In line with its policy to encourage low-cost housing projects, the government is considering allowing foreign direct investment (FDI) in such projects, subject to a host of conditions, including a

The CAG report on the Delhi Government’s target to construct a whopping 4 lakh low-cost housing units under Basic Services to the Urban Poor (BSUP) programme reveals how ill-prepared and ill-suited

Many developers have recently launched similar affordable home projects in the city

Godrej Properties Ltd. (GPL), the real estate development arm of the Godrej Group, launched an affordable housing scheme in their township project Godrej Garden City (GGC) in Ahmedabad. Five new towers, each ground plus 12 storeys tall, will offer affordable one bedroom-hall-kitchen apartments each measuring 600 square feet at prices starting from Rs 16.5 lacs.

Mumbai: The state government has decided to completely do away with charging premiums for Maharashtra Housing Area Development Authority (Mhada) redevelopment projects in lieu of extra floor space

Builders to be given sops, including waiver of fees

At a time when the property prices have skyrocketed in the urban areas, affordable housing may well be within the reach of the ‘aam aadmi’ in Haryana. In fact, with a view to attract the private builders to go in for affordable housing, the Hooda Government is set to launch its ambitious "Affordable Housing Policy-2013" to provide housing to the lower strata of society with an eye on the forthcoming parliamentary and the state Assembly elections next year.

City-based DBS Affordable Home Strategy Ltd. is set to create about 25,000 affordable home for the lower income groups in next five years, financial closure for which the developer has achieved with micro finance institutions and banks.

At a project cost of Rs 2,000 crore, DBS aims to achieve large scale mass production of houses that are affordable and financed through savings and credit systems that are accessible to the lower income groups and bottom half of the socio - economic pyramid in different parts of Ahmedabad.

New Delhi: Delhi Devlopment Authority (DDA) passed its budget for 2013-14 at an Authority meeting held on Tuesday with special focus on development of low-income housing in its sub-cities and maint

The new land pooling policy, which will encourage active involvement of the private sector, is likely to be tabled for approval at a meeting of the Delhi Development Authority (DDA) on Tuesday.

The ruling Bharatiya Janata Party in Gujarat had promised in its 2012 election manifesto that it will build 50 lakh low-cost houses at a cost of Rs.33,000 crore during the next five years, but the very first Budget of the newly-elected Narendra Modi Government has found just about Rs.4,000 crore for the purpose. By common arithmetic, at an average of Rs.4,000 crore a year the estimated allocation for the much-touted project has been slashed to Rs.20,000 crore in five years – as much as Rs.13,000 crore less.

“Though even Rs.33,000 crore is less to build that kind of housing infrastructure, the allocation of Rs.4,000 crore this financial year is peanuts,” points out Jayanti Dave, known Gujarat economist and veteran business journalist.

Lucknow: In what may bring relief to real estate developers, UP government has hinted at revising the policy in favour of developers for reserving certain percentage of units for weaker sections of