Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work
5 years, 2 months ago

Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work

Firstpost  

Union Finance minister Nirmala Sitharaman has hinted about specific measures to address the slowdown in the country’s real estate sector. Some time ago, the government had announced a dedicated Rs 10,000-crore special fund to provide last mile funding for the real estate sector. The persistently high prices in major pockets have severely impacted the prospects of the real estate sector. The bottom line is that the government/RBI stimulus will have only a limited impact on the sector unless the real estate developers show a willingness to cut the high prices.

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History of this topic

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
5 months, 2 weeks ago

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up

Hindustan Times  

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. Urban development proposals The finance minister in her seventh straight budget said that three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations …

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister
5 months, 2 weeks ago

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today and the real estate sector hopes that the government will focus on affordable and middle income housing in the Budget. The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. The government should raise the deduction limit for interest payment …

Budget 2023: Will FM Sitharaman Make Property Purchase Easier for Homebuyers?
1 year, 11 months ago

Budget 2023: Will FM Sitharaman Make Property Purchase Easier for Homebuyers?

News 18  

The Indian housing sector did reasonably well in 2022. The budget could include increased funding for the Pradhan Mantri Awas Yojana, a government programme that provides affordable housing to the urban and rural poor. Announce tax incentives Under Section 24 of the Income-tax Act of 1961, homebuyers can currently claim an income tax deduction for the interest paid on their …

Budget 2023: Real estate sector's expectations from Finance Minister Nirmala Sitharaman
1 year, 11 months ago

Budget 2023: Real estate sector's expectations from Finance Minister Nirmala Sitharaman

India TV News  

Budget 2023: Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2023 on February 1. Real Estate Sector Expectations The real estate sector in India is one of the highest contributing sectors and the second-largest employment generator after agriculture. Co-working spaces have emerged as a major contributor to the commercial real estate sector and 10% on the receipts lead …

Budget 2021: Did Nirmala Sitharaman meet expectations of real estate sector?
3 years, 11 months ago

Budget 2021: Did Nirmala Sitharaman meet expectations of real estate sector?

India Today  

Affordable housing, tax deduction on home loan interest, debt financing for REITs and InvITs and boost to infrastructure in Union Budget 2021-22 are expected to be the biggest gains for the real estate sector in India. IndiaToday.in spoke to some experts from the real estate sector to understand what they think were the hits and misses of Union Budget 2021: …

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy
4 years, 1 month ago

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Hindu  

A day after announcing a scheme to boost manufacturing sector, Finance Minister Nirmala Sitharaman is meeting the press to announce more stimulus. The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. 3000 crore for …

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget
4 years, 11 months ago

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget

India Today  

Finance Minister Nirmala Sitharaman will present her second budget for the next fiscal year starting April 1, 2020, at a time when several issues are plaguing the economy. Economists have unanimously asked the government to focus on spending in key sectors like infrastructure and also provide tax breaks to middle class for boosting demand. Rebuilding real estate Since the real …

Budget 2020: Expect Nirmala Sitharaman to continue with govt's focus on infrastructure development; will boost job opportunities
4 years, 11 months ago

Budget 2020: Expect Nirmala Sitharaman to continue with govt's focus on infrastructure development; will boost job opportunities

Firstpost  

While commercial housing is on an upswing, rental housing is a very important aspect that should have renewed focus and policy measures to boost residential real estate in the Budget There are great expectations from Budget 2020 to fuel consumption, increase demand in the market and aid the economy on its way to recovery, given that the initial dust arising …

Budget 2020: Why reviving real estate holds key to boosting growth
4 years, 11 months ago

Budget 2020: Why reviving real estate holds key to boosting growth

India Today  

India's real estate sector has been witnessing a prolonged period of weak sales, resulting in a sharp decline in its contribution to the country's Gross Domestic Product. Rebuilding Real Estate | India Today Insight Despite the government's measures to revive the ailing sector, there has been no positive outcome with just marginal growth of one per cent in 2019. "Some …

Budget 2020: Real estate sector urges govt to provide infra status; boost demand to address liquidity, stress issues
4 years, 11 months ago

Budget 2020: Real estate sector urges govt to provide infra status; boost demand to address liquidity, stress issues

Firstpost  

The realty industry is looking to draw the government’s attention towards needs to take steps to boost liquidity, lower stamp duty, incentivise rental housing and affordable segment, rationalise taxation and lower home loan interest rates. Ketan Musale, Director, Dotcom Realty The real estate sector is very optimistic about the upcoming Budget in 2020 as we hope that it will include …

Is the government's bailout package for real estate enough to revive the sector?
5 years, 2 months ago

Is the government's bailout package for real estate enough to revive the sector?

