Tag: housing

Hike in repo rate likely to impact affordable housing

The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.

September 30, 2022

Housing for All: Khattar directs for city-wise list of requirements

Chairing the department-wise review meeting on the work of budget announcements, the CM said officers of the Housing for All Department should complete all the work related to this at the earliest.

August 30, 2022

Housing challenges

The housing sector demands a high level of creativity. There is a lot to be done across a range of policy areas to improve the functioning of different aspects of our housing system.

May 20, 2022

Rising input costs raise Property rates 2-5% in Q12022

"The impact of the third Covid-19 wave was significantly lower than of the preceding two waves. The unrelenting appetite for homeownership amid the pandemic has coupled with a growing certainty of impending price rises to speed up housing sales velocity."

April 1, 2022

50% consumers prefer real estate for investment: says NAREDCO survey

 Housing.com & NAREDCO suggested that the government should hike tax rebates on housing loans’ interest rates, reduce Goods and Services Tax (GST) on construction materials, expand credit availability to small developers, and cut stamp duty to boost housing demand.

March 28, 2022

DDA launches special housing scheme 2021

As per the information provided by DDA on its official website, more than 18,000 flats are being offered at a discounted rate under the scheme

December 27, 2021

18,000 flats on offer under DDA housing scheme

A senior DDA official said that people can apply for the scheme till February 7.

December 23, 2021

DDA approves sale of 15,000 flats returned in past scheme

The flats under this scheme are those that remained unsold in previous housing schemes of DDA, and are being offered at the old rates or cost in relaxation of the costing policy of DDA, the Authority said in a statement.

November 25, 2021

Housing sales in June qtr jump y-o-y over 2-folds in 8 cities: ICRA

ICRA said that home-buyers have been leaning towards completed inventory and towards developers with an established track record of on-time

September 2, 2021

Govt ensuring home for all by 2022: PM Modi to Awas Yojana beneficiaries

This is the third in the series of video bridge interactions by the Prime Minister with various beneficiaries of government schemes.

June 5, 2018

UD dept gives a go-ahead for CLU

Considering the quick disposal of cases and to save time and money of the public, the Housing and Urban Development Department of Punjab has authorised the district town planners to give a go-ahead for Change of Land Use (CLU) and approve layout and building plans (outside municipal limits). Additional Chief Secretary, Vini Mahajan said the...

March 7, 2018

RERA makes registration fee must for builders

The Real Estate Regulatory Authority (RERA) in Punjab on Friday has made it clear that the builders are liable to pay registration fee for their projects including independent floors constructed on individual plots. In a Press statement issued, RERA has clarified to the promoters about the category in which projects for construction of villas or...

February 23, 2018

Silvassa tops Smart Cities challenge

Silvassa in Dadra and Nagar Haveli was adjudged the top city among the nine winning cities of Round Four of the National Smart Cities Challenge, Minister of State for Housing and Urban Affairs Hardeep Singh Puri announced here on Friday. The other eight cities are: Erode (Tamil Nadu), Diu (Daman and Diu), Biharsharif (Bihar), Bareilly...

January 20, 2018

Budget 2018: Opportunity to fulfil housing expectations of millions

The “Housing for All by 2022” mission has set the stage for a robust recovery in the residential property market. In the past two years, we have seen an unprecedented focus on reforms channelised through the Benami Transactions (Prohibition) Amendment Act 2016, demonetisation, Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST)...

January 17, 2018

Dark night for realty sector grows long

It was a year when India’s realty sector was shaken to its foundation. A majority of the big, medium and small realtors across the country suffered from a severe liquidity crunch, stalled projects, elusive investors and buyers and a near-blanket stay on new projects — especially in the lucrative commercial and luxury housing segments. How...

October 27, 2017

SBI opens new branch in Singapore

The State Bank of India (SBI) today opened its sixth branch in Singapore, extending its services in the country’s heartland. The new branch has come up in Ang Mo Kio area, which is popular for its housing estates. The SBI already operates branches in housing estates Marine Parade and the industrial estate of Jurong. It...

September 25, 2017

Alibaba enters China’s housing rental market

China’s e-commerce giant Alibaba has signed an agreement with its home city government in Zhejiang province to use the company’s technology to create an online system for house rentals. The system will cover apartments put up for rent from all sources — the government, individuals, real estate developers and agents, according to the agreement signed...

August 12, 2017