Subsidy of over Rs 8,300 crores has been disbursed to more than 3.7 lakh home buyers so far, under the government’s Credit-Linked Subsidy Scheme (CLSS), the Lok Sabha was informed, on February 5, 2019. … READ FULL STORY
In a democracy where the outgoing government aims to appease all, in order to reap benefits in the upcoming elections, interim budgets in India have tended to cater to populist sentiments. The interim budget … READ FULL STORY
Traditionally, property investment has been viewed as a safe and stable long-term asset in India. It is often an emotional decision for Indians and is perceived as an indication of one’s status and wealth … READ FULL STORY
The taxation on property purchase, has become much simpler than it was before. With the roll-out of the Goods and Services Tax (GST), several taxes previously applicable on real estate purchase (VAT, service tax, … READ FULL STORY
Around 2.75 lakh beneficiaries have availed of the subsidy scheme under the Pradhan Mantri Awas Yojana (Urban), with Gujarat topping the chart, the government said, on November 28, 2018. Maharashtra and Madhya Pradesh had … 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
Mahindra Lifespace Developers Ltd (MLDL), on February 15, 2018, announced the launch of ‘Happinest – Palghar’ – the first affordable housing project to be undertaken by a joint platform between the company and HDFC … READ FULL STORY
India Infoline Housing Finance Ltd (IIFL Home Loan), on October 18, 2017, has said that the company aims to add 15,000 customers under the government’s Pradhan Mantri Awas Yojana (PMAY) Urban scheme by FY18-end, … READ FULL STORY
Over the past one or two years, the major cities across the country have seen a significant rise in affordable housing projects. According to a white paper by KPMG, titled ‘Indian real estate: Unfolding … READ FULL STORY
The interest subsidy of up to Rs 2.60 lakhs on home loans under the centre’s affordable housing scheme, will now be available to middle-income group (MIG) beneficiaries for 15 more months till March 2019, … READ FULL STORY
The centre, on September 21, 2017, announced a new public-private partnership (PPP) policy, to boost private investment in affordable housing that allows extending central funds of up to Rs 2.50 lakhs, for each house … READ FULL STORY
The Centre’s credit-linked interest subsidy scheme, for housing loans taken by people in the mid-income groups (MIGs), has been made effective from January 1, 2017, with EMIs to go down by over Rs 2,000 … 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
