Tag: Affordable housing

Subsidy for affordable housing to be extended till March 2021

NEW DELHI: Finance Minister Nirmala Sitharman on Thursday announced that the Credit Linked Subsidy Scheme (CLSS) for middle income groups to buy affordable housing units will be extended till March 31, 2021. The scheme was last extended till March 2020. Addressing the media here, Sitharaman said that the extension would benefit 2.5 lakh middle income […]

MRG World forays into affordable housing with an investment of Rs 200 crore

NEW DELHI: Gurgaon-based MRG World has announced its venture in affordable housing sector with an investment of Rs 200 crores in developing their first affordable housing project at Gurgaon (Haryana). The Group announced its foray into affordable housing by launching its maiden affordable project, The Balcony, in sector-93, Gurugram. Located across 75 meter Wide Running […]

Arihant Group forays into affordable housing with an investment of Rs 250 crore

NEW DELHI: Delhi-based realty firm Arihant Group has announced an investment of Rs 250 crore in developing their first housing project in affordable segment, Arihant Abode, in Greater Noida West. The project will be located across 130 meter wide Noida – Greater Noida link road. The investment would be made through self-funding and customer advances. […]

Lowering of GST in real estate will boost sales in affordable housing: BK Goenka, ASSOCHAM President

NEW DELHI: The central tax authority, GST Council has taken a bold decision to lower the GST rates for under-construction housing projects to 1 per cent from 8 per cent in affordable housing and 5 per cent from 12 per cent earlier in the non-affordable segment. The decision will be implemented from April 1, 2019. […]

Real estate developers applaud the decision to cut GST rate on under-construction flats , affordable housing

NEW DELHI: Real estate players and National President, National Real Estate Development Council (NAREDCO) have welcomed the reduction in the goods and services tax (GST) rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent. Here’s what the realty major, NAREDCO have to say to about reduction […]

GST on under-construction flats slashed to 5%; affordable housing to attract 1%

NEW DELHI: In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. The Council also cut GST rates on affordable housing to 1 per cent from the current […]

Affordable Housing gets another boost with year’s extension of Section 80-IBA of the Income Tax Act: Dr. Hiranandani

NEW DELHI: Homer seekers have reason to be happy with the budget speech of the finance Minister Piyush Goyal, said Dr. Niranjan Hiranandani is President (Nation), National Real Estate Development Council (NAREDCO). “For real estate in general and housing in particular, this is a positive budget speech. For the economy, it focuses on the farm sector […]

Affordable housing to get 2 billion pound boost in UK

By: Elisabeth O’Leary Britain’s government will invest 2 billion pounds ($2.6 billion) to address an affordable housing shortage, Prime Minister Theresa May will say on Wednesday. House-building has been a stated priority as the government tries to answer voter concerns about a lack of affordable housing in many areas following decades when house prices have […]

Centre to establish web-based ‘knowledge lab’ to share technologies for affordable housing

NEW DELHI: To meet its vision of housing for all by 2022, the government will launch an online knowledge lab for states and union territories, detailing ways to execute affordable housing projects through new technologies and innovative designs. According to the Housing and Urban Affairs (HUA) Ministry, the laboratory will act as a source of […]

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