Absence of affordable rental housing in major cities led to mass exodus of migrants that had zero income during the lockdown
Category: Affordable Housing
In a big move, the government has announced the one-year extension of the CLSS scheme up to March 2021. This will help push demand for affordable housing.
Many NRIs settled in Europe, America and the Middle East who have bought real estate in India are considering refinancing their home loans.
The COVID-19 pandemic and coronavirus lockdown are all set to derail the growth momentum of affordable housing in 2020, reveals ANAROCK’s latest report.
According to ANAROCK-LIC’s Consumer Sentiment Survey – H2 2019, policy interventions like 25K Crore AIF, tax concessions have boosted homebuyer confidence.
Union Budget 2020-21 was a ‘make or break’ Budget for the Indian government with most sectors (including real estate) seeking concessions.
As the countdown to Union Budget 2020-21 begins, the recent Iran-US stand-off and rising oil prices may throw a spanner in the works.
Thanks to the government's PMAY (U) scheme, Uttar Pradesh, Gujarat and Andhra Pradesh had nearly 11.22 lakh homes completed by 2019-end.
Residential sales in H2 2019 plummeted 22% against H1 2019 while on yearly basis there was a marginal rise of 5% in entire 2019 compared to 2018.
Housing sales in Q3 2019 saw a quarterly decline of 20% across the top 7 cities - from 68,600 units in Q2 2019 to 55,080 units in Q3 2019.