Tag: #Nirmala Sitharaman

CREDAI calls for the removal of the GST on free-of-charge apartments offered in redevelopment projects.

June 2, 2023

NEW DELHI: In order to make rehabilitation projects economically viable, particularly in the Mumbai region, realtors’ group CREDAI has urged the government to abolish the GST on units that are provided free of charge to current tenants. When meeting with Union Finance Minister Nirmala Sitharaman, a delegation from CREDAI and CREDAI-MCHI made an official representation […]

CREDAI calls for the removal of the GST on free-of-charge apartments offered in redevelopment projects.more

Developers’ body seeks to defer housing loans EMI for a 12months.

March 25, 2020

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

Latest Update: Finance Minister Nirmala Sitharaman budget speech 2020 highlights.

February 1, 2020

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

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.

November 21, 2019

The Forum for People’s Collective Efforts (FPCE) lobby of homebuyers requested involvement by Prime Minister Narendra Modi to avoid any attempt to prevent homebuyers from moving the National Company Law Tribunal (NCLT) against errant builders. Last year the Government implemented the Insolvency & Bankruptcy Code to consider homebuyers as financial creditors and authorize them, in […]

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.more

The cabinet opens Rs 25,000 crore window for projects that are on hold.

November 7, 2019

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

The government is working on reviving the real estate sector, says Nirmala Sitharaman.

November 6, 2019

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

CREDAI Chairman showcases the government measures to be a set of a disappointment for the growth of the real estate industry.

September 23, 2019

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

Rs. 10,000 crore stressed fund has been announced by FM Nirmala Sitharaman to complete the stalled projects.

September 16, 2019

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

Get ready for upcoming waves in Real Estate India this year

The next set of Relief Measures can be for the Real Estate Sector: MoS Thakur.

September 7, 2019

By Abhay Shah, Realty Quarter Minister of State for Finance Anurag Thakur said the government will quickly follow up with its next set of relief measures, this time for the real estate industry. For multiple factors, including tight liquidity, many builders default, and high property costs, the real estate industry is facing a multi-year slowdown […]

The next set of Relief Measures can be for the Real Estate Sector: MoS Thakur.more

For all new housing loans, Banks are required to pass on rate cuts.

September 6, 2019

By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]

For all new housing loans, Banks are required to pass on rate cuts.more

Tag: #Nirmala Sitharaman

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