CIDCO PLAN Board has approved construction of affordable homes in Navi Mumbai, to be made available through lottery In a move that will bring MUMBAI: relief to home buyers in Navi Mumbai, the City and Industrial Development Corporation is planning to build 8,684 affordable houses in the area. The houses will be made available [...]
Continue reading...Monday, June 6, 2011
SPACE CRUNCH Court tells housing board to return money it charged Borivli resident for non-existent space The Maharashtra Housing and Area Development Authority (Mhada), the state housing authority that builds affordable homes, will have to return Rs1.18 lakh to one of its flat purchasers for selling him a flat that is 68 [...]
Continue reading...Wednesday, June 1, 2011
AFFORDABLE HOMES Lottery draw likely to be held in November next year IN THE PAST FOUR YEARS, THE MHADA HAS HELD LOTTERY DRAWS FOR A TOTAL OF 12,216 HOUSES Don’t despair if you are not among the lucky ones to be allotted an affordable flat from the Maharashtra Housing and Area [...]
Continue reading...Tuesday, October 12, 2010
In a major boost for mass housing, Tata Housing on Monday announced the launch of its new residential project, comprising 4,000 apartments, about 1.5 km from Vasind railway station on the Central Line. Of the total number of homes, about 1,250 flats will be in the low-cost category in its Shubh Griha brand that will be [...]
Continue reading...Saturday, July 24, 2010
A new class of high-end apartments is redefining the word ‘luxury’ with builders now talking about beauty parlours and bowling alleys, private cinema halls and personal swimming pools in ’smart homes’. Vivek Shukla takes you on a tour At a time when talking and taking up the cause of affordable homes has become a trend, luxury housing [...]
Continue reading...Saturday, May 29, 2010
affordability’ scenario in some of the Tier-III cities of Punjab and Haryana With the realty sector showing signs of recovery the property prices in the tier -III cities of Punjab and Haryana are once again heading north. And, experts feel, the time is right for the end-user to assess the market scenario, especially the affordable housing [...]
Continue reading...Friday, May 7, 2010
If you visit Sector 76 (an upcoming area) in Noida on a weekend, you will recall a scene from the Boman Irani-starrer, Khosla Ka Ghosla — real estate brokers in small makeshift offices camping on the road, with fenced plots filling the backdrop. A drive down on the Noida-Greater Noida Expressway offers a similar view. Noida-Greater [...]
Continue reading...Friday, April 30, 2010
Tata Housing today said it planned to extend its low-cost ‘Shubha Griha’ housing project to another three or four cities this financial year. Last year, it had launched the project, which offers a single room and kitchen set for Rs 3.9 lakh each, at Bohisar, 10 km from Mumbai. However, the cost for the coming round [...]
Continue reading...Friday, April 9, 2010
State governments have drawn up several schemes for low-income housing, but private initiatives have been limited Ramesh Ramanathan, who runs the non-profit organisation Janaagraha, on Thursday launched his maiden low-cost housing venture in the industrial town of Attibele, about 35km from Bangalore. His firm Janaadhar Constructions Pvt. Ltd will build more than 500 homes priced at less [...]
Continue reading...Wednesday, March 10, 2010
Rising inflation and overall price increase of raw materials and services are pushing property rates north in key markets, making affordable homes unaffordable. Following a series of stimulus packages and the economic revival, developers have jacked up property prices by 10 to 35 per cent in the last few months. “We have increased prices from Rs 3,999 [...]
Continue reading...Wednesday, February 24, 2010
A key priority in the wish list is extension of Section 80-IB (10) of the Income-tax (I-T) Act, which gives a tax break to companies building affordable homes The growth in demand and sales volumes in the realty sector seen about six months ago is now slowing. Several developers in metros have increased residential property prices [...]
Continue reading...Friday, February 19, 2010
REALTY SOARS State’s green panel gives nod to new projects in city’s outskirts Projects offering affordable rental homes on Mumbai’s outskirts are back on track. The Mumbai Metropolitan Region Development Autho- rity’s (MMRDA) rental housing schemes have taken off with four of its biggest projects get- ting an approval from the state’s green panel. The State Expert Appraisal [...]
Continue reading...Tuesday, January 5, 2010
HOUSE GROUSE No environmental clearance, says state body, till sewage facilities are in place It will be a while before anyone can rent affordable homes in the city’s far-flung suburbs. Mumbai Metropolitan Region Development Authority (MMRDA) rental housing scheme to build 5 lakh affordable homes, has hit a roadblock even before actual construction can take off. The [...]
Continue reading...Monday, November 30, 2009
After the euphoria, “affordable” realty developers are faced with the reality of excesses. Consider this: In May this year, property developer Jaypee Greens put the sold-out sign within hours of launching its affordable project Aman on the Greater Noida expressway. The 3,000-odd apartments were priced at Rs 2,100 per square feet. Another Jaypee Group company, which [...]
Continue reading...Saturday, November 21, 2009
Affordable Homes is an emerging segment in Chennai. But are they really affordable? If so, what makes them affordable? Radhika Ramaswamy finds out… If you are looking to buy a house anywhere across the city, you would be quite familiar with the plethora of advertisements and brochures that promise to provide affordable housing - the [...]
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Tuesday, September 13, 2011
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