Following steep cut of 7% in GST rate for affordable homes, effective from April 1, the proposed liberalization of home cost norms under Pradhan Mantri Awas Yojana( PMAY) may well further provide impetus to affordable housing. According to present eligibility norms for availing home loan subsidy under PMAY, a house/apartment should have carpet area of…
Category: Affordable Housing
REIT Regime to Boost Liquidity in Real Estate Sector
The successful launch of India’s first Real estate Investment Trust (REIT) valued at 4750 crore by Embassy Office Parks ( a joint venture between the real estate company Embassy and global private equity firm , Blackstone has opened doors for an alternate funding avenue for the capital intensive real estate sector. Indian real estate ,…
5 years of PM Modi
A new era in the Indian Real Estate has ushered with PM Modi’s victory in the year 2014. Along with his victory, he incorporated his vision to provide houses to all the citizens of our country by 2022 and altered the scarred face of the oppressed unorganized real estate sector. Tightening the central government’s grip…
Transit- oriented development to provide impetus to affordable housing
The Delhi Development Authority’s recent plan to develop areas around five metro stations in the capital as high- density mixed use developments under transit- oriented development, will turn out to be a big booster for affordable housing . Five metro stations of Dwarka Sector 18, Dwarka sector 21, Mayur Vihar Extension, Mukundpur, Sarojini Nagar and…
REAL ESTATE INVESTMENT OPPORTUNITIES IN 2019
Over the last few years, a tremendous growth and opportunities have been witnessed by presenting themselves to global and domestic investors with clearly visible growth of the real estate sector. Many new trends have taken shape in the Indian real estate markets during these years. The Indian real estate market is a cusp of growth…
Growing Supply to Brighten Prospects of Affordable Housing
The rising share of supply of affordable housing across India, on the back of favourable policies of the government including interest subsidy scheme under Pradhan Mantri Awas Yojana (PMAY), is set to further brighten the prospects of budget housing. According to a latest study, the pan- India share of affordable housing supply saw a jump…
RBI’s liquidity dose a boon for Affordable housing
The recent $5 billion currency swap window opened by the Reserve Bank of India will provide a much needed boost to liquidity in the market, thereby contributing to revive the fortunes of capital- starved real estate and housing sector . After open market operations(OMO) by the RBI to manage liquidity, its recent move will help…
Rising demand for home loans under PMAY- booster for affordable housing
The substantial interest subsidy of up to 2.67 lakh rupees offered through Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana(PMAY) has given a big push to home loans by middle- income customers, turning to be a booster for affordable and mid- income housing. According to a report by RBI, affordable housing loans(especially up…
Property tax boost to affordable housing
The recent decision of the Maharashtra government to waive off property tax on housing units up to 500 sq ft will prove to be a major incentive in giving a push to the demand and sale of affordable housing. From this year, the Maharashtra government has decided to introduce a new policy, providing waiver to…
38% houses catered to Affordable Housing segment by NCR and MMR in 5 years
Basis a survey, a whopping 55 per cent share of the overall new budget housing supply have been contributed by the markets like Mumbai Metropolitan Region (MMR) and Delhi-NCR between 2013 and 2018 where 38 per cent or 7.65 lakh homes catered to the affordable housing segment. NCR, MMR and Pune witnesses the highest volumes…