All Posts in Category: Affordable Housing News

New Minimum Area Rule to allow More Projects

New Minimum Area Rule to allow More Projects

Small housing projects will soon offer options to investors looking to buy homes in plotted colonies and group housing societies in Gurugram and Faridabad. This is because the state government has reduced the minimum area norms for residential and industrial colonies. The move, developers say, will help revive the ailing real estate sector. As per…

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Residential Real Estate in India is set to Make a Comeback

Residential Real Estate in India is set to Make a Comeback

A historically robust and lucrative sector with an annual return of 20 percent (1991-2014), the Indian real estate market has witnessed a slowdown in the past few years. Lower than expected growth rate in the sector demanded new initiatives to facilitate a resurgence. RERA (Regulation and Development Act) and GST (Goods and Services Tax) are…

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MRG World to Invest Rs 200 crore in Gurugram Project

MRG World to Invest Rs 200 crore in Gurugram Project

MRG World will invest Rs 200 crore in a housing project-MRG World The Balcony, in sector-93, Gurugram. Rajat Goel, joint managing director of the company said “The entire investment would be met through internal accruals and customer advances. We will be launching five more projects this year in affordable segments under PMAY.” The total built-up…

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