affordable housing

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.

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.

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.

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.

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.

Banks are urging the government to redefine affordable housing by updating property value and size thresholds to account for inflation and rising interest costs. Current limits, set years ago, no longer reflect the market realities, impacting the accessibility of homeownership for many.

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

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.

Industry players said one of the biggest drivers behind Noida’s evolution into an ultra-luxury housing destination has been the growing presence of branded developments.

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.

Move To Boost Redevelopment; Developers May Get 3+ FSI, More Land

Move To Boost Redevelopment; Developers May Get 3+ FSI, More Land

Housing sales in eight major Indian cities saw a 2 percent dip in early 2026. Demand slowed, especially in affordable housing. Bengaluru, however, showed strong growth. Other cities like Mumbai and Pune experienced declines. New housing supply remained steady. This indicates a shift towards quality-driven demand in the residential market.

Odisha leads the nation in completing houses under Pradhan Mantri Awas Yojana-Urban (PMAY-U 2.0), consistently securing the top spot since March 2025. The state has achieved significant progress, with 2,008 houses completed and many more underway. This success is credited to strong coordination and swift execution, with officials aiming to finish remaining projects ahead of schedule.

A young couple's struggle to buy a home in Bangalore, despite dual incomes, contrasts sharply with their swift purchase of a three-bedroom house in the UK on a single salary. The viral X post highlights India's 'broken' real estate market, marked by exorbitant prices and a lack of transparency, while the UK offered affordability and a smooth, honest buying process.