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200 More Affordable Housing Projects In India To Be Launched By CREDAI

By
Team iPropUnited
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CREDAI200 affordable housing projects across the country are to be launched by confederation of Real Estate Developers Associations in India (CREDAI). This is being done to encourage and support Prime Minister Narendra Modi’s vision of Housing for All by 2022.

Media was informed that Union Minister, M Venkaiah Naidu, will launch the project of affordable housing in India on 8th April in Ahmedabad.

Blueprints are being prepared by CREDAI to get involved in the affordable housing schemes in India by the Central Government. The other details like the location and size of the project will be decided with the help of the nation body in consultation.
The increasing costs of inputs like labour, cement, steel, land etc. will have an impact on the costs of the affordable homes in India. The activeness of RERA and GST will also affect the prices of homes.

Affordable Housing Projects in NCR – 
While NCR is turning into the most-demanded regions for investment in real estate in India, affordable homes in NCR is a sure thing to happen. Till now, over 40,000 projects for affordable houses in national capital regions have been heard to be launched soon.

Affordable Projects in Noida  –Keeping in mind the more than adequate connectivity of Noida to Delhi through Metro, it is becoming the favourite spot for affordable housing in NCR. People who are buying for the first time also have Noida as their preference. Some of the affordable housing projects in Noida are
• Sikka Karnam Greens: Sector 143B, Noida (Rs.23 Lakh approx.)
• Jaypee Greens Kosmos: Sector-134, Noida (Rs.35 Lakh approx.)
• Paras tierea: Sector-137, Noida (Rs.39 Lakh approx.)

Affordable Houses Projects in Greater Noida
• Gulmohar Estate: Sector Pi-1, Greater Noida (Rs.18 lakh approx.)
• Misgun Twinz: Sector Eta-2, Greater Noida (Rs.16 lakh approx.)

Affordable Housing Projects in Gurgaon – Gurgaon has always had the premium housing as its forte, but now with it is also coming up with affordable housing projects. Haryana Urban Development Authority (HUDA) is providing lucrative offers to the developers to build affordable housing projects in Gurgaon. Some of the affordable housing projects in Gurgaon are –
• Krishna Housing Scheme by Raheja Developers: Sohna, Sector 14 (Rs.15 lakh to Rs.23 lakh approx.)
• Pyramid Urban Homes: Sector 70A (Rs.13 lakh to Rs.25 lakh approx.)
• Supertech Builders have also made a huge investment of Rs.700 crore in the affordable housing in Gurgaon, with various sets of apartments in Sectors 79 and 79B.

Ready To Move 2BHK Flats In Crossing Republik, Ghaziabad Between 40-50Lakh

By
Team iPropUnited
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SKB Gold Coast

Crossing Republik has become one of the popular destinations for home-seekers in hte National Capital Region of India. With various advantages like its proximity to Noida and Greater Noida,  good connectivity and tremendous infrastructural development, one of the key attractions here is the reasonable pricing for various housing options in Ghaziabad.

Below are the top 2 BHK flats in Crossing Republik ranging between 40 lakhs to 50 lakhs that deliver splendid lifestyle withing a budget.

Paramount SymphonyParamount SymphonyWith its exotic Interior designs and peculiar landscapes, these premium 2BHK apartments by paramount group are surely heart-winning deals. Completed in July 2014, well designed fully ventilated spacious room sizes and three side open flats give a complete joy of livings.

Prateek The Royal Cliffprateek the royal cliff crossing republikYour search for High-rise beautiful apartments ends here with these aesthetically designed multi-storey towers which offer ultimate comforts to its residents. These alluring 2BHK apartments in Crossing Republik, Ghaziabad are well-equipped with in-house services like Shopping Centre, Cafeteria and library.

SKB Gold Coast

SKB Gold Coast Crossing Republik Ghaziabad
Representative Image; Source: proptiger.com

SKB developers have been awarded as the Developer of Year for their ultimate projects. And this vaastu compliant, residential project in Crossing Republik is another accomplishment that is not close to various civic utilities but also offers several fitness, security, eco-friendly and socializing amenities to its residents.

Arocon Golf VilleArocon Golf villeThis exotic township is benefited with 4 and 6-lane wide roads and is spread across 1.5 acres of land. Commercial establishments are located within the premises to facilitate its residents. It possesses earthquake resistant framed structure and is designed by highly experienced structural engineers which is further approved by IIT.

