Page 6 - Affordable Housing

Ahmedabad, Pune, Chennai most affordable housing markets of 2020: Report

The latest affordability index of Knight Frank India cited Ahmedabad as the most affordable housing market in the country with an affordability ratio of 24% followed by Pune and Chennai

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

Bengaluru to Delhi: Demand for premium homes drives residential sales in Q2

In Mumbai, reduced stamp duty and low interest rates get customers interested in property

HDFC clears Rs 47,000 cr loans to 200,000 home buyers under subsidy scheme

These homebuyers belong to the Economically Weaker Section, Low Income Group and Middle Income Groups, HDFC said in a statement

81 stalled housing projects approved for funding under special window

They will collectively be able to complete 60,000 houses with Rs 8,767 cr investment

Affordable housing demand may get back to normal by Jan: Aadhar Housing CEO

The housing finance company posted a net profit of Rs 189.38 crore in FY20, up 16.6 per cent from Rs 162.37 crore in the previous fiscal year

Godrej Properties, DLF, Sobha: Trading strategies for realty counters

Realty stocks are trading mixed at the bourses on Thursday. While Unitech, HDIL, NBCC and DLF lost ground, Indiabulls Real Esate, Brigade Enterprises, Ansal Properties and Oberoi Realty gained ground

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