Despite Corona pandemic crippling economy, there are promising projections of foreign fund flows, giving the much required boost to the fledgling real estate sector. The overall FDI flows have been quite encouraging in the current year which saw the Corona crisis seriously damaging the economy. The mauled economy pulled down FDI flows to the country…
Category: Affordable Housing
New policy for women’s hostels to boost realty in Gurgaon
The new policy drafted by the DTCP to set up women’s hostels in Haryana, will help boost realty, especially in NCR cities like Gurgaon. As per this proposed policy, the Department of Town & Country Planning (DTCP) will invite private builders to develop hostels for women. The policy has been drafted to meet the housing…
Despite RBI keeping lending rates unchanged, residential realty to keep its momentum
Despite the RBI maintaining status quo on repo rates in its latest credit policy, the pic up in housing will not lose its momentum. In its latest credit policy announced on December 4, the Reserve Bank of India has kept the repo rate unchanged at 4%. The apex bank has also maintained status quo for…
Crackdown on illegal colonies in Gurgaon to boost affordable housing
The latest move by the DTCP to check illegal colonies in Gurgaon will help boost affordable housing. Conceived by the mushrooming of illegal colonies, the Department of Town & Country Planning(DTCP) is putting regulatory mechanism in place. It is bringing 146 villages in Gurgaon under Section 7A of the Haryana Development & Regulation of Urban…
Jewar Airport to be connected to Delhi-Mumbai Expressway- a booster for realty
With the land acquisition for the second phase of Jewar Airport beginning in December, real estate in the NCR is set to get a big boost. According to Yamuna Expressway Industrial Development Authority (YEIDA), 1365 hectares of land will be acquired under phase 2. The process for land acquisition will begin from December 15. The mega…
Dwarka Expressway: Channeling new habitation for over a decade in Gurugram
Dwarka expressway has redefined the real estate sector here and added a lucrative option for the developers as well as for the home-buyers or property seekers. Dwarka Expressway has become a catalyst that helped the development of New Gurugram area which revolves around connectivity and availability of projects in and around. Also it has been…
New guidelines for emergency credit holds hope for stressed assets
The recently issued guidelines for the Guaranteed Emergency Credit Line Scheme for 26 sectors spells hope for the stressed real estate assets. The ECLGS guidelines are applicable to stressed assets , with dues ranging from Rs 50 crore to Rs 500 crore as of February 29, 2020. Out of the Rs 3 trillion of guaranteed…
Science City to enhance attractiveness of Gurgaon realty
The proposed Science City in Gurgaon will boost the real estate index of Gurgaon for property buyers and investors. Gurgaon administration has started the task of selecting land for the upcoming Science City to be developed over an area of 30 acres. Gurgaon was selected for the Science City in January this year.The Centre and…
Fast-paced construction of Sohna-Jaipur eway to boost affordable housing
With the Sohna-Jaipur eway getting ready next year, affordable housing in South of Gurgaon is set to soar. The Sohna- Jaipur eway, part of the 1250 km long Delhi-Mumbai eway will be operational by October next. The 8-lane access-controlled Delhi-Mumbai eway and 6-lane Sohna Road will greatly improve mobility and connectivity from Sohna/Gurgaon. Both Sohna…
Delhi Mumbai E-way brings hope of revival for new Gurugram Realty Market
In highway authority’s history, the first phase of Delhi-Mumbai expressway from Sohna to Jaipur will be operational by next Diwali. The expressway initially starts from Sohna, commuters will be able to access the entire corridor from Dhaula Kuan to Jaipur seamlessly in the first phase. The link from Rajiv Chowk in Gurgaon to Sohna is…