Page 6 - Affordable Housing

Affordable housing to free foodgrains, Cabinet approves key announcements

The Cabinet also approved the Centre's increased contribution for both employees and employers share (to 12 per cent from 10 per cent) under the Employees' Provident Fund for another 3 months

Housing for workers

Affordable accommodation for casual labourers has become a must

Karnataka to slash stamp duty on new apartments costing up to Rs 35 lakh

The Chief Minister directed that the stamp duty be cut from the existing five per cent to two per cent on apartments costing less than Rs 20 lakh, getting registered for the first time

Subsidy extension to spur demand for affordable housing, say experts

The scheme, which has been extended to March 2021, offers interest subsidy of 3-4% to middle-income groups, depending on their income levels

Covid-19 to derail affordable housing segment's growth momentum: Report

As on Q1 2020 end, there are more than 2.34 lakh unsold affordable homes in the top seven cities

Top headlines: Debt schemes see worst outflow, govt to map migrants

Business Standard brings you top headlines of the day

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