Tamil Nadu would sanction three lakh houses in 2017-18, under the central government’s ‘Housing for All’ scheme, union minister M Venkaiah Naidu has said. “The Tamil Nadu government has assured me that it will R
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 R
Cost-effective housing is a key problem in all developing countries but India presents a remarkable case study. While India’s constantly expanding population is the bedrock of its economic promise, it is also the source R
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 R
The move comes a day after the Prime Minister's Office (PMO) held a meeting with private real estate developers with a focus to remove "bottlenecks" to ensure private sector participation in the government's ambitious 'Housing-for-all by 2022' programme.
Monthly instalments on home loans taken for under-construction houses will attract GST from July. So will land leasing and rented properties, including the currently-exempt residential housing.
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 R
The Centre’s credit-linked interest subsidy scheme, for housing loans taken by people in the mid-income groups (MIGs), has been made effective from January 1, 2017, with EMIs to go down by over Rs 2,000 R
A parliamentary panel has asked the Housing and Urban Poverty Alleviation (HUPA) Ministry to immediately get a thorough probe done into the cases of fraud being committed by unscrupulous elements, in the name of R
India faces an estimated housing shortage of 18 million units. If the country has to deliver on the promise of â€œhousing for all by 2022â€, it translates into completing approximately three million units a year.
The real estate fraternity and home buyers, have now started analysing the fine print of the announcements made in the Union Budget 2017-18. This budget has drawn a clear distinction, between the affordable housing R
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 â€˜Housing for All‘, this aim cannot be fulfilled R
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 R
Close on the heels of the prime minister‘s new year‘s eve address to the nation, where he announced an interest subsidy scheme, the central government on January 24, 2017, has cleared another similar scheme, R
The state of the Indian economy, suggests that the government will have to walk a tight rope with the Union Budget 2017-18, amidst forecasts of a slowing economy. Although banks are now flush with R
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. R
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 R
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 R
One can foresee that the short-term impact on GDP, triggered by demonetization, and the impending elections in four states of the country, will majorly impact the policies of this year‘s budget
The Minister said house construction is not permissible under MGNREGS scheme. However, under PMAY-G convergence with MGNREGS, it has been made mandatory in the form of 90-95 days of unskilled labour wages for construction of house.
Noting that factors, such as road infrastructure and inflation seem to be closely linked to residential price movements, a report titled â€˜Indian Real Estate: Comprehending the varying speeds of growth‘ by JLL India and R
The Indian Government’s initiative of ‘Housing for All by 2022’ is a positive one, but if it has to become a reality, there is a ...
Niranjan Hiranandani, Founder and First President, National Real Estate Development Council (NAREDCO) Maharashtra, lead a delegation of ...
Goldman Sachs believes near-term demand is likely to be weak due to monsoons, which could lead to seasonal weakness in prices but it remains structurally positive on the medium-term demand and supply outlook (especially after monsoon).