The debt- ridden, cash- starved developers are taking to price cuts to push sales and and clear unsold inventory, which in turn is adding momentum to residential real estate recovery. According to a recent PropEquity Report, prices of unsold houses in cities of Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru,Thane, Chennai,dropped 7 percent in January-…
Category: Affordable Housing
Technology Boost To Affordable Housing
Today, the real estate sector is facing the biggest problem of project delays. The problem has assumed a crisis situation in residential real estate with lakhs of home buyers, waiting for years to seek possession of their homes. According to a recent Assocham study, as many as 826 projects are running behind schedule across 14…
Affordable Housing – Key to Achieve Housing For All Mission
Pradeep Aggarwal Chairman and Co founder – Signature Global & Chairman – National Council on Affordable Housing ( Assocham ) Affordable Housing – Key to Achieve Housing For All Mission The rapid urbanisation, coupled with young demographic profile of the growing population , promises healthy demand for affordable housing, which according to rating…
Need for liberalized FSI norms to boost affordable housing
Optmal utilization of urban land is a key to affordable housing. And one way to achieve this is to liberalize Floor Space Index (FSI) or Floor Area Ratio (FAR) for low- cost housing. Based on the recommendation of Niti Ayog and on the persistent demand of industry bodies, the Union Urban Development & Housing Ministry,…
Fresh connectivity boost to South of Gurgaon’s realty fortunes
The awarding of contract for the construction of 5km long elevated corridor on Sohna Road between Subhash Chowk and Badshahpur, with two underpasses at Subhash Chowk and Vatika Chowk, has set into motion the process of ensuring seamless traffic between Rajiv Chowk- Sohna stretch. This development closely follows the completion of key flyover and underpass…
Lower stamp duty leg up for affordable housing
National housing Bank (NHB) is carrying out a study on cause and effect of stamp duties on property transactions across different states, with a view to build a case for states to lower stamp duty on affordable housing. NHB has expressed concern over high stamp duty of 6-10 percent for affordable housing , making a…
It is profitable to invest in affordable housing
The myth that affordable homes may not be good bet for profitable investment, stand busted , particularly in the light of government’s incentivised policies like Credit Linked Subsidy Scheme(CLSS) under Pradhan Mantri Awas Yojana (PMAY), boosting up affordability for home buyers. On the other hand, developers are providing lifestyle homes, with good infrastructure, connectivity and…
2018 to be bumper year for delivery ; Signature Global to deliver 3000 units
The operationalization of 10.3 km, 6-lane signal free elevated road connecting Raj Nagar Extension (Ghaziabad) to U.P Gate – Delhi border on NH 24 and making the commute easier and much faster, is a major infrastructure development, set to give a big boost to real estate in this micro market of NCR. Infrastructure upgradation is…
Circle rates hiked again in Gurugram ; may negatively impact sales
Circle Rates hiked again in Gurugram; may negatively impact home sales Close on the heels of 10-15 percent hike in Circle or Collector Rates in Gurugram in February this year, the rates have once again been hiked by about 20 percent from April 9, resulting in a significant cumulative negative impact on property registration charges….
Rising Demand For Aspirational Affordable Housing
A number of far reaching reforms and policy initiatives taken by the government to ensure the success of its flagship mission,’ Housing for All‘, have completely changed the dimension of real estate business. From low volume, high margin, the business has changed to high volume and low margin, in turn giving a big boost to…