Finance minister Arun Jaitley said he has also allocated Rs 4,000 crore to affordable housing for the urban poor through the National Housing Bank (NHB) and plans to extend incentives for housing loans. Slum development has been made part of corporate CSR activities.
According to the sources of Times of India, Real estate market witnesses drop in first half of 2014. Now, realestate is performing well in Hyderabad, Bangalore etc. Recently, When I went to see property in Hyderabad, cost of an individual house in outskirts of hyderabad is around 40 Lakhs, which is actually around 30 Lakhs in 1st half of 2014.
99acres Insite is a quarterly report focusing on buying and rental price trends in residential real estate across 7 major cities of India. According to this report, in Mumbai, the residential property prices per square foot have seen a minor increase in Q2-14 as compared to Q1-14. Annual comparison (Q2-14 with Q2-13) shows a 7% increase in capital prices. Rentals of a 3 BHK house have also witnessed northward movement with yearly comparison showing a 3% growth in Q2-14 as compared to Q2-13.