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Affordable housing to be growth driver for housing finance market Affordable housing to be growth driver for housing finance market

Domestic rating agency Icra on Wednesday said affordable housing segment is likely to grow over 30 percent over the medium term and will be the key growth driver for the mortgage finance market.

Details of newly launched housing scheme for MIG category out! Your first home loan to cost Rs 2.35 lakh less Details of newly launched housing scheme for MIG category out! Your first home loan to cost Rs 2.35 lakh less

Under the guidelines for CLSS (MIG), interest subsidy will be provided on loans for construction/acquisition of house with carpet area of 90 square meters by those earning Rs 12 lakh per annum and of 110 square meters by those earning Rs 18 lakh per year.

4 Indian cities among cheapest to live in globally: Report 4 Indian cities among cheapest to live in globally: Report

Four Indian cities are among the cheapest to live in globally, while Singapore has been ranked as the most expensive for the fourth consecutive year, as per a report by Economist Intelligence Unit (EIU).

India to attract $4.2 billion global investment in realty sector: Report India to attract $4.2 billion global investment in realty sector: Report

With India emerging as a preferred investment destination, the country is expected to witness nearly $ 4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield.

Supertech to invest Rs 4,000 crore to build affordable homes Supertech to invest Rs 4,000 crore to build affordable homes

Realty firm Supertech plans to invest about Rs 4,000 crore to develop low-cost homes as it expects demand for affordable housing to rise after getting infrastructure status in the budget.

Tata Housing hopes to reach 100 mn sqft mark in FY18 Tata Housing hopes to reach 100 mn sqft mark in FY18

With nearly 70 million sqft of projects under development, realty player Tata Housing Development Company is hoping to reach 100 million mark in FY18, a senior company official said.

Supertech to pay Rs 55L to buyer for failure to handover flat Supertech to pay Rs 55L to buyer for failure to handover flat

The apex consumer commission has directed real estate firm Supertech Limited to pay over Rs 55 lakh to a home buyer for its failure to hand over possession of a flat in the stipulated time.

L&T Realty sells stake in Chennai township project for Rs190 crore L&T Realty sells stake in Chennai township project for Rs190 crore

Construction major L&T's arm L&T Realty has sold its 51 percent stake in a township project at Chennai for Rs 190 crore to an investment firm Pragnya group.

 Vacancy of office space lowest in Bengaluru at 4%: JLL Vacancy of office space lowest in Bengaluru at 4%: JLL

Bengaluru has the lowest vacancy of office space at nearly 4 percent among the seven major cities on account of robust demand from corporates, according to property consultant JLL India.

Smart cities: Soon, government may pay rent through vouchers to urban poor Smart cities: Soon, government may pay rent through vouchers to urban poor

The Centre may soon pay rent through vouchers in 100 smart cities.

Affordable housing to become cheaper; govt may waive off stamp duty Affordable housing to become cheaper; govt may waive off stamp duty

M Venkaiah Naidu has asked states to waive stamp duty for affordable housing projects and rationalise it for others.

Ensure timely delivery of housing units: Naidu to builders Ensure timely delivery of housing units: Naidu to builders

Union minister M Venkaiah Naidu on Monday asked builders to fulfil their promises to home buyers and ensure timely delivery even as the realtors demanded that ongoing projects be exempted from the new realty law.

Centrum Housing Finance eyes Rs 250-crore loan book in 1st year Centrum Housing Finance eyes Rs 250-crore loan book in 1st year

Cetrum Home Finance, the Centrum group's housing finance arm that was launched last month, plans to have a loan book of Rs 250 crore by the end of the first year of operations.

Want to e-auction Taj Mansingh Hotel: NDMC to SC Want to e-auction Taj Mansingh Hotel: NDMC to SC

The apex court had earlier asked the NDMC to reconsider its decision to auction the five-star hotel in the wake of the Attorney General and Solicitor General's opinion not to initiate any such process.

Real estate sector outlook negative for FY'18: India Ratings Real estate sector outlook negative for FY'18: India Ratings

Realty sector's outlook remains negative for the next fiscal with housing sales expected to be muted due to high prices and significant delays in completion of projects, according to India Ratings and Research.

Hold benami property? Get ready to face 7 years of rigorous imprisonment Hold benami property? Get ready to face 7 years of rigorous imprisonment

The tax department today warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to 7 years and such violators would also stand to be charged under the normal I-T Act.

Taj Mansingh to finally go under hammer, Le Meridien licence cancelled Taj Mansingh to finally go under hammer, Le Meridien licence cancelled

Two years after the Centre cleared the decks for its auction, Taj Mansingh Hotel will finally go under the hammer, the NDMC on Thursday decided, as it also cancelled Le Meridien Hotel's licence over dues of Rs 523 crore.

DLF promoters to sell 40% stake in rental arm to GIC DLF promoters to sell 40% stake in rental arm to GIC

Real estate major DLF's promoters will enter into an exclusive pact with Singapore's GIC to sell their 40 percent stake in the company's rental arm, DCCDL Ltd, for an estimated amount of up to Rs 13,000 crore.

Mumbai ahead of Washington, Toronto in super-rich population list; home to 1340 ultra HNIs Mumbai ahead of Washington, Toronto in super-rich population list; home to 1340 ultra HNIs

In the 'future wealth' category, Mumbai ranks 11 ahead of Chicago, Sydney, Paris, Seoul and Dubai.

About 83% millennials intend to buy home in five years About 83% millennials intend to buy home in five years

Globally for many millennials the home ownership dream has deferred but not dead as 83 percent of those who do not own any residence, intend to buy in the next five years, according to a HSBC study.