While the overall talent demand was up by three per cent during April 2017, the real estate sector posted a seven per cent increase in talent demand and the construction sector saw a six … READ FULL STORY
The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades. It will eliminate the conflicting and cascading taxation structures, which have confounded … READ FULL STORY
State Bank of India, on May 8, 2017, announced a steep reduction in its affordable home loan rates by up to 25 basis points, with the lowest rate of 8.35 per cent for new … READ FULL STORY
The long awaited Mumbai Draft Development Plan (DP) 2014-2034, is in the final stages of approval and is likely to be implemented in 2017. Keeping in line with the national objective of ‘Housing for … READ FULL STORY
A study by credit information company CIBIL, has revealed that loans meant for affordable housing (home loans of under Rs 10 lakhs ticket size), have shown a robust 23 per cent CAGR over the … READ FULL STORY
Rakesh Sharma, a retired doctor, spent his lifetime savings to buy an apartment along the Noida-Greater Noida Expressway. Sharma, who already owned a house in Delhi, hoped to lead a comfortable life after retirement, … READ FULL STORY
The centre, on April 26, 2017, sanctioned the construction of over one lakh more houses for the urban poor, with an investment of Rs 4,200 crores, under the Pradhan Mantri Awas Yojana (Urban). With … READ FULL STORY
PropTiger.com, on April 26, 2017, released the findings of its ‘Realty Decoded Report’ for the January-March quarter of the financial year 2016-17 (Q4, FY17). As per the report, the real estate sector in India … READ FULL STORY
Kolkata witnessed a jump in new home launches by 53.9 per cent, at 3,801 units, in the January-March 2017 quarter, against that in the previous quarter, according to real estate data, research and analytics … READ FULL STORY
The Brihanmumbai Municipal Corporation (BMC) has proposed a surcharge of one per cent on the buying and selling of properties in Mumbai, to fund infrastructure projects. This would be enforced by the state government, … READ FULL STORY
The Prime Minister’s Office (PMO), recently held meetings to discuss deliberations around undertaking projects in the PPP mode, to boost the supply of low-cost houses. This development comes in the backdrop of the thrust … READ FULL STORY
The Lok Sabha, on March 29, 2017, cleared four bills in preparation of the upcoming rollout of the Goods and Services Tax (GST) regime: Integrated GST Central GST Union territory GST Compensation bill This … READ FULL STORY
Domestic rating agency ICRA, on March 22, 2017, said that the affordable housing segment is likely to grow over 30% over the medium term and will be the key growth driver for the mortgage … READ FULL STORY
