CREDAI's push for a 15 percent income tax rate on affordable housing projects is to make it more financially feasible for developers to build low-cost homes.
The Modi government has introduced PMAY-U 2.0 to make housing more affordable under the vision of "Housing for All." Beneficiaries can avail of a 4 per cent subsidy on home loans up to Rs 8 lakh for properties priced under Rs 35 lakh.
Eknath Shinde, who holds the housing and urban development department directed the officials to clear impediments in the redevelopment of housing projects in Mumbai which have been stuck for various reasons.
Canadian PM Justin Trudeau is under heavy pressure due to the high cost of living and a housing crisis fuelled by a spike in the arrival of international students and workers. He had recently announced a major cut in temporary foreign workers, sparking mass protests.
Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024-25, focusing mainly on employment and rural development. The budget highlight nine key priorities ranging from agriculture, manufacturing, infrastructure, energy security to next-generation reforms.
Union Finance Minister Nirmala Sitharaman proposed an allocation of Rs 2.2 lakh crore for urban housing, along with a Rs 10 lakh crore interest subsidy scheme in the flagship Pradhan Mantri Awas Yojana (PMAY) scheme.
British Columbia's Post-Secondary Education Minister Selina Robinson said the step was required to improve the state of education in schools. This came after Canada imposed a temporary, two-year cap on student visas, which will result in the issue of about 3,64,000 visas in 2024.
Canada's Immigration Minister Marc Miller announced that there will be a 35 per cent reduction in new study visas in 2024 after PM Justin Trudeau's declining popularity over the housing crisis. A majority of international students in Canada come from India, with China in second place.
Housing demand remained robust, with over 19,050 RERA registrations observed nationwide, primarily dominated by 45 per cent of projects falling within the residential segment, said the report.
Innovations of smart city projects running in 100 cities across the country will be shared during the conference and cities that are performing excellently will also be awarded.
In contrast, gross office space leasing increased 3 per cent to 26.1 million square feet from 25.3 million square feet.
Union Finance Minister Nirmala Sitharaman on Thursday addressed the concerns of the migrant workers amid the ongoing coronavirus crisis in India. Announcing the second tranche of the Rs 20 lakh crore package, the finance minister said that the government will launch a scheme under PMAY for migrant workers, urban poor to provide ease of living at an affordable rent.
India ranks 47th in the world in terms of appreciation in housing prices as rates grew by only 0.6 per cent during July-September quarter over the year-ago period on slow demand, global property consultant Knight Frank said.
Housing sales in the national capital region went up by 6 per cent to 46,920 units during 2019 on higher demand for affordable homes and completed flats, according to property consultant Anarock.
Maharashtra and Delhi NCR saw a significant decline in new launches of residential units owing to a slowdown in the real estate sector, a survey said. According to the survey by data analytics firm PropEquity, cities like Mumbai, Thane, Pune, Gurgaon and Noida saw a sharp decline in new launches as compared to third quarter of 2018 as well as second quarter of 2019.
Noida Extension has emerged as the most searched housing locality in India followed by Mumbai's Mira Road and Pune's Wakad. Affordability, availability and connectivity were factors that played key role in these localities standing out.
The magnitude of the country's real estate sector's dark reality can be gauged from the fact that around 1.74 lakh homes in 220 projects across the top seven cities in the country are completely stalled, as per the data from Anarock Property Consultants.
During the January-June period of 2018, sales were recorded at 72,438 units. Compared to the previous six months of July-August 2018, the sales in the first half of 2019 rose by 8 percent, according to JLL's half-yearly report.
In a letter to the minister with Budget recommendations, the home buyers' association noted that despite the implementation of the Real Estate (Regulation and Development) Act and setting up of Real Estate Regulatory Autorities, several stalled projects have not been completed.
The Union Housing and Urban Affairs Ministry Tuesday alleged that the AAP government has not sent any proposal under the Centre's Pradhan Mantri Awas Yojana (Urban) to construct houses in Delhi.
Top News
Latest News