Gardenia Square II

representative image
representative image; source: proptiger.com

2BHK apartments in Crossing Republik at this place is ready to appease its residents with the pleasing shades of oil distemper paints. This is a residential project in Ghaziabad that offers flats at a prime location of the district with its outstanding architecture and international standard amenities. It is also pre-certified with Green Homes from IGBC.

Kingswood CourtKingswood CourtThose who are looking for an extravagant and elite living, these ready to move 2BHK flats in Crossing Republik are truly meant for them. Not just the luxury here will speak to you from every nook and corner, beautiful architecture and construction are absolutely mind-blowing.

Arihant AmbienceARIHANT AMBIENCELoaded with modern day luxuries and state-of-the-art amenities, it is a GDA approved free hold land. It offers you not just homes but an opportunity to live a global lifestyle. Arihant Buildcon Pvt. Ltd. is one of the most prolific names in the real estate sector for the past quarter century in the national capital region.

These ready to move 2BHK apartments in crossing Republik definitely provides a true value for your money.

Some Real Estate Projects For Women Only, Banks Offering Best Interest Rates

By
Team iPropUnited
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women homebuyers

Women, these days, are leading various sectors. Real estate sector is certainly not to be left and more and more projects are being catered by women in India. Supporting the same, many builders and developers have launched lucrative projects for women to offer best possible benefits.

Buyer’s Market
The concentration on women homebuyers in India is the result of a study that says 32% buyers are single women and women are playing a crucial role as a segment of homebuyers in India. And therefore, they should be provided with alluring offers and deals.

If we notice today’s scenario in the urban society, most women have an equal say in the households (sometimes more also) because of the financial independence they have.

There are various incentives and offers available for women at every step of buying a home, whether it is registration or funding.

The concessions available are attracting women because of the lucrativeness and thus the market of women home-buyers is expanding.

Incentives and Concessions
Along with both private and nationalized banks, government bodies also have special offers and concessions for women. At few places, women homebuyers are offered the lowest interest rates while at other places, EMIs are made easier for them.
Women are supposed to pay 4% stamp duty on a home loan, while men have to pay 6%, in New Delhi. Women also have larger tax deductions on the interest paid on home loans.
All these initiatives are giving a boom to women homebuyers, empowering women in one of the most significant sector of real estate.

Pertaining to this trend, Origin Realtors in Mira Road are launching a residential project this month, particularly for women. This means that only women can have ownership in these flats. Though men can buy flats, but it will be necessary to have a woman as the joint owner.
Also, Aspire Home Finance Corporation, which is a Housing Finance Corporation, had launched a scheme of loan in the name of MALA (Mahila Awas Loan by Aspire), specifically for women. Through MALA, women can get loans from Rs.2 lakhs to Rs.12 lakhs. They even provide the required assistance and guidance to women buyers through their counseling centers.

Top 10 Ready To Move 2BHK Flats In Crossing Republik Below 40Lakh

By
Team iPropUnited
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Representative Image

Ghaziabad district is largely a suburban district of Uttar Pradesh state in northern India of National Capital Region with administrative headquarters of the district. Crossing Republik is emerging as the preferred housing option due to its strategic location advantages. Below are the top 10 ready to move 2BHK apartments in Crossing republic that range below 40 lakhs and offer incredible  without compromishousing options in Ghaziabading to grandeur:

Supertech Livingston, Block A

supertech-livingston
representative image; source: proptiger.com

Just 3 minutes drive away from the Railway station, 3 sided beautiful 2BHK apartments in Crossing Republik are designed aesthetically to give splendid livings to its residents. This earthquake resistant project his earthquake resistant project is vaastu compliant and comes with in-house services like Library, Shopping Centre, ATM, Laundry and Cafeteria.

Mahagun Mascot, Plot No: 5, Sec-IImahagun-mascotWith several indoor and outdoor recreation amenities, this is an iconic project by Mahagun developers with an atmosphere of uniqueness. Located in the middle of lush greenery at Crossing Republik, Ghaziabad, the complex is a place for one and all. Prime location, faultless planning, distinguished construction, amazing features.

Panchsheel WellingtonPanchsheel WellingtonConsidered as the first global city in National Capital Region, these beautiful apartments are situated opposite golf course overlooking a lake that provides a serene view. With 73% of open area, this enticing project by Panchsheel group was completed in December 2014.

