Government is not leaving any stone unturned to fulfill the mission of ‘Housing For All 2022’. The central and the state government both are bringing up different initiative to promote affordable housing. The Madhya Pradesh Government has recently decided to make women owners of the houses provided under the Pradhan Mantri Awas Yojana (PMAY). The…
Month: June 2019
NHB cut in refinancing rares to boost housing
The recent reduction in refinancing rates by the National Housing Bank (NHB) following the rate cut announced by the Reserve Bank of India on June 6, will help boost housing, particularly affordable housing by way of aiding transmission of rate cuts. This month RBI had announced a 25 basis points -rate cut for a third time…
Dwarka Expressway completion high on government’s agenda
For thousands of residents of Dwarka Expressway, it is a good news that ahead of the upcoming assembly elections, Haryana government is pushing for the completion of the project hanging fire for the last 10 years. It is significant to mention that the Haryana Chief Minister, Manohar Lal Khattar is taking personal interest in the…
Public transport boosts connectivity on Sohna Road
Real Estate along Gurgaon’s high potential Sohna Road is set to get a further connectivity boost with the new extended route of the city bus service. The new city bus route 111 is between Huda City Centre and Maruti Kunj on Sohna Road. It is an extension of the earlier route which was restricted to…
Canal water supply to boost realty in South of Gurgaon
The recent decision of the Director, Department of Town & Country Planning (DTCP), Haryana to provide government water supply to the residents of new projects that have come up in South of Gurgaon (Sohna) will vastly improve the infrastructure landscape of the area, in turn giving boost to real estate along this high growth corridor….
Affordable homes front runner in driving residential sales
Thanks to interest subsidy under CLSS of Pradhan Mantri Awas Yojana and lower GST rates, affordable homes continue to dominant residential sales. Over half of the residential units sold between the second quarter of 2017-18 financial year and the fourth quarter of FY19 were in the affordable price bracket of less than Rs 50 lakh. A recent study across…
GMDA’s new digital initiative to put Gurugram realty & infra on planned path
The newly launched GIS -integrated support system- One Map of Gurugram Metropolitan Development Authority (GMDA) on the lines of Singapore’s One Map, is set to give a planned impetus to real estate and infrastructure in the city. As part of this digital data hub, the information from about three dozen government departments will be collated, digitised and made…
Sharp decline in unsold home inventory bodes well for residential realty
The high levels of unsold residential inventory that has been a bane for the sector, has seen a sharp decline in recent months, signalling recovery for the housing sector facing slowdown for long time. According to recent industry statistics, the pan India unsold inventory has decreased 11% y-o-y to 1230 million square feet in March 2019 from March 2018.The inventory…
Refreshed approach of Affordable Housing
With Prime Minister Narendra Modi getting a second term after a tremendous victory, the affordable housing segment is expected to continue to get the much-needed boost. Modi’s “Housing for all by 2022” or Pradhan Mantri Awas Yojana wishes to provide affordable housing by motivating developers and homebuyers with schemes and benefits.It focuses on providing affordable housing…
Modi 2.0 will offer a lot
India has chosen a government that in last tenure shown some positive signs of taking forward the economy. It also portrayed its intentions to bring about changes in the way things are done or industries being. Now that they are back, it is time to see how 2.0 pans out. Real estate got many lucrative…