With sizeable demand for quality affordable housing within the Mumbai Metropolitan Region (MMR), the growth potential for this segment seems promising, says Prabhat Ranjan, Chairman and MD of Olympeo Infra Ltd. In an exclusive … READ FULL STORY
The Indian economy, as measured by growth in Gross Domestic Product (GDP), accelerated by 6.3 per cent (Q3 2017), making an improvement from 5.7 per cent (Q2 2017). The growth is likely to exceed … READ FULL STORY
For many, the decision to buy a home, depends on whether one is able to get a home loan on time, or not. Most housing finance companies ask the borrower to pay 10-20 per … READ FULL STORY
The centre, on November 16, 2017, approved the enhancement of the carpet area of houses for the middle income group (MIG) category, under the Pradhan Mantri Awas Yojana – Urban (PMAY-U). Under the MIG-I … 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 government is committed to ensuring a decent habitat for people in urban areas, particularly the poor and has taken various initiatives in this regard, Housing and Urban Affairs minister, Hardeep Singh Puri said … 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
Newly sworn-in Housing and Urban Affairs (HUA) minister, Hardeep Singh Puri, has described the urban housing and development challenges facing the ministry as ‘daunting and transformative’. However, he expressed confidence that the ministry could … READ FULL STORY
The centre will invite companies from across the world, to showcase their construction techniques and adopt the selected ones, to build affordable houses for poor families in the country, a top official said, on … READ FULL STORY
The 7th Pay Commission has been notified and the salaries of central government employees and pensioners, are set for a major revision. This is likely to boost demand and liquidity in the real estate … READ FULL STORY
Although the market had returned to normal after the demonetisation drive in November 2016, it was further impacted by the implementation of the Real Estate (Regulation and Development) Act (RERA) and the nationwide execution … READ FULL STORY
The Reserve Bank of India’s (RBI’s) governor, Urjit Patel, on August 2, 2017, pointed out that slow clearances are affecting affordable housing projects at the state level. “I think we need a time-bound single-window … READ FULL STORY
