There were no cheers for finance minister Arun Jaitley’s budget from builders and real estate experts, who feared a further dip in realty sales in the NCR due to a hike in construction costs coupled with no fresh tax breaks for housing loans. Industry insiders said the increase in service tax and excise duty, added […]
Gurgaon and Mumbai – two of India’s largest real estate markets – are set to witness a correction in property prices, say analysts. With the Bharatiya Janata Party (BJP) emerging as the single-largest party in Haryana and Maharashtra, experts say the new governments led by the BJP are likely to push land reforms and expedite various […]
Haryana Chief Minister Manohar Lal Khattar on Tuesday launched e-registration of properties in all the 130 tehsil and sub-tehsils of the State to mark the completion of 100 days of his government. Declaring that he wanted to provide a corruption-free governance in the State, Mr Khattar said already a CM Window has been opened in […]
The Haryana government will now allow real estate companies to hold joint development and marketing rights for projects that do not entail a change in land use to anything other than what it was originally granted for. In other words, if a licence has been granted to develop a group housing society, then two or […]
You would have heard of someone who is a pro when it comes to investment. They would buy a property, stay invested for some time, exit the market only to re-enter somewhere else and gradually the value of their investment just gets bigger! Sounds almost like a dream? Here are some tips. Case 1: You […]
The atmosphere this week in the country is abuzz with Budget 2015 discussions. Several experts have shared their predictions and wish lists on the real estate sector and questions around it. To add to the ring, Vaibhav Sankla, director, H&R Block shares his opinion on “The scope in budget for more tax incentive for home […]
Land Acquisition Bill tabled today by the Modi government triggered an uproar in the Parliament, with the Opposition contending that the Bill was not pro-farmers. This has not gone down well with civil society activist Anna Hazare who is holding a protest at Jantar Mantar, near parliament today in lieu of this. The Right to […]
Burgeoning population and stress on existing natural resources has triggered the need to boost sustainable or Green Housing in India. In the upcoming Union Budget 2015-16, the real estate industry expects the Government to provide incentives to give the required thrust to this sector. Offering higher Floor Area Ratio (FAR) and other tax sops and […]
The concept of Smart Cities is a vision provided by the Modi government in its first Union Budget in July 2014. Smart cities got a boost with a Rs 7,000 crore fund allocation for the initial framework. The industry is confident that in the upcoming Budget on February 28, encouraging reforms would be announced for […]
Given the government’s big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans. In an interview to CNBC-TV18, Navin Raheja, chairman and managing director, Raheja Developers says the government would work at giving more disposable income into the hands of consumers. […]