,000 crore to develop low-cost homes as it expects demand for affordable housing to rise after getting infrastructure status in the budget.

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