Stamp duty on new apartments or flats with costs below Rs 20 lakh would be lowered to 2% from 5%, as of April 1, to encourage affordable housing, as announced by the state Chief Minister B.S. Yediyurappa on March 5. “I propose that the stamp duty on the first time registration of new flats or […]
Karnataka state minister announces a reduction on stamp duty by 3%.more
The Delhi Development Authority (DDA) is planning to launch 5,000 new houses in 2020 as part of its initiative to provide affordable housing to all. Though, the move comes at a time when over 20,000 owners surrendered their flats oversize and location within a six-year period. “DDA is set to launch 5,000 new apartments by […]
Delhi Development Authority to launch 5,000 new houses under housing for all scheme.more
The High Court of Madras proposed that non-resident Indians should be banned from buying homes in India, speculative sales should be prohibited, and a 100% additional stamp duty on purchases of second homes should be imposed. As party respondents, the Court itself impleaded the Union housing and finance ministries. We also asked questions about the […]
High Court imposes ban on NRIs from purchasing residential property in India.more
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 […]
PMAY-Urban: Individual can check their housing subsidy application online through the CLSS Awas portal.more
By Anuj Puri, Chairman – ANAROCK Property Consultants Affordable Housing Keeps the Momentum Going Unsold inventory down 2% from 7.11 lakh units in Q1 2018 to 7.0 lakh units in Q2 2018 Unsold inventory declined 10% from 7.7 lakh units in Q4 2017 There has been a whopping 50% jump in overall new housing launches in Q2 2018 […]
New Housing Launches up by 50% in Q2 2018more By Anuj Puri, Chairman – ANAROCK Property Consultants The housing ministry’s decision to tweak the eligibility criteria for MIG-I and MIG-II home buyers for houses eligible for interest benefit under PMAY is a phenomenal move to boost sales of large-sized apartments. As per the revised norms, MIG-I category home buyers with household income between ₹ […]
Revised Flat Size Norms a Major Demand Boost for Larger Homes in Tier 2/3 Citiesmore
By Realty Quarter Bureau The government has been working to free the housing sector of corruption and middlemen to ensure people get their own houses without facing troubles, Prime Minister Narendra Modi said recently. He also said that use of latest technology is ensuring faster building of houses for the poor in rural and urban […]
4crore houses by 2022, says MODImore