There has not been any precedence of major interest rate cuts, ahead of the union budget’s presentation. On the contrary, major financial policy decisions are put on hold or deferred, ahead of the budget. … READ FULL STORY
Right before Union Budget 2017-18, the issue of budget or affordable housing, is once again in the spotlight. As the central government reiterates its commitment towards ‘Housing for All’, this aim cannot be fulfilled … READ FULL STORY
Prime minister Narendra Modi, on the eve of new year, had announced an interest rate subsidy scheme on home loans. It is expected that this move, will provide a huge boost to the realty … READ FULL STORY
The ministry of Housing and Urban Poverty Alleviation (HUPA), on January 18, 2017, has approved the construction of 78,703 additional affordable houses for the Economically Weaker Sections (EWS) in the states of Tamil Nadu, … READ FULL STORY
Union minister, M Venkaiah Naidu, on January 11, 2017, announced that the government is planning to add 40 new cities to its list of Smart Cities, taking the total to 100. Since January 2016, … READ FULL STORY
The year 2016 was an interesting one for real estate markets. A number of initiatives, like the passage of the Real Estate Regulatory Bill in March 2016, amendments to REIT guidelines in budget 2016-17 … READ FULL STORY
“Demonetisation has impacted the resale market, which is otherwise flush with transactions involving black money or unaccounted cash. Consequently, the number of transactions in the secondary market has come down,” explains Vijay Gupta, CMD, … READ FULL STORY
The top five hotspots for residential property investment in the country today, are Mumbai, Bengaluru, Hyderabad, Ahmedabad and Chennai. Not only are these cities attracting new businesses and industry, their respective governments are also … READ FULL STORY
For the real estate sector, 2016 will be remembered as the year of dramatic policy changes. These changes have the potential to usher in a more organised, cleaner and more transparent real estate market … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
Post-demonetisation, the affordable housing segment, which is confined to the fringe areas of metros, is expected to get a boost as land prices will plummet in the next few years, especially in far-flung areas … READ FULL STORY
When Ramakanth Sharma bought an apartment in a senior housing project in Bhiwadi, his decision was based more on the property’s affordability, than the concept of senior housing. Sharma himself had no plans to … READ FULL STORY
The Maharashtra government, on November 9, 2016, signed an agreement with Canada, to implement a joint action plan on urban infrastructure development in the state. The Canada-Maharashtra action plan seeks to introduce companies, solutions … READ FULL STORY