Ajnara GenX, GH-06, NH-24

Ajnara GenX
representative image

With Domestic RO plant in every kitchen, this superlative residential project in Crossing Republik by Ajnara group gives Security facilities like Gated Community, 24X7 security, Property Staff etc. Make this place extremely safe for the purpose of residence.

Gaur Global Village

Gaur Global Village
representative image

Spread across 6 acres of land, apartments here offer privacy, comfort and freedom of space in abundance. This project is a complete collaborative combination of home and leisure rolled up in one. Well equipped with modern day amenities, 2BHK apartments in Crossing Republik here are leveraged with prime locales of Ghaziabad.

Assotech The Nest, Near ABES Engineering CollegeAssotech The NestThis vaastu compliant project offers many socializing amenities like Billiards, Amphitheatre, Party Lawn, Conference Room, Banquet Halls etc. Located strategically in the heart of Crossing Republik, the luxurious apartments in Ghaziabad here come with wide open spaces and it is surely a home to long forgotten pleasures of wandering paths and natural surprises.

Crossings ApartmentsCrossings ApartmentsWith wooden laminated flooring in the bedrooms, Drawing/Dining and Kitchen areas are equipped with non-skid ceramic tiles to elite you beyond expectations. Uninterrupted water supply is assured via underground and overhead water tanks with pumps.

Gardenia Square 1,Gardenia Square

representative image
representative image; source: proptiger.com

Well-furnished apartments here come with a unique floor plan that maintains matches with global standards in floor plans, amenities and construction technology. These spectacular ready to move apartments from Gardenia group are crafted with great finesse and futuristic architecture.

Proview Laboni Apartments

Proview Laboni Apartments
representative image

Completed in July 2013, these budgeted apartments in Crossing Republik, Ghaziabad provides eco-friendly facilities like Terrace Garden and landscape Gardens. Civic utilities like Dolphin Public School, Uttam Hospital, State Bank of India etc. are within 6kms from the project.

Crossing Republik GH7Crossing Republik GH7This thoughtfully laid township at Crossing Republik, Ghaziabad boasts lavish yet aesthetically designed 12 Towers and 2050 residences. Amenities like exclusive club house, cafeteria, barbeque pit, jogging track and lounge make this project commendable.

These budgeted homes in Crossing Republik, Ghaziabad surely render perfect livings to its residents with world-class amenities.

Know About DDA Housing Scheme Booking 2017

By
Team iPropUnited
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DDA flatsAbout DDA?
Delhi Development Authority (DDA) was formed under the Delhi Development Act way back in 1955. It was formed with the aim of promoting and securing the development of Delhi. After the housing projects by DDA came into existence in 1967 which provided construction of houses in Delhi along with basic needs supply for the people like water, sewage disposal, electricity etc. The construction of these houses is prevailing till date, keeping in mind the needs of the people and the different sections of the society.

Housing Schemes in Delhi by DDA
13148 Flats Schemes was launched in Delhi in 2017 by DDA. You can get the details on loans, procedures, application an form fees, finance at Pitampura, Rohini, Sarita Vihar, Dwarka, Sukhdev Vihar, Jasola, Narela, Dilshad Garden, Mukharjee Nagar, Jahangirpuri, Paschim Vihar, Loknayakpuram, and Bindapur.

DDA House Scheme Price Range 2017

Janta Flats
• Area – 18.85 to 30.45 sq. m
• Specification – 1BHK
• Price – Rs. 6.68 to 15.15 Lakh
EHS Flats
• Area – 24.19 to 77.57 sq. m
• Specification – Independent dwelling
• Price – Rs. 11.67 to 77.57 Lakh
LIG Flats
• Area – 28.34 to 52.63 sq m.
• Specification – 1BHK
• Price – 14.95 to 28.54 Lakh
MIG Flats
• Area – 64.04 to 109.88 sq.m
• Specification – 2BHK
• Price – Rs. 30.23 to 70.07 Lakh
HIG Flats
• Area – 77.57 to 142.46 sq. m
• Specification – 3BHK
• Price – Rs.41.62 – 140.21 Lakh

Where to obtain forms for the booking of DDA flats? You can obtain the forms for DDA booking from various banks in Delhi.

