15

What Ails Gurugram's Affordable Housing Segment

The real estate market of Gurugram - previously called Gurgaon - is primarily known for its glitzy office buildings and luxury housing projects which accommodate the C Suite and upper management category buyers who work in these buildings. A fact that is not so often talked about is that Gurugram, like any other modern city, depends on the services of blue collar and even EWS category citizens to stay viable. Unfortunately, Gurugram's performance in terms of providing housing which is affordable to such people has been less than stellar in the past.

811

Noida Transport Nagar may finally see light of the day

Noida: Almost over a decade after the concept of Transport Nagar was tabled during one of the board meeting and was given go green single, Noida officials are now considering bringing out an allotment scheme for transporters and bus operators in the city.

AlokTandon, Chief Executive Officer cum Chairman of Noida, last week assured joint association of transporters and bus operators that his officers will work out to bring out a new scheme for allotments of developed plots to eligible applicants through draw of lots. He sought time of two weeks for finalizing the scheme after which it will be launched.  

211

Dakshinayana -- The Enduring Pull of the Southern Parts of Cities

Be it South Delhi, South Mumbai, South Chennai, South Kolkata or South Bangalore - the Southern parts of any metro city have always ranked at the top of that city's property pyramid. These precincts are generally seen as the most prime and posh residential destinations and have historically housed the Who’s Who of the city. If one wants to announce oneself or one's business socially, buying a home or opening an office in these parts has always been seen as a pretty good bet.

491

Young Couples Buying Home These Festivals? Here Is Some Advice

While the cosmetics market and its customers wrestle with new age-defying and age-reversing concepts and products, there is one market segment that has actually discovered the fountain of youth. Over the three decades, the grey has been gradually leaching out of the Indian home buyer's profile, leaving full heads of natural black hair and unwrinkled faces in its wake.

Gone are the days when only the elderly could or would buy homes on the back of their life savings. Thirty years ago, the typical Indian home buyer was invariably aged above 50 and cashed in his or her provident fund to finally make the dream of homeownership come true.  

314

Housing For Urban Poor -- A Gargantuan Challenge

Urbanization is central to a country’s economy – and in India, the urbanization rate corresponds to 60% of the country’s GDP. For smoother transformation of a developing nation like India, the need of the hour is to manage the process of urbanization. The rapid pace of urbanization has given rise to many grave issues – one of them being housing shortage.
 
Urban land in India, constituting 3.1% of the country’s land area, presents a complex situation where high urban densities co-exist with sub-optimal utilization (India Habitat Report, 2016). The inward migration of massive chunks of population from rural areas and peri-urban areas to urban areas in search of livelihood and better living conditions is continually exacerbating the shortage of housing in our cities.