The budget speech was overall a positive one for the real estate in general and the housing in particular. The budget will be beneficial both for the end-users and the industry. Focusing on the residential segment of the realty market, the budget waived off tax on notional rent, extending tax benefit period for affordable housing…

The Centre’s recent move to extend the Credit- Linked Subsidy Scheme (CLSS) on home loanfor the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (Urban) till March 31, 2020, will benefit the home buyers as this scheme providing subsidy of up to 2.67 lakh on home loans was to expire on March 31,…

A major impact on the real estate sector can increase the growth of the sector basis some favorable changes. Though the government has been making some evident changes for the sector, but still not all the anticipations or demands have been contemplated by the government in a positive manner. The realty players are highly anticipated…

Employment has always been a major issue in our country. Where lakhs of people are unemployed and are desperately searching for jobs, Pradhan Mantri Awas Yojana (PMAY) is surmised to have generated employment to over 6 crore people in India. Basis a source, 2.65 new jobs are created for every Rs 1 lakh investment in…

A country with over a billion people obviously needs a place which they can call home. Owing to the problem of scarcity in India, the government of India launched its scheme Pradhan Mantri Awas Yojana (PMAY) in 2015 which envisioned Housing for All by 2022. The demand for residential and commercial spaces in the real…

Top official of the Housing and Urban Affairs recently announced that the Global Housing Technology Challenge will soon be launched to speed up the process of construction techniques for Affordable Housing. Typically it takes around three years for construction, but with the Global Housing Technology Challenge, the construction will take as less as three months….

Recently, it has been suggested by the government that the land lying idle with various sick/loss making public sector undertakings (PSUs) of the Centre or state governments may be used to resolve the issue of land availability for affordable housing projects under ‘Housing for All’. NITI Aayog has suggested in its ‘Strategy for New India…

Amongst all the trends that the real estate sector witnessed in the year of 2018, affordable housing came out to be the most successful and lucrative. The builders of Affordable Housing took great advantage of the opportunity and as a result witnessed a fair revival in the residential market, primarily marked by new launches and…

The recent decision of the Haryana government to revise the licensing norms by extending the license period from two to five years, will come as a shot in the arm of those developers whose projects are incomplete/stalled and their licenses expired. Currently, large number of housing projects are incomplete/stalled .  Under the old licensing  policy with two…

The Centre’s move to involve National Building Construction Company (NBCC) to make use of the large chunks of idle land belonging to sick public sector units for constructing low cost units, will give a further push to affordable housing . Recently, the NITI Aayog in its strategy paper on India @75, had strongly recommended to…