Real estate firms target middle-income buyers

Bengaluru: With low-income homes not fetching enough margins and luxury homes not finding enough takers, builders have found a sweet spot in middle-income housing projects, where buyers are willing to put up Rs25-50 lakh for a home of their own. Among developers who have launched mid-income housing projects recently are Shapoorji Pallonji Real Estate, Hiranandani Group and Puravankara Projects Ltd. “More and more builders are … Continue reading Real estate firms target middle-income buyers

Investment Schemes: LIC of India

LIC Jeevan Labh Plan ( Table number: 836) Jeevan Labh is one of the bestselling endowment insurance plans offered by LIC. Rated alongside some of the best endowment insurance plans available for Indian insurance seekers, this non-market linked, with profit plan comes packed with a host of benefits for the policy holders. Available to anyone, in the age group of 8-59 years, this limited premium … Continue reading Investment Schemes: LIC of India

Change in carpet area rule may spur housing demand in Karnataka

The Centre’s recent move to increase the carpet area for residences eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) has come as a boon for the affordable housing sector in Karnataka. This will apply to the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (urban) that aims to provide houses to all by 2022. Under the MIG-I category, the carpet … Continue reading Change in carpet area rule may spur housing demand in Karnataka

Piramal Capital to pump in Rs 5,000 crore in Hyderabad’s real estate

In its bid to boost its business from the real estate segment, Piramal Capital on Thursday said it has committed to invest more than Rs 5,000 crore in in Hyderabad’s real estate sector over the next two years. “We have always believed in the growth potential of Hyderabad. We, therefore, made a conscious decision to act as first movers in the market and started deploying … Continue reading Piramal Capital to pump in Rs 5,000 crore in Hyderabad’s real estate