Transmission of rate cuts to home buyers seen as crucial; more steps needed to enhance liquidity for better-placed NBFCs and HFCs The real estate sector has welcomed the Reserve Bank of India (RBI)’s decision to reduce the repo rate — the rate at which it lends to commercial banks — by 35 basis points to 5.4…
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Homebuyers are inundated with good news. Earlier this month, the budget proposed an additional deduction of ₹1.5 lakh on interest paid on loans for affordable housing priced up to ₹45 lakh. Last week, the State Bank of India reduced its marginal cost of lending rate (MCLR) by 5 basis points across all tenures. By themselves,…
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PNB Housing Finance has raised $100 million (Rs 690 crore) from the International Finance Corporation, for providing small and medium ticket housing loans. Official data suggests that India needs to build 11 million homes in the affordable housing segment. Nearly 50 million people do not have adequate housing. “To support the Indian government’s vision of…
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The national highways body has granted a Letter of Acceptance to a contractor to start work on the 4.5-km stretch from Dwarka Sector 21 underpass to the Haryana border WORK HAS BEEN DELAYED BY NEARLY 2 YEARS BECAUSE OF THE DELHI GOVT’S RESERVATIONS OVER CUTTING TREES IN THE FORESTED AREA After the Delhi government’s approval…
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Objective of this portal is to promote affordable housing scheme launched by Central govt of India to provide housing for all by 2022 under Pradhan Mantri Awas Yojana and Deen Dayal Awas Yojna scheme. Home Buyers can search and get information on affordable Housing projects in Gurgaon, Sohna, Faridabad and other cities of Haryana.
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