Noida Authority will launch a scheme in December to allot 900 flats across multiple sectors. It includes categories like MIG, HIG, LIG, EWS, and Shramik Kunj. Rates have been finalized and allotment via a luck draw.
The real estate landscape in Noida is increasingly skewed towards luxury developments, leaving middle-income groups struggling to find affordable housing options.
Real estate prices in Coimbatore have increased 25-30% due to rising land, material, and labor costs, impacting affordability and the middle-income segment. Developers emphasize the need for infrastructure development to mirror Chennai's growth.
The report outlines Chennai's real estate market dynamics, emphasizing service tax changes, ECB, and a projected influx of 67,500 residential units within three years.
Mahindra Lifespaces plans to enter the affordable housing sector within a year, targeting middle-income groups amidst a growing housing shortage in India.
Delhi Development Authority to offer 6,000 affordable flats in Dwarka, Vasant Kunj, Rohini, Narela, and Shalimar Bagh within two months, targeting middle and low-income groups.