The centre, on March 21, 2017, approved the construction of over 1.10 lakh houses for the urban poor, in six states at a cost of Rs 5,773 crores under the Pradhan Mantri Awas Yojana … READ FULL STORY
The ticket size of new launches across the top eight cities of India (Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune), witnessed an average decline of 14% year-on-year (y-o-y), according to a report … READ FULL STORY
The report on the revised Development Plan (DP) for 2034, for Mumbai, has done away with the controversial zoning of ‘No Development Zones’ (NDZ) and has, instead, categorised this land as Special Development Zone-I … READ FULL STORY
Addressing the realtors’ apex body CREDAI Conclave, Union Housing and Urban Poverty Alleviation Minister, M Venkaiah Naidu, on March 6, 2017, expressed concern over the skyrocketing land prices in some cities and said it … READ FULL STORY
1. Global capital flow into Indian real estate will increase further India was ranked fourth in developing Asia for FDI inflows, as per the World Investment Report 2016 by the United Nations Conference for … READ FULL STORY
In some good news for developers and home buyers, the Union Urban Development Ministry has stipulated that housing approvals will be given within 60 days, via an online application process in metropolitan centres such … READ FULL STORY
Pune is hailed as an educational hub, which attracts students not only from different parts of Maharashtra, but also from all over the country and abroad. The city is home to several prestigious institutes, … READ FULL STORY
Micro-markets that have mixed land use development, availability of high-end, as well as affordable housing projects, superb connectivity and all the necessary amenities in projects, are increasingly being sought-after in the country. Post the … READ FULL STORY
Developers The union budget provided a significant boost for affordable housing, by granting it an industry status and all the listed real estate stocks reacted positively. However, whether these incentives will entice the developers … READ FULL STORY
The Reserve Bank of India (RBI) on Wednesday, February 8, 2017, surprised the market by keeping the repo rate unchanged at 6.25% in its monetary policy review. This has disappointed the market in general … READ FULL STORY
The Reserve Bank of India (RBI), on February 8, 2017, kept its policy rate unchanged at 6.25%. This decision has been greeted with surprise, by the real estate fraternity. “While the recent demonetisation drive … READ FULL STORY
Stating that the tax incentive for second home loan borrowers is being virtually misused, revenue secretary Hasmukh Adhia, on February 4, 2017, citing limited resources, said that it was prudent to subsidise first-time buyers … READ FULL STORY
Mumbai-based ArthVeda Fund Management Pvt Ltd (AVFM), on February 6, 2017, announced that Qatar Holding (QH) has committed to invest USD 250 million in its affordable low and middle income (LMI) fund, which projects … READ FULL STORY
