As the 2018-19 Union Budget’s proposals kick in from April 1, these may well have a positive impact on real estate recovery. The FY ’19 budget , after a gap of over a decade, introduced 10 percent tax on LTCG exceeding Rs one lakh from sales of shares. This is likely to set the trend…
Category: Affordable Housing
Affordable Housing Needs a Funding Leg up
Affordable housing has today emerged as an attractive proposition for both developers and consumers due to favourable policy ecosystem. The central government accorded infrastructure status to affordable housing in 2017 budget in order to provide funding boost to it. The infrastructure tag was meant to help developers access funding through External commercial borrowing, FDI and…
Need For Pro- Consumer Approach By Developers
The Real estate Regulation & Development Act ( RERA) has ushered in consumer- centric business model in real estate. RERA has both preventive and punitive provisions to safeguard home buyers’ interests. Consumer is not just empowered but also provided with ‘protective umbrella’ . RERA, by making developers do mandatory disclosures, has helped turn home buyers…
Affordable Housing in Ghaziabad Gets a Major Connectivity Boost
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…
Government’s Genuine Consideration for Affordable Housing in Budget 2018
Getting your own space, which you can proudly call your home, is not a far-fetched dream anymore. A home is not a luxury, but a right for everyone regardless of their social status. With government’s Annual Budget 2018, the affordable housing will soon be a possibility for everyone. In the budget, central government has granted…
Affordable Housing spikes in Ghaziabad
The initiatives to boost the execution of affordable housing projects are already speaking volumes all over India, especially in Delhi NCR. The execution of low-cost housing projects will remain a hot topic of the meeting. The Ghaziabad Development Authority (GDA) has got the target of establishing affordable housing units. Thus, the process for preparing the…
Interrelation of affordable housing and disposable income
Affordability or low cost housing is always measured in terms of disposable income. The affordable housing is differentiated with the cost of the house, the proportion of total income. If we see the technicality, the urban poor can buy an affordable house only when the cost of the budget house does not exceed five times…
Affordable Housing doubled to Rs 8 billion; beneficial for first-time buyers
The CLSS (Credit-Linked Subsidy Scheme) for affordable housing waived off, for the economically weaker sections and the low-income group of people. The demand from the middle-income group is, however, very less which is expected. The affordable housing projects have been benefitting the larger strata of the population thus giving high growth hopes to the real…
Gurugram- A new Hub for Affordable housing
Affordable housing projects have already set forth high and on the top of it, the demand for economical housing projects have been considered high in Gurugram. Growing demand for the residential affordable projects will definitely give a boost to the real estate segment in Gurugram market. The researchers have concluded that this sector is going…
37,000 to get homes under PMAY in Gurugram: Report
Working harder to accomplish the Prime Minister’s initiative of providing housing to all in the form of “Pradhan Mantri Awas Yojana”, the MCG official has said that ten lakh houses will be constructed in the state. The initiative was driven by the government with a motive to provide housing to the lower-margin groups who cannot…