The recent nod given by the Forest Department of Haryana to the land in Panchgaon (Gurugram), decks have been cleared for the shifting of Kherki Daula toll plaza to Panchgaon which in turn will help speed up the growth of real estate in New Gurgaon. Kherki Daula toll plaza has been posing as a major…
Month: January 2020
To know all about Credit Linked Subsidy Scheme (CLSS)
With the real estate sector going through difficult times, expectations run high on the Budget doling out more sops to revive the sector, particularly for Pradhan Mantri Awas Yojna (PMAY), the affordable housing scheme. One of the key schemes through which the Centre has been trying to push demand for affordable housing is the credit-linked…
Stage set for Jewar Airport construction with completion of land acquisition
The construction of the phase 1 of the flagship Jewar Airport project in Greater Noida is set to start soon with the Gautam Budh Nagar administration completing the process of land acquisition, handing over the entire 1334 acre of land to Yamuna Expressway Industrial Development Authority (YEIDA). The process of land acquisition was started in…
The journey of PMAY (U) in about 4 years
PMAY (U) is one of the flagship programs of the government and it is aimed at providing ‘Housing for All’ by 2022, when the nation completes its 75 years of Independence. The PMAY (U) mission has achieved a remarkable milestone by sanctioning more than one crore houses in a span of about 4 years. The…
AIF to help the Housing Sector
The Government’s decision to set up the Alternate Investment Fund to provide debt financing would help the housing sector to recover. The Housing sales are likely to pick up in the second half of the year due to a low-interest regime, which has been enabled by the policy decisions of the government in December 2019….
GDA’s revised Phase 3 Metro Plan to boost Ghaziabad realty
Ghaziabad Development Authority’s proposed extension of Phase 3 Metro Corridor connecting Noida’s Sector 62 to Sahibabad in Ghaziabad will provide a direct rapid mass transit system between these two cities, giving a major fillip to real estate growth in Ghaziabad. The Rs 1517 crore project will have five metro stations including Sector 62, Vaibhav Khand,…
Housing Sector to shine in 2020
The residential sector will shine in 2020. And, segments like rental housing, group housing, ready-to-move-in units will attract more customers. Residential growth in 2020 will depend on swift implementation of previously announced sops including stressed funds (of Rs 25,000 crore). A major part of the residential growth will most likely unfold in the second half…
Gurgaon Metro link with Blue Line & Airport Metro to boost city realty
The Haryana Mass Rapid Transport Corporation (HMRTC) decision to link existing Gurgaon Metro with Delhi Metro’s Blue Line and Airport Expressline, will provide a big connectivity boost to real estate of Gurgaon. This extension is a part of Gurgaon Metro’s already approved extension from Huda City Centre to Old Gurgaon . From Huda City Centre…
Affordable Housing – Key to Achieve 2022 Mission
The rapid urbanisation, coupled with young demographic profile of the growing population , promises healthy demand for affordable housing, which according to rating agency ICRA, has a market potential of Rs 6.25 trillion by 2022. Considering that the maximum shortage of urban housing is in the low- cost segment, the government has rightly put focus…
Time to focus on Affordable Housing in Budget 2020-21
The last few budgets have taken many steps to stimulate affordable housing demand, however, despite the efforts, conversion of latent demand to actual sales have remained slow. Some urgent steps are therefore required under the domain of the upcoming Union Budget to provide a boost to the sector. To begin with, the government can enhance…