Affordable Houses

Luxury property frenzy set to drive up home prices in India: Poll

Ultra-high-net-worth individuals in India typically own more than two properties, with nearly 12% of them planning to buy another home this year, according to Knight Frank's wealth data

More Londoners buying homes miles away from capital for better money value

Over 25 per cent of households trading a London home for one outside the capital moved more than 100 miles away in the first half

Home prices to rise steadily, affordable housing to be scarce: Poll

Economic growth in India, Asia's third-largest economy is expected to continue outpacing its major peers

Too many unsold homes? China considering govt purchases to ease glut

Local state-owned enterprises would be asked to help purchase unsold homes from distressed developers at steep discounts using loans provided by state banks, according to two of the people

Share of affordable homes, priced up to Rs 45L, shrinks to 22% in Jan-Mar

Share of affordable homes -- priced up to Rs 45 lakh each -- in total housing sales more than halved to 22 per cent during January-March across top eight cities amid strong demand for luxury flats, according to PropTiger. Share of affordable homes in total housing sales stood at 48 per cent in the January-March period of 2023 calendar year. Housing brokerage firm PropTiger.com data showed that housing sales grew by 41 per cent to 1,20,640 units during January-March 2024 across top eight cities from 85,840 units in the corresponding period of the previous year. In the total sales of 1,20,640 units during January-March, the share of homes, priced less than Rs 25 lakh each, was 5 per cent. In the same period last year, the share of this low-cost housing category in total sales was 15 per cent. The share of homes, priced Rs 25-45 lakh each, was 17 per cent during January-March 2024 as against 23 per cent share in the corresponding period of the previous year. "There has been a remark

Interim Budget: 'Fiscally prudent, growth-promoting pronouncement'

The underlying nominal GDP growth assumption of 10.5 per cent for the Budget and tax collection estimates are realistic

Gadkari bats for small units, new technology to reduce prices of houses

Union Minister Nitin Gadkari on Friday said shifting focus from large size homes to small units, use of new technologies and construction methods as well as application of innovative construction material will significantly help in reducing the cost of homes. Addressing the 40th Annual General Meeting of the Confederation of Real Estate Developers of India (Credai) Pune Metro, he said there was need for decentralization from 'smart cities' to 'smart villages' that can be connected to cities with an efficient road network. A miniscule percentage of the country's people can afford houses with price tags of Rs 1 crore or more and the country's masses should be at the centre of approach to housing construction, a release quoted Gadkari as saying. He cited examples of how cost of construction for infrastructure projects was reduced by his ministry by applying innovative construction technology and materials, adding the same concepts can be extended to housing construction to reduce price

India house prices on track for steady rises, affordability to worsen

The outlook was more upbeat and stable compared with companion polls of property markets in developed economies, where house prices are expected to fall or stagnate after surging as much as 50%

Govt to launch scheme for affordable housing in cities, says PM Modi

Prime Minister Narendra Modi on Tuesday said the government will soon launch a scheme to provide relief in interest of bank loans to those dreaming of their own house in cities. Addressing the nation on the 77th Independence Day, Modi said his government will soon launch the scheme for middle-class families who live in cities but do not own a house. The prime minister said that poor people living in cities without a house face difficulties. "Middle-class families are dreaming of their own house in cities. We will soon launch a scheme for them. "We have decided to give relief in bank loan interest by providing a help of lakhs of rupees to families living in rented houses, unauthorised colonies and shanties in cities, to build their own house," Modi said from the ramparts of the Red Fort. There is already a housing scheme -- Pradhan Mantri Awas Yojana Urban (PMAY-U) -- for the urban poor. The prime minister launched the PMAY-U on June 25, 2015, to provide pucca houses with basic .

Free flats approved for 30 million underprivileged citizens: Hardeep Puri

He added that the government provided free ration to 7.4 million people in Delhi to deal with the food crisis during pandemic

Over 20 mn affordable houses to be built in three years, says govt

Lavasa says 1.2 crore units under the Pradhan Mantri Awas Yojana will entail an expenditure of Rs 1,85,069 cr in three years

27% jump in launch of affordable houses this year

More than 26,000 new units have been launched in 2017 so far

Govt readies model to use PSU surplus land for affordable housing projects

Durga Shankar Mishra said the government has set a target of Housing for All by 2022