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Developers Await The Arrival Of Genuine Home BuyersDemonetisation of high-value currency notes has led to a sharp fall decline in home sales, especially in the resale market segment. In a scenario such as this, developers are pinning their hopes on genuine home buyers to come back to the market with their white money.
Govt Extends Support To Middle-Class Home BuyersIn his address, the PM announced that now people with an annual income of up to Rs 12 lakh in urban areas would be eligible for a four per cent subsidy in interest for a home loan up to Rs 9 lakh. This will help India’s middle-class home buyers.
Govt To Announce 40 More Cities Under Smart City MisThe Central government has already chosen 60 cities for development under its Smart City Mission. With the announcement of 40 more cities by next month the selection process would be complete, and focus will shift towards implementation of the mission.
Why Indian Real Estate Remains 'Hot Property' For FoFears of an economic slowdown in the aftermath of the scrapping of high-value bills notwithstanding, global trends show India will be the top choice for investors in 2017.
Demonetisation Impact: Banks Slash Lending Rates; HoIn his address to the nation on the New Year’s Eve, Prime Minister Narendra Modi urged banks to make people from the lower-middle class and middle-class their areas of focus. PM’s speech has prompted several banks, including India’s largest lender SBI, to slash lending rates. The move is likely to give a renewed push to the affordable housing segment.