With the real estate sector hoping for a push from the Union Budget 2017-18, the announcement of ‘infrastructure status’ to the affordable housing sector, can serve as a significant step in achieving the government’s … READ FULL STORY
Reduction in tenure of long-term capital gains Real estate investors, who were looking for a quick exit option to switch their investment or to book profits, were often discouraged by the long-term capital gain … READ FULL STORY
The real estate sector has largely welcomed the various measures that finance minister Arun Jaitley announced in his Union Budget 2017-18 presentation on February 1, 2017. “We must appreciate the fact that the government … READ FULL STORY
“We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” finance minister Arun Jaitley, announced in his … READ FULL STORY
Post demonetisation, the real estate industry expects the government to initiate measures that boost ‘consumption’, during the upcoming budget. The challenge for the government, is to grow the economy while maintaining fiscal prudence. A … READ FULL STORY
1. More clarity on REITs Easing the guidelines for real estate investment trusts (REITs), will open the way for the realty sector to get easy funding and ensure timely completion of projects, say developers. … READ FULL STORY
Disha Kansara Chawla Senior executive search professional, Mumbai Many average Indians now own two houses – one to live in and one through which they earn retirement benefits. It is very difficult to buy … READ FULL STORY
In the 2016-17 union budget, the government introduced several measures to boost affordable housing. Among the significant ones, it provided 100% tax exemption on profits, for developers building homes up to 30 sq meters … READ FULL STORY
Many within the Indian real estate fraternity, privately admit that the government’s demonetisation drive, has done more damage to the real estate business than even the Lehman Brothers crisis. “The sector has suffered badly, … READ FULL STORY
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
The central government has repeatedly stated its intent to deal with benami transactions. It is, hence, expected that several concrete steps and financial curbs on benami transactions may be announced in the Union Budget … READ FULL STORY
The real estate sector has been plagued by many challenges, including delays in projects owing to funding issues, complicated government diktats, unclear records and land titles and delays in obtaining approvals. The passage of … READ FULL STORY
The Indian realty sector is slated to become the fastest-growing realty market, in the next few years. With a rapidly growing population, high GDP and rising income levels, the infrastructure in rural and urban … READ FULL STORY
