A year back introduced law, ‘Real Estate (Regulation & Development) Act’, came into action on 1st May 2017. This amendment had to come into force to ensure the transparency and proper law in the real estate sector. The ministry of housing and urban poverty alleviation had initially prepared the framework paper on lawfully handling the…
Category: Affordable Housing
Developments in RERA- Signature Global moves with pace
There have been ups and downs for the residential affordable projects in Gurugram for a few months. We are quite familiar with the advent of affordable housing projects by various developers in collaboration with the authorities. The Haryana Urban Development Authority has been in the public eye for the same. Apart from giving much-needed space…
Signature Global- Evolution in Karnal
As Signature Global has developed and maintained its mark in the field of affordable housing in the 21st century, it has set certain standards to amalgamate the Indian Real estate market. Ongoing projects in Gurugram, Karnal and Ghaziabad the emerging regions in NCR; Signature Global has successfully marked their presence with the developments taking place….
Solving the Affordable Housing Dilemma
Affordable housing is recently observing peaks and valleys due to the inception of GST (Goods and Services Tax) and demonetisation which have veiled borrowers, cash flow over the past year and it has been declared by experts and analysts and housing finance companies (HFCs). International credit rating agency and its Indian subsidiary, ICRA, explains in…
NCR tops in Affordable Housing Cluster in India: Report
NCR is said to be the fastest growing destination in affordable housing segment in India. Looking at the numbers, it covers houses around 7.5% of country’s metropolitan population. Increasing employment opportunities along with rapid growth in urbanisation have made NCR the fastest growing destination in the affordable housing sector. The rampant migration of working population…
Budget 2018: Flourishing schemes for Affordable Housing
The affordable housing sector has seen many peaks and valleys in the year 2017 on account of the demonetisation, and evolving GST (Goods and Services Tax. The budgetary announcements on Credit-Linked Subsidy Scheme or CLSS) increased the focus on schemes like PMAY (Pradhan Mantri Awas Yojana). The interest from the end-users and the investors was…
Use of Sick PSE’s a boom in affordable housing
So as to provide a push in affordable housing segment post the elections, the land available with six loss-making central public sector enterprises has been diagnosed to give propulsion to Prime Minister Narendra Modi’s initiative. State-run construction company NBCC Ltd. will soon foster some of the lands under the Pradhan Mantri Awas Yojana Scheme. The…
Co-Working Space- New future in affordable housing segment
With the recent development has been stagnant in the market and it has urged the major builders away from the market, affordable housing segment has become a preferred choice, while the term ‘co-working’ has been evolving as a new term in the market. The new markets have a potential market future. New capital and enthusiasm…
SBI comes forward in favour of Budget Housing
Nation’s leading financial institution, State Bank of India (SBI) on Tuesday said it proposes to raise Rs 5,000 crore through long-term bonds to fund affordable housing. This designed programme would aim at fostering affordable housing and support housing for all the mission. According to the sources, the bank would seek approval of the board for…
Customer-driven market getting much-needed recognition
When the market is healthy enough, the real estate segment contributes a considerable fraction to the nation’s GDP. The real estate undeniably has economic and productive effects. Due to the expanding population, there is a housing shortage close to 1.9 crore units in India. There has been a slower pace in the growth of property…