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.
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).
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.
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.
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.
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.
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.
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.
The Centre may soon pay rent through vouchers in 100 smart cities.
M Venkaiah Naidu has asked states to waive stamp duty for affordable housing projects and rationalise it for others.
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.
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.
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.
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.
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.
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.
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.
In the 'future wealth' category, Mumbai ranks 11 ahead of Chicago, Sydney, Paris, Seoul and Dubai.
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.
According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively.