Housing

Thursday, Apr 25, 2024 | Last Update : 12:58 PM IST

Homebuyers are advised to reach out to their respective lending institutions to seek necessary guidance for additional borrowing or revival of their existing home loans within the existing legal and regulatory framework and standard board approved policies of the lending institutions, said the frequently asked questions (FAQs) issued by the finance ministry in this regard. (Representational image)

Rs 25,000-cr fund not for projects with cases pending in higher courts: Govt

Homebuyers can approach banks for loan revival, advised the Governmant.

07 Nov 2019 5:52 PM

Announcing the decision, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in this alternative investment fund (AIF) while SBI and LIC would provide Rs 15,000 crore, taking the total size to Rs 25,000 crore. (Photo: File)

Cabinet approves Rs 25,000 crore fund for stalled housing projects

The fund will finance 1,600 stalled housing projects comprising 4.58 lakh housing units across India, said FM Sitharaman.

06 Nov 2019 8:34 PM

Housing sales dropped 22 per cent in Mumbai to 5,063 units from 6,491 units, followed by Hyderabad that saw 16 per cent decline.

Housing sales drops 9.5 pc in July-Sep across 9 cities: report

Sales in Bengaluru, too, went down by 9 per cent to 9,843 units from 10,816 units.

04 Nov 2019 10:32 AM

Anarock said a total of 4 lakh units in projects launched in 2013 or before are stuck or delayed across various segments, excluding NCLT projects. (Photo: AP)

Govt's fund will help complete up to 2.5 lakh housing units

The current fund allocated when fully utilised would aid in completing about 1.6 lakh units.

17 Sep 2019 2:53 PM

Sitharaman also said the interest rate on housing building advance will be lowered and linked to the 10-year G-sec yields.

Government announces steps to boost housing, facilitate homebuyers

This window will help in completion of affordable and middle income housing projects.

14 Sep 2019 4:11 PM

Finance Minister Nirmala Sitharaman had already held consultations with various stakeholders, including industry, banks, homebuyers, real estate players and capital market participants, to firm up steps that could be taken to deal with problems being faced by them. (Representational image)

FinMin mulls stress fund for infra sector: Housing Secretary Mishra

As my information, the discussion for stress fund is on in the Finance Ministry, said Housing Secretary Durga Shanker Mishra.

19 Aug 2019 6:55 PM

By 2030, residential real estate has the potential to almost double from the current stock of 1.5 million units in key cities, the report said. (Representational Image)

India's real estate sector on growth trajectory: CREDAI-CBRE report

The report estimated that office space stock will touch one billion sq ft by 2030.

11 Aug 2019 2:24 PM

Liquidity has been a major concern for the real estate sector, which the government has tried to address to a certain extent in this Budget, said NAREDCO President Niranjan Hiranandani. (Representational image)

Budget 2019: Tax deduction on home loan interest to boost housing demand: realtors

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.

05 Jul 2019 7:17 PM

Prime Minister Narendra Modi on Tuesday said his government is committed to further improving urban infrastructure and will leave no stone unturned to fulfil the dream of housing for all. (Photo: File)

We are committed to further improving urban infrastructure: PM Modi

Modi had launched the Pradhan Mantri Awas Yojana (PMAY) to provide affordable housing to the urban poor.

25 Jun 2019 11:41 AM

Explaining the provision, AMRG & Associates Partner Rajat Mohan said builders opting for lower rate of taxes with effect from April 1 would have to recalculate eligible tax credit since the inception of GST based on the proportion of residential to commercial carpet area, sold to unsold units and invoiced to un-invoiced amount. (Representational Image)

Realtors have time till May 10 to opt for old GST rates

CBIC has issued a notification giving real estate companies a one-time option to choose either of the tax rates.

02 Apr 2019 7:50 PM

The ministry is also mandated to implement a number of flagship programmes - Swachh Bharat Mission, PMAY (U), Smart City Mission, National Heritage City Development and Augmentation Yojana (HRIDAY), Atal Mission for Rejuvenation and Urban Transformation (AMRUT) among others. (Photo: File)

Govt plans to sanction one crore houses before 2020

An official of ministry said that since April 2018 alone, 1,612 cities have been declared as open defecation free.

29 Dec 2018 4:40 PM

When small is beautiful

As the housing industry is not as buoyant as it used to be, builders are willing to move mountains to retain buyers.

11 Jun 2018 5:41 AM

Vermont Gov. Phil Scott has signed a bill that will pay those new residents up to $10k in an effort to attract younger people to the state. (Photo: Pixabay)

Vermont to pay up to $10K to new residents who work remotely

The state would award grants on first-come, first-served basis.

02 Jun 2018 3:01 PM

The excess spaces, which are called ‘tidbit’ plots, are small plots adjoining buildings.

Government nod needed to develop Mhada bldgs’ excess spaces

The redevelopment process has been stuck since eight years, as no developer was interested in the project.

23 Mar 2018 7:16 AM

The AI politician can answer a person’s queries regarding local issues. (Photo: Pixabay)

World's first AI politician developed

The virtual politician, called SAM, was created by Nick Gerritsen, an entrepreneur in New Zealand.

27 Nov 2017 1:56 PM

'20L houses for urban poor cleared under PM Awas Yojna'

Scale of housing activity has picked up in three years of Narendra Modi govt.

19 Jun 2017 2:30 PM

Flat, apartment maintenance to cost more under GST

Once GST comes in, existing rate of 15.55 per cent on maintenance charges will be replaced by 18 per cent.

25 May 2017 3:25 PM

How new Real Estate Act makes home buyer a king

Govt has described implementation of consumer-centric act as beginning of an era where consumer is king.

01 May 2017 1:33 PM

Realty bites: builders are sitting on huge stockpile of unsold houses.

Mumbai home buyers, here is good news for you

Builders who are sitting on hughe stockpile of unsold houses offering some 15-20 per cent discounts.

03 Apr 2017 2:58 PM

There is a huge demand for affordable housing loans.

Home loan interest too high for Indian buyers: study

There is significant demand for affordable housing amongst younger 25-44 age groups in smaller towns.

30 Mar 2017 5:15 PM

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Dilip Cherian

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