Real Estate
Business Today
Real Estate
Haryana govt fixes prices of affordable homes

A spokesperson of the Town and Country Planning department said in Gurgaon circle alone, 34 licences for affordable houses have been granted by the state government - 23 in Gurgaon city, 9 in Sohna and 2 in Rewari.

This will be KKR's second non-banking finance company in India, it said in a statement.
DDA had directed the banks to refund the deposit money to unsuccessful applicants by December 31, 2014.
The improving economic conditions and measures introduced by the government give hope of real estate recovery, say experts.
Advocate Janak Dwarkadas, for DLF, contended that Sebi failed to furnish a post-investigation report under FUTP rules and did not give DLF chance to represent itself.
A senior official said that DDA would transfer the entire money deposited with it to the respective bank accounts by December 18.
The price range of the flats is between Rs 40 lakh and Rs 1.25 crore.
In a recent note, the Prime Minister's Office had asked the retirement fund body to promote affordable housing for its subscribers and use its funds for the purpose.
The DDA had recently issued allotment-cum-demand letters to nearly 11,000 applicants following directives of the Supreme Court.
Factors like low demand and slow sales coupled with a huge debt and high interest rates continued to exacerbate industry. Yet, a friendly budget set the hope for reforms.
HDFC, GIC, Temasek and Oman's State General Reserve Fund declined to comment. The sources declined to be named as the fund raising plan is not public yet.
According to a report by PwC, the rankings for the three major metros, among the 22 cities surveyed, have improved significantly as compared to last two years.