Real estate developers body is looking for a 12-month deferral of housing loan instalments, a 2-year moratorium on project loans, issuance of building plans and other permits that are being supported by payment of fees, and other steps to help the real estate industry in UP and Haryana. The National Real Estate Development Council (NAREDCO-UP) has […]
Developers’ body seeks to defer housing loans EMI for a 12months.more
Budget 2020 has given the real estate industry and the common man many surprises. Many demands were anticipated from the real estate sector in the 2020 budget, but only a few received the attention of the minister of finance. Let us check some of the main budget announcements and their effect on the real estate […]
Budget 2020: How it will benefit the real estate segment?more
Finance Minister Nirmala Sitharaman today introduced a new discretionary personal income tax regime and unveiled a multibillion-dollar farm, infra and healthcare package to boost the country’s economy. Emphasizing capacity building and empowering oppressed sections of the society while preserving the creators of wealth, Sitharaman said this budget would improve people’s income and purchasing power. Finance […]
Latest Update: Finance Minister Nirmala Sitharaman budget speech 2020 highlights.more
In order to reactivate the main industry, also to boost the economy and to provide aid to home buyers, the cabinet approved Rs 25,000-crore special windows to finance housing projects that are stalled. The money will be available for projects that are “net worth positive,” FM Nirmala Sitharaman said. There will be potential distribution to […]
The cabinet opens Rs 25,000 crore window for projects that are on hold.more On Tuesday, Finance Minister Nirmala Sitharaman flagged concerns about the real estate sector problems, saying that much attention is needed in the ailing industry. “The Indian Government is extremely committed to and works with RBI to see how best we can change existing legislation, where it is required, and assist the people in this particular sector […]
The government is working on reviving the real estate sector, says Nirmala Sitharaman.more
By Abhay Shah, Realty Quarter India’s apex realtors group has been disappointed with the government’s support measures to the industry since it has been unsuccessful on important requirements for house buyers and builders such as tax rebates and reduced interest rates. According to Jaxay Shah, CREDAI’s National Chairman, the Fund established to complete the stalled estate projects […]
CREDAI Chairman showcases the government measures to be a set of a disappointment for the growth of the real estate industry.more By Abhay Shah, Realty Quarter Finance Minister Nirmala Sitharaman announced Rs 10,000 crore special window to support for last-mile funding of non-NPA and non-NCLT housing projects on September 14. Incompleted projects of almost 3.5 lakh units throughout the nation will be relieved. The FM said at the fourth such conference since mid-August it announced initiatives to […]
Rs. 10,000 crore stressed fund has been announced by FM Nirmala Sitharaman to complete the stalled projects.more By Abhay Shah, Realty Quarter On 11 August, after the industry and homebuyers met with Finance Minister Nirmala Sitharaman to emphasize their issues regarding liquidity crunch, demand slowdown and stalled projects, the government proposed it would soon solve the problems that are affecting the real estate sector. The Minister of Finance conducted two separate meetings on August 11 – the first with the two apex realtors’ industry bodies CREDAI and NAREDCO, and the second with homebuyer associations to address the problems related to the property industry and measures to improve […]
Nirmala Sitharaman held meetings to discuss real estate sector issues and measures to be taken to strengthen the industry.more
By Abhay Shah, Realty Quarter The Finance Minister has proposed a tax benefit of Rs.1.5 lakhs in regard of the home loan made for the purchase of an affordable house up to the value of Rs.45 lakhs subject to certain circumstances in order to give impetus to the ‘Housing for All’ mission by 2022. For […]
Union budget 2019 announces additional tax benefit of Rs 1.5 lakhs on Home loans.more
By Realty Quarter Bureau Finance Minister Arun Jaitley offered very less for Indian Real Estate Sector 2018. Finance Minister Shri Arun Jaitley presented his 4th budget and this time he has very much less to serve the real estate sector. Government will also establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank, funded from priority sector […]
Budget 2018: What govt. offered Real Estate Sector?more