Tata Housing to Invest About Rs 3,000 Crore On Affordable Houses

Published: March 4, 2011

Tata Housing Development Company today said it would invest up to Rs 3,000 crore next fiscal to develop affordable homes across the country.
The company already has five projects in the affordable segment and plans to launch 7-8 more projects next fiscal.
Tata Housing has formed a subsidiary Smart Value Homes to develop affordable houses in the [...]

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Affordable Housing in Non-Metros To Get A Boost

Published: February 28, 2011

Low cost and affordable housing in non-metro regions is set to receive a boost following the finance minister in his budget speech announcing measures including the hike in housing loan limit for interest subvention.
In the Union Budget for 2011-2012, the existing scheme of 1% interest subvention has now been extended to Rs 15 lakh for [...]

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Union Budget 2011-2012 Will Give Indian Real Estate The Break

Published: January 25, 2011

The Indian real estate sector has always been one of the mainstays of the country’s economy. At some level, every Indian is connected with it; in some way or the other, it affects every citizen of this country.
It is time that the Government takes practical cognizance of the vitally important role the real estate sector [...]

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Godrej Properties may offer affordable housing at sub-Rs 15 lakh

Published: November 18, 2009

Godrej Properties, the realty arm of Godrej Industries Limited is extremely bullish on the affordable housing market in India. The company is mulling on the possibility of introducing housing facilities for the masses at price points below Rs 15 lakh per unit.
Godrej Properties executive director Pirojsha Godrej told ET, “We would like to take a [...]

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Best Locations in Gurgaon to Buy Residential Property

Published: October 9, 2009

Gurgaon in the NCR region is one such place that is highly in demand for  residential as well as corporate properties. A number of leading organizations and multi nationals have chosen it to extend their office floors. An investment in Gurgaon property, offers a very good option for commercial as well as residential sectors. The [...]

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Tata Housing launches affordable initiative ‘New Haven’

Published: September 30, 2009

Tata Housing Development Company announced the launch of ‘New Haven’, an initiative in the affordable housing segment.
New Haven’s’ flagship project will be launched at Boisar in Mumbai and will offer 1,300 apartments, including 2 BHK and 3 BHK homes, starting at Rs 12.73 lakh with a minimum size of 670 square feet, a press [...]

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Home loans up to Rs 10 lakh get 1% interest rate subsidy

Published: September 11, 2009

Affordable housing, especially in non-metros, could get a much-needed boost with the Government on Thursday approving the one per cent interest subvention scheme for housing loans up to Rs 10 lakh. The Centre has allocated Rs 1,000 crore for the scheme.
Under the new scheme approved by the Cabinet, the interest subsidy will be made available [...]

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Real Estate Prices to Remain Stable This Festive Season

Published: September 7, 2009

Property prices are unlikely to rise sharply during the festive season as buyers have become very price sensitive and are not ready to pay premium on flats. Talking to Hindustan Times, Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj (JLLM) said, “Developers have realised that they can no longer increase the prices at [...]

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Is the worst over for the real estate sector?

Published: September 7, 2009

New Delhi / Bangalore: Nitesh Shetty, a developer of high-end properties in Bangalore, has no qualms over dropping the premium tag—and prices—in some of his projects as demand for affordable housing picks up pace in India.
“Demand lies here and we need (to) adapt accordingly,” said Shetty, founder and managing director of unlisted realty company Nitesh [...]

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Bangalore Based Developer Plans Alliance with Mexican Housing Company

Published: August 25, 2009

Realty major Puravankara Projects is in talks for an alliance with Homex, a Mexican company that specialises in affordable housing. The idea is to give a boost to its affordable housing subsidiary Provident Housing. Ashish Puravankara, director, Puravankara Projects, said, “We are holding discussions with Homex as they have build a large number of affordable [...]

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Property demand revives

Published: August 21, 2009

In a providential turn of events, the global economic slowdown has provided end users a unique opportunity to buy their long cherished ’sweet homes’ as prices in many pockets in the National Capital Region have fallen steeply. In particular, apartments in the new launches are now available in some markets at almost 50% of the [...]

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1% loan subsidy to boost affordable housing in Tier II & III cities

Published: August 10, 2009

Govt has offered 1% subsidy on loans up to Rs 10 lakh & doled out tax sops for developers. But this will mainly boost affordable housing projects in Tier II & III cities. Metros will be missing from the list.
At a time when low cost is the clearly the buzzword in the real estate sector, [...]

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Govt plugs loophole to stop illegal profits by developers

Published: July 10, 2009

The government is bringing an amendment that would prevent you and your closest kin from buying more than one flat in the same building in affordable home projects. This is applicable for buildings approved for construction of smaller flats of less than 1000 square feet of built-up area targeted at low and middle income households [...]

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Demand High for Affordable Housing

Published: May 27, 2009

The possibility of an affordable home not only eludes the vast middle class in the private sector, but also the Central public sector employees across the country, reflecting the gross shortage of houses. Huge deficit between demand and supply, especially in metro cities, has forced the Central government real estate firm National Buildings Construction Corporation [...]

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