Tag Archives: Affordable Housing

Jaypee Greens Sports City announced in Greater Noida

Photo by Carlos Lorenzo
Jaiprakash Associates (Jaypee Greens) have announced the launch of their new project “Jaypee Greens Sports City”, a luxury township with residential and sports facilities, near the Taj Expressway (connecting Greater Noida to Agra). “The Sports City is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational facilities,” [...]

PE invite into housing sector in the works

The government is preparing guidelines for the participation of PE funds in housing sector under the Rajiv Gandhi Awaas Yojana. The scheme aims to make a slum-free India in five years with construction of over 10 lakh houses.
The government wants to connect with private funds to provide affordable housing to millions of households under the [...]

Home owner may add extra floors

The ministry of housing is considering a proposal that may allow home owners to add extra floor beyond prevailing norms on their existing properties by paying a fee to the local body. The money will be used for providing affordable housing to the economically weaker section. The proposal is based on the recommendations of the [...]

Affordable housing in India is not sub-prime

Thanks to a variety of witty presentations explaining financial woes afflicting the US via e-mails, everyone today is an “expert” on sub-prime;everyone is risk-averse and everyone who is not affluent is seen as “high risk” and deemed by most as “sub-prime.”
But, there are fundamental differences, both in the economic situation and the customer segment that [...]

Rising demand for affordable homes

Property prices within the metropolitan areas of Delhi, Bombay, Hyderabad and Bangalore have seen massive growth in recent years and prices in some areas are considered
to be excessive. But, outside this golden circle, in cities such as Mohali in the foothills of the Himalayas and in the boom town of Rudrapur, in neighbouring Uttar Pradesh, [...]

Unitech sounds out PEs to sell hotel properties

Unitech, the country’s second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon [...]

Realtors shift focus to budget housing

Declining sales, high interest rates, paucity of funds and global economic slowdown have badly impacted the real estate sector which is witnessing not only sudden slump in demand but also is at the receiving end in the stock market.
Freebies in the shape of luxury sedans, offers of foreign trips, 15%-20% discount or deferred payments have [...]

FIRE Capital To Invest In Affordable Housing

As affordable housing is becoming the new mantra for real estate developers, the concept is attracting a lot of attention from the real estate funds fraternity. The $250-million First Indian Real Estate (FIRE) Capital Fund Ltd is making its first deal in the segment.
According to industry sources FIRE Capital is currently in the due diligence [...]

Real Estate Industry Predict Growth

Affected by slowdown and reported corrections in prices, the country’s real estate industry predict growth in the long term despite costly home loans and lack of funding for realty projects.
According to a most recent study by Ernst & Young and FICCI on the country’s real estate scenario, about 62% of the respondent developers expected [...]

Golden Gate Bets On Low-Cost Housing

Citigroup-backed Golden Gate Properties plans to invest close to Rs 2,000 crore over two years in affordable housing projects, a senior official said. The projects will be funded primarily through customer sales, apart from banks loans to the tune of Rs 500 and equity, Golden Gate managing director K Pratap said.
The Bangalore-based developer on Thursday [...]

Omaxe To Enter Into Mauritius Real Estate

After success into Dubai, real estate player Omaxe is all set to enter the Mauritian property market with a plan to develop a fifty acre residential project.
The Delhi-based company has identified a project of fifty acres and planning to develop a residential township there. The land for the township is probably to be provided by [...]

Deepak Parekh Proposes Real Estate Regulator

HDFC chairman Mr. Deepak Parekh has advocated the need for a real estate regulator in an attempt to protect the interest of property buyers in the country.
In his letter to HDFC shareholders, Mr. Parekh has written, “The real estate sector has been growing rapidly and is a sensitive sector given its strong inter-linkages to other [...]

Sharp Rise Is Possible In Mhada Flat Cost

The state housing board, Mhada decides to raise the rate of sale flats in its various projects by double. The main goal of Mhada was to provide housing at reasonable cost and now Madha puts forward the issue for increase the going rates of its flats by almost 90%. Earlier, flat price was [...]