Tag: Low Cost Housing

The Bengal Urban Land Policy Seeks 30% Reservation for Low-Cost Housing

The promise of Ma, Mati, and Manush governance by Mamata Banerjee may fall short of the second M-word, meaning land — at least for real estate developers in the state’s capital city. For, the West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976, […]

Impact of Budget 2012 on Mumbai’s Real Estate.

The extension of 1% interest subvention scheme on housing loans up to Rs 15 lakh wherein the cost of the house does not exceed Rs 25 lakh, for another year will also help sustain demand for affordable housing in Mumbai. The increased allocation for highways and other infrastructure projects will help boost development of Mumbai’s […]

Premium charges for small houses reduced

The Pune Municipal Corporation has announced 50% reduction in premium charges for small housing units. Municipal commissioner Mr. Pravinsinh Pardeshi said that to promote low cost housing, we have decided to offer 50% reduction in premium charges for housing units with an area of less than 50 square meter. For units with area between fifty […]

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 […]

Red Fort Will Develop Projects In Tier I And II Cities

Private equity real estate firm, Red Fort Capital, is planning to invest Rs 3,500 crore in various real estate projects in the country. “We will be investing Rs 3,500 crore in various real estate projects in different parts of the country during the next two-and-a half years,” the company’s Director, Parry Singh, said. The company […]