Real estate in India

Affordable Housing wil be the buzzword  

Affordable housing has become the talk of town ever since BJP, in their manifesto, promised ‘housing for all’ by 2022.

Post the budget, that opened a jackpot for affordable housing with a mammoth budget of Rs 4,000 crore (Rs 40 billion) and tax incentives for home loans, the mission got another facelift.  

In July 2014, RBI also tweaked the definition of affordable houses. As per the changed norms, home loans up to Rs 50,00,000 in metropolitan cities and Rs 40,00,000 in non-metro cities will now come under the purview of affordable housing.  

Ghaziabad, an emerging hotspot in NCR  

Ghaziabad is expected to be the next hotspots in NCR due to the robust connectivity they have with Noida, Gurgaon, Greater Noida and Delhi.  

Ghaziabad is a newly formed residential and industrial part of the city, and is being developed as a self-sustained sub-city, with malls, wide roads, tall buildings, commercial centres and educational institutions.

There are plans of extending the (Delhi) metro to the city to ease travel between Ghaziabad and Delhi. 

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