Latest Realty News

Affordable-housing-may-be-next-big-theme-
Jul 27, 2017
The government's efforts to boost affordable housing in a bid to attain the goal of `Housing for All by 2022' have started to yield positive results.
Union-Budget-2017-gives-infrastructure-status-to-affordable-housing
Feb 01, 2017
In Union Budget 2017,Finance Minister Arun Jaitly reserved his best for the real estate sector,which witnessed a slump post demonetization.
Under-construction-flat-to-cost-more-after-GST-Bill-is-rolled-out
Aug 05, 2016
NEW DELHI: Prices of underconstruction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there.
Affordable-home-loans-to-witness-strong-growth:-Moody's-
Jul 26, 2016
The underwriting practices of lenders are vital to controlling credit risk in India's affordable housing loans segment, which is set to grow strongly over the next few years as the government tries to increase home ownership among underprivileged groups, says Moody's Investors Service.
'FDI-Reforms,-REIT-Rule-Relaxations-To-Boost-Realty-Sector'-
Jun 24, 2016
NEW DELHI: Reforms in FDI policy and relaxation of norms in Real Estate Investment Trusts (REITs) will benefit the realty sector, especially the commercial segment, property consultant CBRE today said.
Need-a-'Built-in-Mumbai'-week-to-focus-on-affordable-housing-:-CM-Fadnavis
Feb 16, 2016
"With 50% of our population living in slums, we now want to start the Built in Mumbai initiative that will aim at providing cheaper homes. We will soon start a massive campaign for it," Fadnavis added.
New-TDR-rules-to-soar-up-property-prices-in-Odisha:-Realtors
Feb 05, 2016
The drastic reduction of base floor area ratio (FAR) to 1.2 from earlier 1.5 to 2.75 in the newly notified Odisha Transferable Development Right Rules, 2015 is likely to soar up real estate property rates by 30-35 per cent in Odisha, realtors says.They have red flagged the reduction of FAR , the ratio obtained by dividing total covered area on all floors by the area of the plot, in the rules.
Indian-Realty-Market-Regains-Favour-of-Foreign-Investors:-PwC
Dec 17, 2015
Mumbai: A relaxed FDI (foreign direct investment) policy for the realty sector has reinforced the confidence of overseas investors and has helped India regain its place as one of the preferred investment destinations, according to a survey by PwC.
Maha-govt's-realty-projects-approvals-ease-to-help-make-housing-affordable:-JLL-India-
Dec 09, 2015
MUMBAI: The Maharashtra government's efforts towards reducing the number of approvals needed for a realty project is expected to make private housing relatively affordable. The move is also expected to ease developers' cash flow issues as approvals for their projects will be faster, said JLL India in a report.
Amrapali-to-develop-housing-project-worth-Rs-2,000-cr-for-govt-staff-
Dec 04, 2015
NEW DELHI: Realty firm Amrapali today said it will develop 10,000 affordable homes in Noida Extension for government employees at a cost of Rs 2,000 crore.
Housing-for-All-may-boost-economy-by-3.5%-by-2022:-Ind-Ra-
Nov 27, 2015
MUMBAI: Prime Minister Narendra Modi's ambitious project Housing For All has the potential to push up the country's economy by 3.5 per cent by 2022 with sectors supplying crucial inputs to the construction industry being the biggest beneficiaries, says India Ratings.
Mhada-identifies-fresh-land-parcels-in-MMR-for-affordable-housing-
Nov 16, 2015
MUMBAI: The Maharashtra Housing and Area Development Authority (Mhada) has identified land parcels spread over 1,100 acres across Mumbai Metropolitan Region (MMR) for developing affordable housing projects.
Vodafone-announces-Rs-13,000-crore-investment-plan-in-India
Nov 13, 2015
NEW DELHI: Vodafone on Thursday committed investments of Rs 13,000 crore (£1.3 billion) in India for capacity augmentation and new business initiatives.
New-FDI-norms-to-boost-affordable-housing-segment
Nov 12, 2015
NEW DELHI: Real estate industry today hailed the government's decision to relax FDI norms for construction sector saying the move would boost foreign investment into the housing sector, particularly affordable segment.
Essel-Group-to-build-2-lakh-affordable-homes-by-2022-
Nov 10, 2015
NEW DELHI: Diversified business group Essel today announced its foray into the affordable housing segment with plans to develop 10,000 homes next year entailing an investment of Rs 800 crore.
Canada-Pension-Fund-Ready-to-Invest-$2-Bn-in-Mumbai-Housing:-Maharashtra-Chief-Minister
Oct 31, 2015
Mumbai: Canada's pension fund is ready to invest $2 billion (Rs 13,000 crore at $1 = Rs 65) in affordable housing in Mumbai, Maharashtra Chief Minister Devendra Fadnavis said, in a move that would boost Prime Minister Narendra Modi's goal of providing cheap housing to millions of people.
Maharashtra-to-use-no-development-defence-zones-for-affordable-housing-in-Mumbai
Oct 30, 2015
MUMBAI: The government of Maharashtra is considering opening up land parcels under the no-development zones as well as plots belonging to Indian defence personnel in an effort to build affordable houses in Mumbai, said Prakash Mehta, minister of housing, labour & mines.
Government-set-to-ease-housing-approvals
Oct 29, 2015
NEW DELHI: Government departments involved in granting approvals for construction projects in cities and towns will now come out with necessary notifications by November-end for streamlining approvals for time-bound and hassle-free clearances. This will mean applicants don't have to bring their cases to Delhi for different clearances.
States-Asked-to-Evolve-Affordable-Housing-Policies-for-Low-Income-Groups
Oct 26, 2015
New Delhi: The Centre would hold discussions with the state governments about measures being taken to promote affordable housing projects for the Economically Weaker Sections (EWS) and Low Income Groups (LIG).
Odisha-Developers-Welcome-New-Housing-Policy
Oct 26, 2015
Bhubaneswar: Real estate developers in the state are pinning hopes on the state’s new housing policy combined with the recent Reserve Bank of India(RBI) decision to increase loan to value(LTV) ratio to revive the sluggish housing market in the festival season.
Credai-plans-business-to-business-meet-with-real-estate-brokers
Oct 26, 2015
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) has decided to conduct business to business (B2B) meetings with real estate brokers in Nashik and Mumbai in a bid to boost real estate sector in Nashik, which has been passing through a phase of recession.
Rajarhat-comes-closer-to-middle-class,-50%-price-slump-in-fortnight
Sep 25, 2015
KOLKATA: Have properties in Rajarhat-Newtown suddenly become more affordable? With properties at Rs 2,600-3,500 per square feet being advertised with unfailingly regularity over the past two weeks, a decent 1,200-square feet three-bedroom apartment in a Rajarhat multi-housing complex suddenly appears more within reach at Rs 35 lakh, compared to the Rs 60-70 lakh months ago.
Govt-in-talks-with-World-Bank-for-funding-of-smart-cities,-AMRUT-plan
Sep 25, 2015
he World Bank is in talks with the government to provide some initial funding for the latter's smart cities programme and the Amrut initiative for urban revitalisation.
States-agree-to-comply-with-environmental-guidelines-for-urban-buildings
Sep 23, 2015
NEW DELHI: State governments have broadly agreed to comply with the proposed environmental guidelines for construction projects in urban areas.
States-queue-up-for-PM-Narendra-Modi's-Housing-For-All
Sep 18, 2015
NEW DELHI: Within three months of launch of Housing For All scheme, a key poll promise of PM Narendra Modi, states are queuing up to tap into the funds for slum redevelopment.

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