Residential demand in ‘shadow cities’ show increasing trend

Housing demand, which hitherto has remained dominant in the top eight cities of India, is gaining momentum in Tier II and Tier III or ‘shadow cities’ with the trend becoming more prominent post the nationwide lockdown, according to a latest study. Continue Reading

Housing project fund: Realtors welcome government’s decision

Real estate developers welcomed the government’s move to create a Rs 25,000-crore fund to help complete over 1,600 stalled housing projects, saying it will solve the long-pending problem of homebuyers. “It’s a very welcome change from the initial announcement (of 14 September). Now the only criteria for eligibility are networth positive projects,” real estate developers association CREDAI chairman Jaxay Shah said. Continue Reading

4.5 lakh homes to be delivered by 2020: PropTiger report

Real estate developers are expected to deliver over 4.5 lakh affordable housing units in the coming 15 months, according to a research report by PropTiger.com. It comes at a time when Centre has incentivised purchases in this category by offering higher tax benefits. Continue Reading