Browsing Tag

Affordable housing

123 posts
MMR

MMR Housing Market Overview: Q3 2024 Shows Mixed Trends in Launches and Sales

The Q3 2024 housing market overview for the Mumbai Metropolitan Region (MMR) reveals significant declines in both new launches and sales, with approximately 29,600 units launched—an 18% year-over-year decrease. Despite a challenging environment, affordable and mid-range segments continue to attract buyer interest, highlighting evolving trends in the region’s real estate landscape.
Bengaluru

53% of Affordable Housing Buyers Unhappy with Available Options

According to the ANAROCK-FICCI Homebuyer Sentiment Survey for H1 2024, 53% of affordable housing buyers in India are unhappy with available options, citing issues like poor project location and low construction quality. As demand for larger homes grows, with 51% preferring 3BHK units, interest in affordable housing continues to decline. The survey also shows a significant shift towards premium and luxury homes, indicating changing buyer preferences in the current market.
fractional ownership

Survey Reveals 57% of Investors Favor Steady Rental Yields in Fractional Real Estate Ownership

A survey conducted by Fracspace found that 57% of investors prioritize steady rental yields in fractional real estate ownership, reflecting a shift towards affordable and flexible investment options. The results reveal that middle-class investors are increasingly drawn to co-ownership models for their potential financial security and ease of management.
CA Shailesh Dedhia, BJP Mumbai Professional Cell President, has urged PM Modi to repeal the probate requirement affecting only certain communities in Mumbai, Kolkata, and Chennai.

Maharashtra Government Allocates ₹8,100 Crore for PMAY (Urban) 2.0

The Maharashtra government has announced an allocation of ₹8,100 crore for the implementation of Pradhan Mantri Awas Yojana (Urban) 2.0. This initiative aims to provide affordable housing to urban residents, offering financial subsidies to eligible homebuyers. To qualify, applicants must not own any residential property in the country
CIDCO

CIDCO Receives 12,000 Applications for Its Lottery in 24 Hours

CIDCO’s “My Preferred CIDCO Home” scheme has seen an unprecedented response, with 12,400 applications submitted in the first 24 hours. Designed for Economically Weaker Sections and Low-Income Groups, this initiative offers a total of 67,000 homes in Navi Mumbai, highlighting the public’s confidence in CIDCO’s housing projects. Registration is open until November 11.