Banks Providing Form For DDA Booking

The following are the eight banks to provide forms for DDA new housing scheme–
• Kotak Mahindra Bank
• Bank of Baroda
• HDFC Bank
• Yes Bank
• Central Bank
• IDBI Bank
• State Bank of India
• Axis Bank

Home Loans Interest Rates March 2017

Banks Interest Rates
HDFC 8.50% – 8.55%
LIC Housing 8.50% – 8.90%
SBI 8.60% (For Women) – 8.70% (For Others)
AXIS BANK 8.65% – 8.70%
ICICI Bank 8.65% – 8.85%

 

Builders To Support Buyers In Availing Interest Subsidy On Home Loans

By
Team iPropUnited
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hand houseThe affordable houses in India are being built primarily by the private sector while guidelines are out for Credit -Linked Subsidy Scheme (CLSS) for the EWS (Economically Weaker Sections) and also the low-income group schemes (LIG), as said by the Union Minister, M Venkaiah Naidu.

Builders should also make efforts to pay out the benefits received by the subsidies to potential customers. If a buyer is planning to buy a house under any of the schemes, then the builder is supposed to help the buyer in availing the subsidies.

The developers have also willingly agreed to help the buyers in the required support and cooperate with them regarding this. They will take the buyers to the bank, so that they can avail the subsidy. The main agenda to take this step is to protect their interest of selling their residential properties.  A subsidy for homebuyers will ultimately benefit them too in their marketing. Even the financial institutions and banks have also come forward to help in disbursing the subsidies.

An interest subsidy of Rs. 421 crore has been paid out by the National Housing Bank (NHB) under the CLSS for the LIG and EWS sections.

The guidelines which were launched recently by Naidu had the tenure of loan extended to 20 years from 15 years, applicable on all the loans sanctioned after 1st January 2017. This in turn has also increased the amount of subsidy to Rs.2.67 lakh from Rs.2.20 lakh. This is going to encourage the homebuyers to invest in the affordable housing segment.

Not only the LIG, but MIG will also benefit from the schemes as they are also significant contributors in the economy. A new interest subsidy scheme will be launched for the MIG which will categorize the borrowers in two segments, MIG 1 (annual income between Rs.6,00,001 and Rs.12,00,000) and MIG 2 (annual income between Rs.12,00,001 and Rs.18,00,000).

Initially, this scheme for MIG will be executed for one year but can be extended later, depending upon the response and performance.

Initiatives are also being taken by the Central Government to bring a reduction in the stamp duty, categorically for the affordable housing segment.

 

Indiabulls Housing Finance Raised Rs.600 Crore By Issuing Debentures

By
Team iPropUnited
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Indiabulls Housing Finance According to the sources, Indiabulls Housing Finance Limited (IBHFL) has been able to raise Rs.600 crore by issuing debentures. These debentures are on a private placement basis and are redeemable, secured and non-convertible.

Indiabulls has a plan of raising funds worth a total of Rs.6000 crore and the recent fund raising is just one part of it.

These redeemable and non-convertible debentures raised recently had a face value of Rs.10 lakh each, giving a total value of Rs.600 crore.

About Indiabulls Housing Finance Limited

Being the housing finance arm of The Indiabulls Group which covers real estate and wealth management, Indiabulls Housing Finance Limited (IBHFL) is the second largest Housing Finance Company (HFC). It is being regulated by the NHB (National Housing Bank).

Everybody dreams of having a house which they can call their own. At IBHFL, they make efforts to let people fulfill their dream. They can proudly flaunt their workforce of more than 5500 employees. They give the first priority to the customers and sales with almost half of the workforce focusing on the same.

They also strive towards keeping everybody’s interest – be it investors, employees, bankers or shareholders – protected. IBHFL believes in staying in honest towards its goals, ethics and values.

VVIP’s Meridian Towers With Classy Living Facilities, Nearing Possession

By
Team iPropUnited
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VVIP
source, superise

Vibhor Vaibhav Infrahome Private Limited (popularly known as VVIP) is one of the most trusted and reliable name in the real estate sector in NCR. They have shown their prominence and place in the real estate sector for over a decade now. The main agenda of VVIP new lanch VVIP Meridian Towers is to make luxury homes available for people with all the important facilities equipped in them.

Because of their success and goodwill in the real estate market, VVIP  is launching Meridian Towers in Greater Noida, an exclusive podium based project. Meridian Towers are 2, 3 and 4 BHK apartments to offer you the VVIP way of life as their motto says! Designed by some renowned architects with classy architectural designs and using some advanced technologies, VVIP Meridian Towers in Greater Noida are built in a sophisticated and spacious way.

