Tag Archive | "affordable housing"
CMDA comes with New Guidelines to Meet Affordable Housing Demand
In a bid to create housing stock jointly with owners having large tracts of land and to meet the increasing demand for affordable housing in Chennai metropolitan area (CMA), the Chennai Metropolitan Development Authority (CMDA) has framed a new set of guidelines for implementation of the Public Private Partnership (PPP) scheme. The guidelines comes in the [...]
Continue reading...IFC in Discussion with Real Estate Developers to Create Large Affordable Housing Projects
Monday, August 23, 2010
The International Finance Corporation is in talks with several real estate developers to create large affordable housing projects in India. “IFC has been talking with everybody; there have been discussions with the Tatas and with other corporate groups on this,” said Mr Paolo Martelli, Director, South Asia, IFC. “Everybody” includes both real estate developers and [...]
Continue reading...Redevelopment order for 56 Mhada colonies
Thursday, August 19, 2010
Mhada has told residents of its 56 colonies to begin redevelopment at the earliest. It also decided that in case a society fails to obey, Mhada it self would step in and begin the process of redevelopment. AFFORDABLE HOUSING Diktat issued in order to create more low-cost homes The Maharashtra HousingandAreaDevelopment Authority(Mhada) has issued adiktattoresidents of its [...]
Continue reading...DLF may withdraw from affordable housing; net debt rises 25 pc
Thursday, July 29, 2010
Realty major DLF on Thursday said it may withdraw from the much-hyped affordable houses, stating low margins under the scheme are unattractive as the firm grapples with 25 per cent rise in net debt to Rs 18,463 crore. Talking to analysts, DLF Executive Director Saurabh Chawla said that along with other realty firms and associations, the [...]
Continue reading...Vasathi Housing and Infra Plan Affordable Housing in Hyderabad
Wednesday, July 14, 2010
Vasathi Housing and Infra has sewn up plans to invest about Rs 150 crore in setting up integrated affordable housing ventures in Hyderabad. Further, it is also planning to enter Bangalore and Chennai next year with similar projects. The Hyderabad-based company has recently secured funding worth about $5 million through a group of foreign investors led [...]
Continue reading...REVAMP OF 133 BRITISH-ERA CHAWLS TO GIVE CITY MORE FLATS
Wednesday, July 7, 2010
The city’s housing stock will rise significantly and residents of dilapidated buildings will get olive in better flats, following the two decisions announced by the state government on Tuesday. The state has asked the Brihanmumbai Municipal Corporation (BMC) to initiate the process forredevelopment of the erstwhile BritishImprovement Trust’s 133 chawls in south-central Mumbai. The state has appointed [...]
Continue reading...Real Estate, Quality control
Saturday, June 19, 2010
The affordable-housing war could tempt builders to compromise on quality. checks you must run before you buy a home One fallout of the affordable housing war is that some developers are getting tempted to compromise on quality to save money. As companies fall over each other to offer cheaper homes, and as hoardings and advertisements create [...]
Continue reading...Earth Infra to invest Rs 630 crore in Noida Extension Projects
Wednesday, June 16, 2010
Realty firm Earth Infrastructure Ltd has announced plans to invest Rs 630 crore for developing two projects in Greater Noida over the next two years. “We are developing two projects in Greater Noida — one is affordable housing and the other is an office building. The total cost to develop these projects would be Rs [...]
Continue reading...Affordable housing & Quality control
Saturday, June 12, 2010
The affordable-housing war could tempt builders to compromise on quality. checks you must run before you buy a home One fallout of the affordable-housing war is that some developers are getting tempted to compromise on quality to save money. As companies fall over each other to offer cheaper homes, and as hoardings and advertisements create [...]
Continue reading...Realty players bet big on homes for the senior citizens
Monday, June 7, 2010
Housing projects specially designed for senior citizens seem to be the flavour of the season with a string of them ready and more in the works, according to real estate developers. For instance, Rajiv Swagruha Corporation Limited, the affordable-housing wing of the state government, has an exclusive project for senior citizens at Bandlaguda on the city [...]
Continue reading...Omaxe to come up with low-cost housing project in Allahabad
Saturday, June 5, 2010
New Delhi-based realty firm Omaxe has announced plans to develop an affordable housing project in Allahabad with an expected sales realisation of over Rs 150 crore. The 20 acre project Naffhil Homes will be a part of 1,535 acre hi-tech city in Allahabad. The company would offer 920 flats at a price range of Rs [...]
Continue reading...Flats for poor not allotted, realty mafia moves in
Monday, May 10, 2010
Thousands of flats built in Bawana for the poor are ready but with allotment delays, they’re only serving the cause of greedy realtors The government, it appears, is out of touch with the reality of affordable housing. At a time when finding modest shelter even in a Delhi slum is a pipedream for many, thousands [...]
Continue reading...Affordable housing sells out in a flash in suburbs
Friday, April 9, 2010
The city is fast expanding, and proof of this is the fact that about 7,000 housing units are developed in Chennai Metropolitan Area (CMA) annually. More than 95% of them are promoted in the suburbs. Still, the city faces a shortage of more than one lakh houses. At least 50% of them are in the affordable [...]
Continue reading...Vision India Real Estate Plans Affordable Housing in Chennai
Thursday, April 8, 2010
Vision India Real Estate will make an investment of $100 to 200 million in the Chennai market over the next two years. According to Ilan Elad, Executive Director of the company, the focus will primarily be on the Rs.13 lakh to 27 lakh affordable housing segment. Insisting that India has a compelling growth story for [...]
Continue reading...Mumbai :5 lakh affordable flats in five years
Wednesday, April 7, 2010
HOMES FOR ALL Developer body, govt to build homes in Mumbai, Thane, Raigad If this project goes through, many who are unable to affordable housing in the metro due to steep real estate prices will be able to buy a home. The Maharashtra Chambers of Housing Industry (MCHI) a body of developers, on Tuesday announced that it [...]
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Friday, August 27, 2010
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