In extension to its concern towards economy amid weak activity, RBI Governor has announced monetary measures such as repo rate cut, further extension of three months to the moratorium period, relief on debt servicing, etc. The Apex bank reduced repo by 40 basis points to 4 per cent and with this India has cut repo…
Author: Signature Global
Security clearance for Jewar Airport- a booster for realty development
The security clearance by the Centre to Swiss firm developing Jewar Airport, has opened doors for rapid real estate development . Swiss company, Zurich Airport International AG had emerged front runner in financial bidding to bag this mega infrastructure project. Undertaken by Noida International Airport Limited, this is the largest airport development in India. The…
Affordable housing soon to be on NRI investor’s checklist
The current situation has made people realize the value of their homes and staying close to their families. Residing in metro cities comes with its own set of challenges; the high density of crowd there has led to the saturation of land and subdued demand leading to high property prices. The exodus migration of people…
Newly announced rental housing scheme likely to benefit the affordable housing segment
While announcing the stimulus package for small developers recently, the Government launched Rental Housing Scheme as part of the Pradhan Mantri Aawas Yojana (PMAY). The decision has gone down well among the real estate developers as they believe this move will work as a booster dose for affordable housing and help Modi Government to achieve…
CLSS extension to boost affordable housing
The one year extension to CLSS till March 2021 granted by the central government will help boost affordable housing. As per Centre’s policy decision, the CLSS has been extended for middle income groups with annual income of Rs 6-18 lakh.The scheme will benefit at least 2.5 lakh middle- income families. Already, over 3.3 lakh families…
Affordable rental housing to boost dedicated construction workforce
The latest policy decision of the Centre to promote affordable rental housing ,will help boost dedicated construction workforce. According to the new policy, Housing Ministry will build affordable rental housing via PPP model. This scheme is meant to provide ease of living to migrant labourers and urban poor. The government funded housing in cities will…
Positive Announcement: Government-funded housing will be converted to affordable rental housing projects
Finance Minister Nirmala Sitharaman has released the second tranche of the ₹20 lakh crore economic package today which is a day after announcing a set of 15 relief measures related to MSMEs, NBFCs, the real estate sector, etc. The government has extended CLSS by one year till March 2021 for the lower strung of the…
Projects completion extension to protect the interests of developers and home buyers
The 6-month extension granted for completion of projects by FM , will help destress both developers and home buyers. In the wake of Corona crisis, the Finance Ministry has invoked force measure. It has extended by six months the registration and completion date of all RERA registered real estate projects.This is applicable to all projects…
Positive Announcement: Government-funded housing will be converted to affordable rental housing projects
Finance Minister Nirmala Sitharaman has released the second tranche of the ₹20 lakh crore economic package today which is a day after announcing a set of 15 relief measures related to MSMEs, NBFCs, the real estate sector, etc. The government has extended CLSS by one year till March 2021 for the lower strung of the…
Financial package 2.0 to boost credit flow to realty sector
The liquidity booster by the FM as part of Rs 20000 cr package will boost credit flow to real estate. The Finance Minister has announced Rs 75000 crore liquidity booster for NBFCs, HFCs and micro finance companies. This liquidity booster has two components. The first component of Rs 30000 cr provides full guarantee while second…