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Affordable Housing News
Property bubble haunts dreams of prosperity in inland Chinese province
Tue, May 21, 2019
Song Jingyi, a paralegal from a family of modest means in the central Chinese region of Henan, had long dreamed of buying a home of her own in Zhengzhou, the sprawling provincial capital of 10 million where she attended college.
FDI push for affordable housing! Residential sector gets thumbs up from foreign investors
Fri, May 17, 2019
FDI or foreign direct investment has started to come into the affordable housing sector of India, which is a welcome development from the housing for all by 2022 view.
Real Estate Buzz! No more interest in luxury? Now, NRIs are focussing on affordable, mid-segment housing
Wed, May 15, 2019
NRIs have started to shift their focus on the affordable and mid-segment housing in India from their traditional high-end luxury housing segment.
Good News! DDA Housing Scheme 2019 application deadline extended till Jun 10
Thu, May 09, 2019
The Delhi Development Authority's new online scheme, which was launched in March, has been extended by a month till June 10, officials said.
Real estate relief: Indian millennials taking to affordable housing, say experts
Mon, May 06, 2019
With this scheme, homebuyers are actually getting attracted to the affordable housing segment - the engagement is high as the financial burden is not prohibitively expensive.
Jewar Airport impact: EROS Group invests Rs 125 crore to push affordable housing in Greater Noida
Wed, May 01, 2019
On account of Jewar Airport and Aqua Line metro connectivity, the EROS Group has decided to invest Rs 125 crore in the affordable housing sector in Greater Noida West.
People can visit sample DDA flats; shuttle available to reach sites
Sat, Apr 13, 2019
People can visit sample flats across all categories under the new housing scheme of the DDA, available in Delhi's Vasant Kunj and Narela residential areas, the urban body said Friday.
Only 39 pct of 79 lakh PMAY affordable housing projects completed till now, says a report
Mon, Mar 25, 2019
With only 39 per cent of the homes sanctioned under the Pradhan Mantri Awas Yojana built so far, completion of affordable housing projects under the PMAY has been slow, according to an Anarock report on Sunday.
DDA flats booking 2019: Become houseowner! Check dates, forms, prices; how and where to apply
Sun, Mar 24, 2019
The Delhi Development Authority (DDA) is all set to launch its housing scheme on 25th March 2019 (tomorrow), that will provide an opportunity to own a DDA flat in Delhi as there will be 18,000 flats to be sold.
Big push to Housing For All: How tax sops are cementing affordable inventories in Delhi-NCR and other metros
Mon, Mar 18, 2019
There is 100 per cent rebate for developers developing 500 sq ft units and GST of 1 per cent , which makes affordable house property a hot cake in the real estate market.
MMR, Delhi-NCR contributes 55 pct share of new budget housing supply
Sat, Mar 16, 2019
As the government continues to lay emphasis on affordable housing, markets like the Mumbai Metropolitan Region (MMR) and Delhi-NCR have contributed a whopping 55 percent share of the overall new budget housing supply between 2013 and 2018, a recent survey said.
Shrinking! Often felt your flat is smaller in size? Yes, it's true - Here is why
Thu, Mar 14, 2019
NCR flat developers have started to launch flats with smaller sizes in last five years.
This is how much money salaried class wants to spend on house rent; students budget will surprise you
Mon, Mar 11, 2019
The study is based on an analysis on home renting trends by mProfile, personalised service for landlords and tenants on Makaan.Com, which is a part of Elara Technologies that owns Housing.Com as well as PropTiger.Com. The data is from all major housing rental markets in the country.
Boost for affordable housing: NHB asks Modi government to ease CAR norms for HFC
Thu, Mar 07, 2019
Availability of capital will play a crucial role particularly for HFCs — major lender for the housing sector — in achieving the Modi govt's goal of housing for all by 2022.
Affordable Housing alert! How Mumbai Port Trust holds key to Nitin Gadkari's housing shortage solution in the city
Thu, Mar 07, 2019
As proposed by Nitin Gadkari, if the Mumbai Port Trust relinquishes 25%, it would help Mumbai planners to add around 1.65 new inventories around the Mumbai sea.
Homebuyers Alert! GST rate cut to drive housing sales, but Assocham also wants another industry to be revived
Thu, Feb 28, 2019
New GST rate for under-construction properties has been slashed by almost 7% and this will be implemented from April 01, 2019.
Govt slashes GST rates on under-construction flats to 5%
Mon, Feb 25, 2019
In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 percent without the input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said.
GST cut on housing sales 'revolutionary step', to boost sentiments: Experts
Mon, Feb 25, 2019
Property developers and consultants Sunday hailed the GST reduction on housing sales and termed the move as a "revolutionary step", saying it will boost sentiments and help the cash-starved sector in clearing around 6 lakh unsold homes
GST rates slashed for under-construction flats, affordable housing
Sun, Feb 24, 2019
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.
Win-Win for home buyers and realtors too! Modi govt lowers GST in affordable, other residential properties
Thu, Feb 14, 2019
The GoM has lowered GST on affordable house properties to 3 per cent while in other category residential properties the new GST would be 5 per cent