Real estate developer Sobha Limited has forayed into the Gujarat market, with an investment of over Rs 500 crores towards residential development in the Gujarat International Finance Tec City (GIFT City). Sobha will develop … READ FULL STORY
The government of India, on November 16, 2017, approved an increase in the carpet area of houses for the two middle-income group (MIG) categories, under the Pradhan Mantri Awas Yojana – Urban. Under the … READ FULL STORY
The shortage of affordable housing in Delhi, should be viewed within the wider context of an overall housing shortage in the country. Housing supply in urban areas has not kept pace with the additional … READ FULL STORY
According to rating agency ICRA, Budget 2018 has reinforced the government’s intent to focus on the development of the affordable housing sector under the Pradhan Mantri Awas Yojana (PMAY). “A significant increase in the … READ FULL STORY
The union cabinet, on February 20, 2018, approved the creation of a fund of Rs 60,000 crores, to finance the Pradhan Mantri Awas Yojana (Urban), a move that union minister Hardeep Singh Puri said … READ FULL STORY
The Haryana government has decided to revise its Affordable Housing Policy, to provide housing for all in the state by 2022. Chief minister Manohar Lal has approved the changes in the policy to provide … READ FULL STORY
The government, on February 7, 2018, asked builders not to charge any Goods and Services Tax (GST) from home buyers, as the effective GST rate on almost all affordable housing projects is eight per … READ FULL STORY
“In the march towards affordable housing for all Indians by 2022, we will not have any financial constraints or bottlenecks,” housing and urban affairs (HUA) minister Hardeep Singh Puri said, on February 6, 2018. … READ FULL STORY
Finance minister Arun Jaitley’s Union Budget for 2018-19, by and large did not have any major announcements for the real estate sector. While developers have termed Budget 2018 as a pro-buyer populist budget, home … READ FULL STORY
Ketan Sawant Senior PR professional, Mumbai There have been remarkable changes in the real estate sector, since 2017. The implementation of the Real Estate (Regulation and Development) Act (RERA), has enhanced transparency, accountability and … READ FULL STORY
There were no major direct announcements related to realty sector, in the Union Budget 2018-19. However, there is an expectation in the market that the efforts made by the government, could boost the real … READ FULL STORY
Real estate development can be stable in the long term, only if it is complemented with consistent growth of skills and infrastructure development. Skill development ensures that real estate can adapt to changing times … READ FULL STORY
HDFC Capital Advisors, an arm of mortgage leader HDFC, has closed its second affordable housing fund, creating a USD 1-billion corpus, the lion’s share of which is flowing in from the Abu Dhabi Investment … READ FULL STORY
