RBI rate cut a boon for affordable housing investors
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The recent move by the Reserve Bank of India (RBI) in its annual Credit Policy has given some hope for investors in the affordable housing segment. This is being seen as a positive development for the overall property… Continue reading
Hyderabad 3rd most affordable office location in 2011: Study
NEW DELHI: Hyderabad has emerged as the world’s third most affordable office location in 2011 in a list prepared by global realty consultant DTZ, which has also named Chennai and Pune among the top five such positions.
According to DTZ’s… Continue reading
Govt permits ECBs for affordable housing projects
New Delhi: The government today allowed external commercial borrowings (ECBs) for low-cost affordable housing projects, to make available additional houses for the low-income groups in major cities and towns.
“In view of the shortage of housing for low-income groups in… Continue reading
Land bank shrinks, affordable housing project loses steam
Mumbai: The city seems to be losing out on its last chance at getting public housing at a time when the Maharashtra Housing and Area Development Authority (MHADA) is grappling with an alarming scarcity of land. The housing board
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HC directs Hiranandani to build affordable flats
Mumbai: The Bombay High Court today restrained the city-based Hiranandani Developers from carrying out any further development at its township in suburban Powai, until it provides flats for the weaker section of the society.
The division bench of Chief Justice… Continue reading
Affordable housing hit by land policies: Parekh
New Delhi: Faulty land policies are preventing development of affordable houses in urban areas, which are likely to witness huge demand for residential premises in the times to come, HDFC Chairman Deepak Parekh said today.
“In India land policies have… Continue reading
Govt issues notification for affordable housing in Maharashtra
Mumbai: The government has issued a notification making it mandatory for all projects on more than 2,000 sq m land to reserve 20 per cent of the plot or constructed space for smaller sized affordable housing.
The rule would be… Continue reading
Battered US housing more affordable than other English countries: study
: Would-be American home-buyers can take heart: U.S. housing is more affordable than in other English-speaking countries, according to a study of metropolitan areas around the world.
The median home price in the United States as a whole was three… Continue reading
‘Providing affordable housing to 70% population a challenge’
Mumbai: High-rise buildings with increased FSI will play a major role in solving the problem of affordable housing, leading Indian architect Hafeez Contractor said.
“The challenge before the construction industry was to provide affordable housing to 70 percent of the… Continue reading
Providing affordable housing is a challenge for construction industry: Contractor
Pune: Constro -2012, an exhibition on construction machinery, materials, methods and projects, was inaugurated by architect Hafeez Contractor on Thursday. The four-day exhibition is being held at Agriculture College grounds, Range Hill.
Speaking at the inauguration, Contractor said the challenge… Continue reading