Affordable Housing

The Airports Authority of India's (AAI) high-frequency radar at Dahisar in Mumbai will be relocated to Gorai, unlocking hundreds of acres of land for affordable housing projects in the area, Civil Aviation Minister K Rammohan Naidu has said. This decision was taken following a meeting between various stakeholders, including the Civil Aviation Ministry, the Maharashtra government and others. Addressing the meeting virtually, Naidu on Sunday said the Civil Aviation Ministry will seek cabinet approval for the relocation so that the construction work on such projects can start at the earliest. Radar installations at Dahisar and Juhu restrict building heights. On Saturday, Maharashtra Chief Minister Devendra Fadnavis told the legislative assembly that the state government had decided to shift high-frequency radar centres from Dahisar and Juhu to technically suitable alternative sites. Fadnavis said the Civil Aviation Ministry, the Union government, and the AAI had agreed to the shiftin

New flats, community centre & policies unveiled as Rajasthan govt marks two years in office

Despite policy boosts, land costs and lender parity issues are driving the sector off-script

Home prices in India are forecast to rise faster in 2025, driven by wealthy buyers, while a shortage of affordable homes pushes millions into costly rentals, a Reuters poll showed

GST Council has cut cement tax to 18% and reduced rates on key building materials, easing costs for developers and homebuyers. Experts say the move could revive affordable housing, fuel jobs

Demand for affordable housing projected to reach 30 mn units by 2030

Elara Capital flags scale challenges for the affordable housing sector, expects ROE to decline to 15-16 per cent from 18-20 per cent; check recommendations

Weaver Services secures $170 million from Lightspeed, Premji Invest, and Gaja Capital to drive asset acquisitions, tech innovation, and housing finance access in tier-2 and tier-3 cities

While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors

RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored

Ahmedabad is the most affordable housing market and Mumbai the least: Knight Frank

The Credai president said that while the size limits of 60 square meters for metro cities and 90 square meters for non-metro cities were generally acceptable, the price cap was deterring developers

An RHB official said these schemes will be launched in various districts, including Jaipur, Udaipur, Barmer, Kota and Hanumangarh

Luxury segment sees 24% surge in unsold units over robust supply, inventory pile-up

With public banks dominating the segment, RBI's revised PSL cap may push banks towards higher-ticket loans, as underwriting costs stay the same regardless of loan size or risk

Sales of affordable homes, costing less than Rs 50 lakh each, declined 9 per cent in January-March this year to 21,010 units across eight major cities due to high prices, elevated mortgage rates, and low supply, according to Knight Frank. Real estate consultant Knight Frank India data of primary residential market showed that sales in Rs 50 lakh to Rs 1 crore segment, too, fell 6 per cent to 26,832 units during the first quarter of this calendar year. "While sales in the higher ticket sizes have been driving market growth, those in the Rs 5-10 million (Rs 50-100 lakh) and less than Rs 5 million (Rs 50 lakh) categories have dropped by 6 per cent and 9 per cent year-on-year, respectively as homebuyers focus remained on the premium category during the quarter," the report said. "As high prices and elevated interest rates kept homebuyers away from the market in this price-sensitive segment, the lack of supply also played a significant role in curtailing sales volumes," the consultant ..

State-owned NBCC has signed an MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd to jointly undertake housing and urban development projects worth Rs 25,000 crore in Maharashtra. In a statement on Wednesday, NBCC said it has signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT). This collaboration aims to jointly undertake a wide range of consultancy, fee-based, EPC and redevelopment projects from concept to commissioning, it added. NBCC said it will be entering into redevelopment for the first time in Maharashtra after having great success in transforming the landscape of Delhi through this unique redevelopment model. Under this partnership, NBCC and MAHAPREIT will collaborate on key infrastructure projects in Maharashtra, including cluster development projects in Thane Municipal Corporation, data centres, renewable energy initiatives, slum rehabilitation projects in the Mumbai

Under Sabka Ghar Awaas Yojana, homes were offered at a 25 per cent discount to specific groups, including women, war widows, autorickshaw drivers, and street vendors

The primary objective for establishing 'Special Window' fund is to provide priority debt financing for completion of stalled housing projects that are in Affordable and Middle Income Housing sector

Under the SWAMIH Fund, 50,000 dwelling units in stressed housing projects have been completed, and keys handed over to homebuyers