Ashok Mohanani, President - NAREDCO Maharashtra The much-awaited budget 2021-22 is expected to bring a ray of hope as industry looks forward to a favourable budget this year. Although the Central and State Government has rolled out several reforms and incentives during the past quarters to restor... Read more...
The ‘wish list’ for Union Budget 2021 presented by real estate body NAREDCO, includes measures to combat the economic crisis and result in upward growth trend -: - Rationalization of Tax - Enhancing loan to value (LTV) ratio up to 90 per cent across the board for home loans for affordable hou... Read more...
Pradeep Aggarwal, Chairman, National Council on Affordable Housing, ASSOCHAM Despite the lower-than-normal sales traffic in the real estate sector, the affordable segment has emerged as the hot cake for the wannabe homebuyers. Post-Unlock, the segment witnessed improvement in the number of visi... Read more...
The Pimpri Chinchwad Municipal Corporation (PCMC) affordable housing draw includes 3,664 flats in Charholi, Ravet and Borhadewadi. In this draw, a list of selected candidates and a waiting list will be prepared for this housing scheme. Out of the 3,664 flats, 1,442 are in Charholi, 934 in R... Read more...
The department of town and country planning has notified the amendments to the Affordable Housing Policy of 2013, which allow changes to the size of housing projects, car parks and an increase in the commercial component of the project areas. This amendment will help in expanding the footprint of... Read more...
Sanjeev Chandiramani, Chief Operating Officer, Ruparel Realty We entered 2020 with a positive outlook expecting necessary changes that would aid to sustain market equilibrium in the real estate sector. The nationwide lockdown brought everything to a standstill and caused a disruption in the overa... Read more...
The inclusion of one car parking space per flat will increase the affordable housing segment’s popularity. Many who invest in real estate assets will now opt for affordable housing as well as it comes with minimum investment. In the Haryana cabinet’s latest decision, the size of a project can... Read more...
Even as Rourkela has set a target to become slum-free in the next six months, affordable housing remains a distant dream for the city’s poor. Steps to de-notify 40 slums on government land have already been initiated by Rourkela Municipal Corporation (RMC). Hundreds of acres of land belonging... Read more...
IIFL Finance said its home loan subsidiary has tied up with ICICI Bank to provide affordable housing and MSME loans. IIFL Home Finance Ltd and ICICI Bank have entered into a sourcing and servicing arrangement to partner in extending credit to the affordable housing loans & MSME loans (loan ag... Read more...
The CBRE UK Affordable Housing Fund, which raised £250m (€272m) from UK institutional investors in 2019, is forward funding a London development by HUB and Bridges Fund Management. Abbey Place, a development of 245 homes in Abbey Wood, South East London will form a mixed-used development on a ... Read more...