Page 2 - Affordable Housing Projects
Sitharaman gives further push to affordable housing projects in Budget 2021
Sitharaman proposed to extend the Rs 1.5 lakh benefit on interest paid on affordable housing loans by one year to March 31, 2022. Last year this was extended by a year to March 2021 from March 2020
 "Sitharaman gives further push to affordable housing projects in Budget 2021")
IFC and its fund to invest $76 mn in Puravankara affordable housing
Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years
 "IFC and its fund to invest $76 mn in Puravankara affordable housing")
Property developers give up profit margins for sales volume: Analysts
Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market
 "Property developers give up profit margins for sales volume: Analysts")
LIC Housing Finance biz back to pre-Covid levels: MD Siddhartha Mohanty
The business done by the company in September is not only better than the previous year but also the best for the company in the same period, he said.
 "LIC Housing Finance biz back to pre-Covid levels: MD Siddhartha Mohanty")
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
 "Budget 2020: FM Sitharaman's sops to boost affordable housing projects")
State Bank to provide guarantee to homebuyers on completion of projects
This cover will be for SBI funded residential projects and those availing home loan for SBI
 "State Bank to provide guarantee to homebuyers on completion of projects")
Homebuyers body cheers govt's realty push, demands fund transparency
The move is likely to help 4.59 lakh housing units across the country. Only RERA-registered projects with positive networth will be provided funds.
 "Homebuyers body cheers govt's realty push, demands fund transparency")
UP RERA summons promoters of 22 projects in NCR over possession delay
Under Section 63 of the RERA Act, if the replies are deemed to be inappropriate then penalty of 5 per cent of the total project cost will be levied on them
 "UP RERA summons promoters of 22 projects in NCR over possession delay")
Uniform rules across India will boost affordable housing: Anita Arjundas
Last month, the government had said the goods and services tax (GST) would be reduced from 12 per cent to eight per cent for low-cost housing
 "Uniform rules across India will boost affordable housing: Anita Arjundas")
IIFL plans to raise cash from offshore investors
There is increasing interest from foreign and domestic firms in the affordable housing segment
 "IIFL plans to raise cash from offshore investors")
