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GURUGRAM: The estimate of the amount of new land that could become available for affordable housing, after the removal of the cap on land for the segment through DTCP’s recent amendment of its Affordable Housing Policy 2013, is out. From a maximum of 300 acres that was available in the past, the total land under the segment could…
The state government has amended the Affordable Housing Policy-2013 under the provisions of Section 9-A of the Haryana Development and Regulation of Urban Areas Act and any other corresponding statute governing development of affordable group housing colonies. According to the amendment, “In any residential sector not more than 15 acres under the residential zone can…
The interest subsidy of up to Rs 2.60 lakh on home loans under the Centre’s affordable housing scheme will now be available to middle income group (MIG) beneficiaries for 15 more months till March 2019, a top official said here. Housing and Urban Affairs Secretary Durga Shanker Mishra said the decision will provide more time…
GURUGRAM: When Gurgaon-based developer Signature Global launched affordable housing projects in Gurgaon last year, it received 8,000 applications for around 1,900 flats in eight projects. Other developers, too, report of similar response, largely due to the huge supply-demand gap in the segment. According to sources, affordable housing is the sole bright spot in an otherwise shaky real estate market,…
