Tag: affordable housing

Builders make a rush for affordable housing in the city

At least 100 realtors have taken up affordable housing projects because of surging demand in this segment in the city. Among them is a realtor, who till now had been developing only luxurious residential apartments in the city. His project has 3,000 flats, each having a carpet area of 60 sq. m. They had switched […]

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GST rates cut, affordable housing redefined

The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector much-needed breathing room and will certainly help it maintain some forward momentum in 2019. Another booster shot given by the […]

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MahaRERA frames Procedures to let Home-buyers take over Projects

MahaRERA has been consistently working on the road of creating an effective and efficient module for RERA. The authority has recently released guidelines which now allow homebuyers to put aside a builder in case of a stalled project, further protecting homebuyers against frauds. Consumers can remove a developer from a project. The consent of at […]

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Government applies easy rule for affordable housing

The government has applied easy norms to rope in private players in affordable housing projects to further expand the current housing scenario. Source: NDTV

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Affordable Housing in Haryana gains further momentum

After three years of the launch of Affordable Housing Policy in Haryana, the segment has finally gained an intense momentum in the state. Source: NDTV

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Mumbai plans affordable housing in Special Development Zones

The planning committee’s report on the draft Development Plan-2034 is likely to help BMC create more affordable houses than the 10 lakh planned earlier, as it has renamed no-development zones (NDZ) as Special Development Zones (SDZ). In the plan submitted to the mayor, the panel allowed smaller SDZ plot owners to develop their land after […]

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Finance Minister announces measures for affordable Housing

Making the Scheme for profit-linked income tax exemption for promoters of affordable housing scheme announced last year more attractive, the Union Finance Minister Arun Jaitley proposed a number of changes while presenting the General Budget 2016-17 in Lok Sabha. Jaitley said that instead of counting the built-up area of 30 and 60 sq m, it […]

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Affordable Housing to be given Infrastructure Status

The Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2017-18 in Parliament has said that affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits. The National Housing Bank (NHB) will refinance individual housing loans of about Rs. 20,000 crore in […]

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Reduce stamp duty for affordable housing, Naidu says to states

Union Minister for Urban Development, M Venkaiah Naidu, has said that the Urban Development ministry requests the states to reduce stamp duty for affordable housing. The ministry has written to states government to ease the stamp duty as it is adding to the burden with a new Real Estate Regulation Bill where the rules are […]

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Technology powering up affordable housing in India

A paradigm shift in technology is underway in India’s real estate industry. Low-cost housing is in big demand and real estate companies are acquiring cutting edge technology to rev up their construction speed. Pre-Cast concrete technology is making it possible to complete an entire process of building a 2 BHK flat in just 24 hours. […]

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