The demand within the affordable housing segment remains robust. Given that the target customer of this segment typically relies on bank funding. Consequently, ICRA research has taken a note of the significant growth in the sub Rs 250 million category.
Tag: PMAY
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Government sanction 5.1 mn houses under PMAY-U
Ministry of Housing and Urban Affairs (MoHUA) conducted its 35th Central Sanctioning and Monitoring Committee
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NMRDA to implement affordable housing scheme in green belt too
Under Pradhan Mantri Awas Yojana (PMAY), Nagpur Metropolitan Region Development Authority (NMRDA) has decided to implement this scheme in green belt and no development zones too.
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Cement demand up but profitability pressures continue
Even as demand for cement has picked up from Q3 FY2018 and the trend is expected to continue in Q4 FY2018, with the growth expected at around 5% in FY2018 and FY2019, expectation of higher petcoke, coal and diesel prices are likely to put pressure on the profitability margins and debt metrics of the cement companies in the coming quarters.
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Post Budget Analysis | Housing Finance Companies
The Union Budget for FY2018 has maintained focus on meeting the Housing for All agenda by 2022. The allocation is marginally lower than the last fiscal.
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Post Budget Analysis | Cement
Improved rural incomes, higher rural credit and increased allocation for the rural, agricultural and allied sectors are likely to boost rural demand, including the requirement for rural housing.
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Post Budget Analysis | Infrastructure
Capital outlay for the infrastructure sector up to Rs 5.97 lakh crore in FY2018v19 (up 20.8 per cent over FY2018), with major increase for segments like railways, telecommunication and affordable housing.
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Municipalika 2017
The 14th edition of Municipalika, a three-day exhibition and conference on Smart and Sustainable Cities, organised at CIDCO Exhibition Centre, Navi Mumbai, from 18th to 20th May, ended on a high note, providing valuable insights and solutions for urban infrastructure and housing development in India.
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India is on the cusp of large-scale urbanisation
Infrastructure status for affordable housing was a long-standing requirement of the sector. This move should boost the volume of construction activity across the country, which has been struggling with reduction in the number of projects being launched over the last few quarters.
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Infra status won’t drop prices, but will increase housing supply
With infrastructure, we expect the affordable housing segment to develop a new degree of velocity because the cost of capital is going to reduce and lenders are going to be motivated to invest money in this sector. Likewise, the tax status for development is beneficial with the infrastructure status.
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