Search Results: housing shortage (149)

Reports india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property

Only 4.3% of overall urban housing shortage met with PMAY

Housing Shortage in the urban areas is particularly high in Economically Weaker Sections (EWS) at 10 million units, followed by 7.4 million units in Lower Income Group (LIG).Until now, Central assistance to the tune of INR 13,583 Crore has been released and Interest subsidy of INR 1,859 Crore has been credited. Under the PMAY(U) scheme ( as per 8thJuly 2018 release by Ministry of Housing and Urban Poverty Alleviation, Government of India), 51 lakh units have been approved, 28 lakh units have been grounded and only 8 lakh units have been completed.

Advocacy Anshuman magazine, CB Richard Ellis, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Track2Media, Track2Realty

Effective policy implementation key to bridging India’s urban housing shortage

Track2Realty: Despite the significant residential unit inventory and fresh housing supply, most of the urban housing projects across major Indian cities are unaffordable for our economically weaker sections (EWS). This is primarily because developers are by-and-large focused on launching luxury, high-end and mid-end housing projects that are considered ‘safe’ from the perspective of risks and returns in the capital market.

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NAREDCO-KPMG releases report on “Bridging the Urban Housing shortage in India”

Track2Realty: India’s urban housing shortage is estimated at nearly 18.78mn households in 2012. By 2050, 900mn people will be added to Indian cities. The rapid pace of urbanization owing to the rural–urban migration is putting a strain on the urban infrastructure in these cities, indicates the KPMG – NAREDCO study on Real Estate and Construction industry, “Bridging the Urban Housing Shortage in India”.

Advocacy

Labour shortage a perennial problem of Indian real estate

Ram Kirpal is a construction worker in Noida. However, this daily wage earner is not a regular employee or even contractual worker with any real estate company or contractor. He goes back to his native place, Purnea in Bihar, on each harvest season and agriculture continues to be his main occupation. He works on construction sites in Noida only when there is no agricultural work back home. He is part of the bigger problem that the Indian real estate faces – labour shortage! A Track2Realty report.

Consumer Connect Unsold Housing, Housing Demand & Supply, Housing Inventory, Indian Housing Market, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market

Unsold inventory symptoms & not the cause of housing market malaise

Isn’t it ironic that in a country where housing shortage is at the core of policy debates, housing surplus in top Indian cities is juxtaposed to that. As a matter of fact, the reality of unsold housing units poses an even greater degree of imbalance than the housing shortage. But then unsold inventory is a symptom and not the cause of malaise in the housing market of the country. A Track2Realty report.  

Policy Indian Flag, Indian Independence, Independence Day, Freedom At 75, India's Urban Policies, India's Housing Policies, Indian Urbanisation

India’s tryst with urban housing since independence

India’s urban housing today could at best be described as a soda bottle syndrome where the constant rural push to the select few urban centers could explode at any given point of time. It is not that the policy makers are unaware with the growing population and its dependence over the metro cities. As a matter of fact, when the country’s first planned city, Chandigarh, came into existence as a horizontal city that could cater as the capital of both the Punjab and Haryana State, it seemed to be independent India’s first tryst with organized urban planning in general and its housing solution in particular.

Reports PMAY Housing Benefits, Affordable Housing in India, Housing Supply in India, Housing Supply in Top 7 Cities

Only 29% of H1 2019 housing supply qualifies for govt sops in top 7 Cities – ANAROCK

Only a paltry number of developers have built housing that meets the Government’s criteria for incentivized affordable housing in 2019. ANAROCK data reveals that of the total housing supply of 1,39,490 units in the top 7 cities H1 2019, merely 39,840 units meet these criteria. The Government’s recent Budget ‘bonanza’ of an additional INR 1.5 lakh tax deduction on interest repayment of home loans availed till March 2020 will benefit very few people in urban India.

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