affordable housing

India's urban areas face a growing affordable housing crisis, with the deficit projected to reach 30 million units by 2030. Developers are shifting focus away from affordable homes due to land scarcity and financial viability challenges, leading to a significant drop in new affordable housing launches.

London's planning rulebook is getting a major overhaul to boost home construction. City Hall aims to halve the London Plan's length, simplifying rules for developers and councils. This move seeks to unlock stalled projects, increase affordable housing, and address an 84% drop in house-building over the past decade. The Mayor will gain more power to intervene in planning decisions.

The Pradhan Mantri Awas Yojana – Urban 2.0 offers affordable housing solutions for low and middle-income families in cities. Through initiatives like Beneficiary Led Construction and Affordable Rental Housing, the scheme aims to provide financial assistance and accessible living spaces. Eligibility is based on income and requires no prior pucca house ownership.

For countless individuals, the dream of owning a home seems increasingly out of reach due to escalating prices and limited access to financing. In response, governments are launching a spectrum of housing initiatives.

The Union Territory of Dadra and Nagar Haveli and Daman and Diu has launched SPARSH 2.0, a new housing initiative to boost affordable rental homes for workers and the economically weaker sections. Government agencies and PSUs are encouraged to build or convert complexes into low-cost rental units, aiming to enhance living conditions and support the 'Housing for All' mission.

Government housing schemes in India are vital for first-time homebuyers facing high property prices and limited affordable options. Programs like PMAY-U 2.0 for urban areas and PMAY-G for rural regions, alongside state-level initiatives like MHADA and DDA, offer structured pathways to homeownership.

In a groundbreaking move, Prince William has announced plans to sell off 20% of the Duchy of Cornwall's estate, projecting to generate £500 million over the next ten years. This money will be pivotal in developing thousands of affordable housing units, enhancing job opportunities in rural communities, and initiating comprehensive environmental restoration across England.

Mumbai's affordable housing dream is within reach! MHADA's 2026 lottery offers 2,640 homes across various income groups, with applications closing May 28. This transparent, online process provides a chance for eligible Maharashtra residents to own property. Discover locations, eligibility, and how to apply for your dream home.

Former Greek Prime Minister Alexis Tsipras has re-entered politics, launching a new left-wing party ahead of next year's elections. He aims to challenge the current government by focusing on issues like income inequality and affordable housing. Tsipras, a polarizing figure, previously led Greece through its debt crisis, a period marked by intense negotiations with European creditors and the IMF.

Britain's youth face a grim reality of job scarcity and housing insecurity, with a 6% surge in homelessness and a projected 25% rise in 'Neet' individuals. Young people like Josh and Faye are sending thousands of applications for scarce entry-level jobs, often facing rejection and struggling to find affordable housing. Experts warn of worsening outcomes without urgent intervention.

With new climate targets just approved, a European carbon tax now in force, and billions being committed to hydrogen pilots, India's steel sector faces a moment it can no longer defer.

New PMAY-U 2.0 guidelines offer a 4% interest subsidy on housing loans up to Rs 8 lakh for urban poor and middle-class families. Aiming to support one crore families by 2029, the scheme also includes provisions for women-led ownership and affordable rental housing, enhancing urban living standards and access to homes.

Faridabad's real estate is booming, driven by the upcoming Noida International Airport and improved connectivity. NeoLiv Golf One achieved record sales of Rs. 1,251 crore in six hours, highlighting strong investor confidence. BPTP Limited also launched Skynest, further boosting residential demand in the region.

Homebuyers in 2026 face a complex affordability landscape. While loan rates are historically low, rising construction costs and a shrinking supply of affordable homes present challenges. Buyers must honestly assess their finances and consider long-term implications for a sustainable purchase.

Parina Laxmi Apartment in Sec 99A worst hit as no backup leaves residents high & dry