Latest Articles in affordable housing
Envisaging Affordable Green Living
“We have already found solution which is suitable for smart homes or green homes, so we got invited by the United Nations for presenting one of our solutions. We give such an affordable segment that India needs as in just 6 lakhs you can prepare a house as there is around 30%-40% of the people shifting to urban places”, asserts Vamsi Krishna Gaddam, Joint Managing Director, Visaka Industries in a conversation with Sakshi Madaan, of BW SmartCities. Excerpts below:
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Student Housing – Next Step in Real Estate Evolution
Today, most Indian college students (80 percent) live off campus, which poses a challenge for academic institutes \ universities who want to blend academics with student life, and create more opportunities for students to collaborate and learn from each other.
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Government approves construction of 1,86,777 affordable houses for Urban Poor
RS.11,169 crore investment approved with central assistance of Rs.2,797 Crore. Haryana Gets 53,290 houses, Tamil Nadu-40,623, Karnataka-32,656, Gujarat-15,584, Maharashtra-12,123, Bihar-11,411, Kerala-9,461, Uttarakhand-6,226, Odisha-5,133
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Govt grants Infra status to affordable housing to ensure lower borrowing rates.
The move has been taken to ensure lower borrowing rates, tax concessions & increased flow of foreign & private capital, said Minister of State of Housing & Urban Affairs Hardeep Singh Puri on Monday..
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“Housing for All by 2022” gets a boost with dedicated affordable housing fund
Going forward we would like the Government to look into pressing issues that have been highlighted by industry bodies at regular intervals. GST and stamp duty issues must be addressed at the earliest.
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Ahead of the election year, a pro-people budget with development agenda
Whether there will be on-ground action in renewal and development of cities, uptake of infrastructure funds, implementation of railway safety initiatives, or development of industrial corridors, in absence of a follow on mechanism, is yet to be seen.
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Affordable Housing: The Game Gets Real
Skyrocketing property prices, land saturation and subdued demand for mid-range homes in the tier I cities have led buyers and investors to explore more cost-effective markets in non-metro (Tier II & III) and suburb cities.
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Kerala to conduct survey of urban homeless
The 'Shelter for Urban Homeless' scheme is being implemented as part of the National Urban Livelihood Mission and Kudumbashree is the nodal agency of the programme in the state
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The Second Homes Market Post Demonetization
The trend of buying second homes or vacation homes saw an upswing.
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Is GST Bad News For Homebuyers And Renters?
Once GST comes into effect from July, the leasing of land and buildings - as well as home loan EMIs paid by those who purchase under-construction apartments - will attract the applicable tax rate. Depending upon the tax rate that gets announced for real estate, the effect could be higher or lower than today.
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