Mumbai Affordable Housing

Among the swanky skyscrapers of India's financial capital Mumbai, hundreds of dangerously dilapidated buildings facing demolition are crowded with families risking their lives rather than braving impossibly high rents.

The stunning images show uniquely shaped, modern buildings elevated in the air, floating over Mumbai's cityscape.

Macrotech Developers, a Trump Tower developer in Mumbai, to Godrej Properties, controlled by billionaire Adi Godrej's family, are building more low-cost homes as the credit squeeze crimps demand for posh properties. New home starts rose 21 per cent across seven of India's biggest cities led by affordable flats, highlighting pent up demand in the se...

Among the four metro cities, Chennai and Delhi stood at the second and third positions in terms of least affordable cities - with HPTI ratios of 58.6 and 58.5 respectively - while Kolkata emerged the most affordable city (HPTI ratio of 56.5).

In 15 of the 100-plus municipalities surveyed by Bloomberg, the monthly housing cost for units used in the analysis would be at least double an average income. Mumbai, Buenos Aires and Kiev led the "impossible dream" pack.

Development Corporation (CIDCO), a state planning agency,today announced a lottery for 14,838 affordable apartments in the Navi Mumbai area.

The government plans to construct at least one million affordable homes and create eight million jobs.

Mumbai: The collapse of a 117-year-old apartment block in a crowded neighbourhood in Mumbai last month highlighted the dismal state of affordable rental housing in Indian cities, even as tens of thousands migrate from rural areas everyday in search of jobs. Thirty-four people including a newborn baby were killed when the six-storey building collaps...

Sales in Mumbai jumped to the highest in seven years in the second quarter, according to property consultancy Liases Foras Real Estate Rating & Research Pvt.

In a bid to give a push to affordable housing and townships, it has recommended the FSI of 4 for such projects.

Hyderabad, Pune, Navi Mumbai, and Ahmedabad were among the 10 affordable property markets in the country where flats were available within the budget of Rs 30-50 lakh, according to JLL India.

Canada's pension fund is ready to invest $2 billion (Rs 13,000 crore at $1 = Rs 65) in affordable housing in Mumbai, Maharashtra Chief Minister Devendra Fadnavis said, in a move that would boost Prime Minister Narendra Modi's goal of providing cheap housing to millions of people.

Realty firm Housing Development and Infrastructure Ltd (HDIL) will invest about Rs 150 crore for the first phase of its upcoming affordable housing project at Virar in Mumbai.

In Mumbai, sea facing houses are a luxury few can afford, among them Bollywood stars and other multi-millionaires. Next week, however, that is set to change.

The flats range from Rs 11 lakh to Rs 21 lakh, the company said.

Among the swanky skyscrapers of India's financial capital Mumbai, hundreds of dangerously dilapidated buildings facing demolition are crowded with families risking their lives rather than braving impossibly high rents.

The stunning images show uniquely shaped, modern buildings elevated in the air, floating over Mumbai's cityscape.

Macrotech Developers, a Trump Tower developer in Mumbai, to Godrej Properties, controlled by billionaire Adi Godrej's family, are building more low-cost homes as the credit squeeze crimps demand for posh properties. New home starts rose 21 per cent across seven of India's biggest cities led by affordable flats, highlighting pent up demand in the se...

Among the four metro cities, Chennai and Delhi stood at the second and third positions in terms of least affordable cities - with HPTI ratios of 58.6 and 58.5 respectively - while Kolkata emerged the most affordable city (HPTI ratio of 56.5).

In 15 of the 100-plus municipalities surveyed by Bloomberg, the monthly housing cost for units used in the analysis would be at least double an average income. Mumbai, Buenos Aires and Kiev led the "impossible dream" pack.

Development Corporation (CIDCO), a state planning agency,today announced a lottery for 14,838 affordable apartments in the Navi Mumbai area.

The government plans to construct at least one million affordable homes and create eight million jobs.

Mumbai: The collapse of a 117-year-old apartment block in a crowded neighbourhood in Mumbai last month highlighted the dismal state of affordable rental housing in Indian cities, even as tens of thousands migrate from rural areas everyday in search of jobs. Thirty-four people including a newborn baby were killed when the six-storey building collaps...

Sales in Mumbai jumped to the highest in seven years in the second quarter, according to property consultancy Liases Foras Real Estate Rating & Research Pvt.

In a bid to give a push to affordable housing and townships, it has recommended the FSI of 4 for such projects.

Hyderabad, Pune, Navi Mumbai, and Ahmedabad were among the 10 affordable property markets in the country where flats were available within the budget of Rs 30-50 lakh, according to JLL India.

Canada's pension fund is ready to invest $2 billion (Rs 13,000 crore at $1 = Rs 65) in affordable housing in Mumbai, Maharashtra Chief Minister Devendra Fadnavis said, in a move that would boost Prime Minister Narendra Modi's goal of providing cheap housing to millions of people.

Realty firm Housing Development and Infrastructure Ltd (HDIL) will invest about Rs 150 crore for the first phase of its upcoming affordable housing project at Virar in Mumbai.

In Mumbai, sea facing houses are a luxury few can afford, among them Bollywood stars and other multi-millionaires. Next week, however, that is set to change.

The flats range from Rs 11 lakh to Rs 21 lakh, the company said.