Spectacular Features

  • 2, 3, 4 BHK luxurious and spacious apartments
  • Constant ventilation for wind and light
  • Spacious and organized layout
  • 80% greenery
  • 100% power backup
  • Resistant to earthquake buildings
  • More than sufficient parking
  • Constant water-supply
  • Medical facility available in case of emergency at one call

Entertainment and Locality features

  • Clubhouse facilities for all age-groups
  • Ample green area available for kids to play
  • Track area for jogging available
  • Mini amphitheater inside within the township
  • Shopping facilities within the vicinity

Security features

  • Facility of Censor gates for the entry of vehicles
  • Gated condominium with constant CCTV monitoring
  • No roadside vendors allowed inside the campus

VVIP Meridian Towers in Noida Extension has for much facilities than the mentioned.

ADDRESS 
Sector-16 C, Greater Noida West (Noida Extension)

Affordable Housing Plans To Be Beneficial For Housing Finance Market In India

By
Team iPropUnited
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-affordable-housingICRA, a domestic rating agency of India has declared that the affordable housing segment expected to grow to an extent of about 30%. It also said that affordable housing plans will also be the most important factor in the growth of housing finance market in India.

The government has its concentration on affordable housing plans and it has taken a number of initiatives for the same under the Pradhan Mantri Aawas Yojana (PMAY). Initiatives are also being taken to taken into the consideration, both the supply and demand side, and also the issues of affordability. This will attract the borrowers thoroughly.

After the move of demonetization, the defaults in the self-employed segments and affordable housing segments had increased because of the self-employed segment being affected the most post demonetization.

Defaults are assumed to increase even further in affordable housing plans and self-employed segments.

Property price post demonetization is likely to get affected, if we consider the expected correction of prices of property. The gross NPAs (Non-Performing Assets) for Housing Finance Companies (HFCs) are expected to remain only in the range of 0.9 to 1.3 per cent.

Housing finance market in India has witnessed a considerable downfall in their incremental funding costs in the latter half of the financial year. HFCs raising funds at medium rates of 7.5-8% could supposedly be the reason behind this.

Loans Sought At 16-17% By Jaypee Infra To Cope Up Financial Tribulations

By
Team iPropUnited
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Jaypee Infra In view of Jaypee Infratech struggling with massive debt, lenders are now demanding a forensic audit for its operations for the time during which the loan was obtained from Edelwiess and Yes bank. This audit will unleash if the funds obtained for desired functioning are employed in the fair direction or not.

In order to repay the Jaypee Infratech’s loan, its stake in powers and cement assets have already been sold off. As the group is looking to obtain the fresh loan in order to restructure its debt, ICICI and IDBI are seeking its forensic audit for the purpose. In March 2015, its lenders were agreed for the loan restructuring. Jaypee group is still required to deliver lakhs of apartments as per its commitment and majority of its lenders have already sent two reminders to the group to clear its unpaid instalments.

For the purpose of arranging funds, the group is close to finalizing a term-debt worth Rs.

1100 crores @ 16.25% from Yes Bank and the revenues from the Yamuna Expressway have already been allocated for the purpose of interest payment. The expected revenue generated from this 165 metre long expressway is around 300-350 crores. Existing lenders given no-objection for offering the first toll revenues to Yes Bank.

Similar amount of mortgage loan is also intended to be procured from Edelwiess @ 17.25% which shall be further employed to address cash-flow issues and repay public deposits. Any funds left over shall be used further to complete the unfinished residential projects. Real estate projects at Noida-Greater Noida Expressway are still far behind their schedules. Due to financial instability, Jaypee Infratech Group is constrained to pay such a higher interest rate which is almost double than the rate of interest charged to the retail home loan borrowers.

The whooping debt is estimated close to Rs. 40000 crores. In 2016, Jaypee Infratech Group was classified as ‘sub-standard’account as RBI rejected its muster for the land-swap deal. This deal was initiated by the group to settle a part of its outstanding debt.

An additional compensation of Rs. 2500 crores has also been asked from the group for the displaced owners. Last month a meeting of joint lenders forum was called where the draft of restructuring plan was presented by IDBI Caps and SBI Caps. This restructuring is accepted with a view to avoid further provisioning of bad debts.

Existing lenders are exposed to a debt of 8100 crores of debt and they are ensured that the group shall not incur any default on the payments. In case of any default, the bank will set aside funds for the potential losses for that current fiscal year.

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