City-based consumer body Mumbai Grakah Panchayat (MGP) has filed a complaint with the MahaRERA, seeking to penalise Navi Mumbai’s planning agency, the City and Industrial Development Corporation (CIDCO), for advertising 11 housing projects without … READ FULL STORY
A parliamentary panel has observed that the Housing and Urban Affairs Ministry, is giving the ‘usual excuse of procedural delays’ in accounting for spent funds, in case of the government’s prestigious flagship programmes, but … READ FULL STORY
The Indian real estate sector has become one of the fastest growing markets. However, the sector is battling some extreme challenges that act as roadblocks and restrict the sector from yielding full benefits of … READ FULL STORY
Ahmedabad-based Griha Pravesh has been shortlisted for the US State Department’s prestigious P3 Impact Award, along with four others – DREAMS Partnership in Africa, Kosmo Innovation Center in Ghana, Laka Kivu Coffee Alliance in … READ FULL STORY
There has been a whopping 50 per cent jump in overall new housing launches in Q2 2018, over the preceding quarter, with the maximum supply in the affordable segment (less than Rs 40 lakhs). … READ FULL STORY
Pune, in Maharashtra, attracts people from all over India, as well as abroad. People often move to this city for education or to earn a livelihood, as this city offers ample employment opportunities. When … READ FULL STORY
Delhi, the capital city of India, continues to attract economic wealth and migrant population and this has a positive effect on its real estate market. Santhosh Kumar, vice-chairman, ANAROCK Property Consultants, points out that … READ FULL STORY
The Goods and Services Tax (GST), a revolutionary tax reform that was rolled out on July 1, 2017, has effectively replaced multiple taxes like VAT, central excise duty, commercial tax, service tax, octroi, etc. … READ FULL STORY
The new regulatory changes and the changing market dynamics, will not adversely challenge the end-user driven markets, says Ashish R Puravankara, managing director of Puravankara Limited. In an exclusive interview with Housing News, Puravankara … READ FULL STORY
The Delhi Metro has been a boon for the residents of the National Capital Region (NCR), providing connectivity to various parts of the city and in turn, boosting real estate development. Now, the authorities … READ FULL STORY
Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve … READ FULL STORY
The Ministry of Housing and Urban Affairs, on June 12, 2018, increased the carpet area of houses eligible for benefits under the Pradhan Mantri Awas Yojana’s (PMAY’s) credit-linked subsidy scheme (CLSS) to 160 sq … READ FULL STORY
In a statement on June 6, 2018, the Reserve Bank of India (RBI) said that it has decided to revise the housing loan limits for priority sector lending (PSL) eligibility from Rs 28 lakhs … READ FULL STORY
