Page 5 - Affordable Housing

Bengaluru realty market bucks trend to end 2019 on high note, says report

The increase in sales in East Bengaluru was also visible in the unsold inventory

Budget 2020: FM Sitharaman's sops to boost affordable housing projects

Rs 1.5 lakh benefit on interest paid on affordable housing loans extended by a year; Tax holiday for developers; industry hails initiatives

MRG World to invest Rs 200 cr to build another affordable housing project

The project would entail an investment of Rs 200 crore, which will be met by internal accruals and the proceeds from sale.

SBI, KfW sign $277 mn agreement for energy-efficient housing programme

In addition to the $277 million dollar loan facility, KfW will also extend a grant of 1.5 million euros to SBI as a technical assistance package.

Maharashtra govt may merge infra bodies to push affordable housing projects

Bodies like MHADA, SRA may be merged into a single entity to expedite low-cost housing projects in the city

Bandhan Bank eyes big role in affordable housing finance segment

The bank is expecting that a little less than 50% of its portfolio will be dominated by affordable housing loans in the next 3 to 5 years.

Premium realty players flock to affordable housing as prices rationalise

Brigade Group, which has built luxury homes and villas, announced its entry into affordable housing last year

Despite stalled projects, India ranks second in number of affordable homes

According to the survey, China tops the list with 74% of polled Chinese saying they can buy homes

HDFC Capital Advisors looks to raise $1 billion in affordable housing fund

HDFC Capital Advisors guides HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) and H-CARE 2, in which ADIA is an anchor investor

Rs 10,000 crore window to extend funding to stranded housing projects: FM

The fund will be managed by professionals, the finance minister added

More than 4 lakh unsold apartments in 9 cites, estimates brokerage firm

PropTiger says the apartments in the affordable sector should be cleared quickly after govt raised income tax exemption limit.

From price hikes to tax sops: How Union Budget 2019 will impact you

While fuel and gold are set to get more expensive, the Budget proposes tax sops on affordable housing and electric vehicle loans

PNB Housing Finance raises $100 mn from IFC for affordable housing projects

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route

New deduction on affordable homes benefits loans with longer tenures

Joint owners would not be able to get the additional tax deduction due to caveats

Budget to encourage more launches in affordable housing segment

Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh

Budget 2019: Sitharaman's sops to push affordable housing, housing sales

Experts added that the interest exemption upto Rs 3.5 lakh for affordable housing would help boost residential sales

Govt to build 19 mn houses with LPG, electricity & toilets: Budget 2019

The minister further said that by 2022, every single rural family except those who are unwilling to take the connection will have an electricity and a clean cooking facility.

Will leave no stone unturned to fulfil 'housing for all' dream: PM Modi

Modi had launched the Pradhan Mantri Awas Yojana (PMAY) to provide affordable housing to the urban poor

These 3 cities offer 10 useful affordable housing lessons to the world

Affordable home ownership bears no resemblance to the current market in which the median unit price is well over $700,000

Why Modi govt's plan to build 10 million houses by 2022 is a tall order

The real estate sector has been in the doldrums due to a sluggish demand for premium properties