With finance minister Nirmala Sitharaman on February presenting the Union Budget 2020-21, real estate chambers pursued to dilute the definition of affordable housing in order to enable more properties to fall within its scope and take advantage of the opportunities. The concept of affordable housing currently means a house or flat in non-metropolitan cities and […]
On December 30th, Fitch Solutions said it expects the residential and non-residential building sector of the country to grow by 6.6% in 2020, led by fiscal support and increased focus on providing affordable housing in urban areas. “A mix of tax support and government policies supporting the housings market, and enhanced activity within the logistics, […]
Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]
CLSS Awas portal was launched on 25 November by Union Minister Hardeep Singh Puri, through which people will be able to track their applications for housing subsidies under the Pradhan Mantri Awas Yojna (PMAY)-Urban. The Ministry of Housing and Urban Affairs said at the launch of the Credit Link Subsidy Scheme (CLSS) Awas Yojana that […]
Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]
By Abhay Shah The fifth consecutive rate cut this year by the Reserve Bank of India is in line with expectations and could probably help boost consumers’ feelings in advance of the festive season, a significant quarter for the selling of real estate. Nevertheless, real estate experts said it was not enough to help flagging […]
By Abhay Shah, Realty Quarter There are many instances where an individual purchasing a house for the first time are surprised to see how many forms are there to mess up a house purchase. The basic step is people would get there pre-approval, finalised a house they loved and made an offer. But to settle […]
By Abhay Shah, Realty Quarter In an effort to increase slowing economic growth in India, the finance minister lately announced a slew of projects. It is not just the real estate industry that is experiencing a slowdown in growth, but the entire economy. This has been ascribed to a number of factors, including global trade […]
By Abhay Shah, Realty Quarter Mumbai police have submitted the State government with a plan to rebuild the Naigaon police quarters and the Light Armed Constabulary headquarters. The plan is primarily designed to sell 50% of the new residential apartments to constables and officers in order to tackle severe housing shortages experienced by the police, proposed by a Police Commissioner, Sanjay Barve. Home Department sources said the Mumbai police are collectively developing the Naigaon estate with the state […]
By Abhay Shah, Realty Quarter With the increasing industrialization and urbanization in different areas of the nation, land accessibility is gradually declining. Investing in a plot over the next ten years is the best time to invest for a very high return on investment, according to experts. The landholdings in India are projected to exceed […]