India Today  

Much in line with the announcements made by Union finance minister Nirmala Sitharaman in September, the cabinet on November 7 approved a Rs 25,000 crore special window to provide funding to stalled housing projects in a bid to revive the sector. "The funds will be used to provide priority debt financing for the completion of stalled housing projects in the …

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors
5 years, 2 months ago

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors

Firstpost  

The present decision to open a new window for finance is hence quite timely and should address to a large extent the woes of the real estate segment The improvement in the World Bank Doing business rank is just a statistic, but sounds good in the global context. The decision taken to create an Alternative Investment Fund for Rs 25,000 …

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector
5 years, 2 months ago

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector

Business Standard  

In a cabinet meeting, on Wednesday, Finance Minister Nirmala Sitharaman approved setting up of a Rs 25,000-crore alternative investment fund to revive around 1,600 stalled housing projects across top cities in the country. At present, the Mumbai Metropolitan Region and the National Capital Region are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, …

Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail
5 years, 2 months ago

Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail

Firstpost  

The big relief to the home buyers and developers in Sitharaman�s announcement is that the fund can be availed by even those projects that are tagged as NPAs by banks The Union Finance Minister Nirmala Sitharaman’s announcement that the government will take the initiative to set up a Rs 25,000 crore Alternative Investment Fund to lend a helping hand to …

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects
5 years, 2 months ago

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects

Firstpost  

In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore …

Nirmala Sitharaman hints at booster dose for realty sector; admits previous measures may not help revive demand
5 years, 2 months ago

Nirmala Sitharaman hints at booster dose for realty sector; admits previous measures may not help revive demand

Firstpost  

Finance minister Nirmala Sitharaman on Tuesday said the government and Reserve Bank are working to resolve the issues being faced by realty sector Mumbai: Finance minister Nirmala Sitharaman on Tuesday said the government and Reserve Bank are working to resolve the issues being faced by realty sector. Admitting that realty sector has been left out of the booster measures announced …

Nirmala Sitharaman hints at more sops for housing sector
5 years, 2 months ago

Nirmala Sitharaman hints at more sops for housing sector

India TV News  

Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India are in the process of resolving the issues faced by the real estate sector. "The government is working together with the RBI to see how best we can tweak the existing norms wherever necessary to …

Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
5 years, 3 months ago

Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed

Firstpost  

CREDAI’s national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact. CREDAI’s national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact as it excludes those projects which are either facing insolvency proceedings or become non-performing assets. In July, the National Housing …

Nirmala Sitharaman 'clueless' in dealing with economic slowdown, steps to boost economy 'cosmetic': Congress
5 years, 3 months ago

Nirmala Sitharaman 'clueless' in dealing with economic slowdown, steps to boost economy 'cosmetic': Congress

India TV News  

The Congress on Saturday alleged that Finance Minister Nirmala Sitharaman was "clueless" in dealing with the economic slowdown and termed the latest steps announced by her to boost the economy as "cosmetic" and "piecemeal". The Congress' attack came after Sitharaman announced an over Rs 70,000-crore package for export and real estate sectors, including setting up of a stressed asset fund, …

Special ₹10,000 crore window to extend funding to incomplete housing projects
5 years, 3 months ago

Special ₹10,000 crore window to extend funding to incomplete housing projects

Live Mint  

Finance Minister Nirmala Sitharaman today announced a number of measures to boost the housing and export sector. This includes a ₹10,000 crore special window to extend funding to incomplete housing projects. In recent weeks, the government has announced a slew of measures, including front-loading of public expenditure, and improved access to credit for businesses and capital infusion into state-run banks …

Centre to make major announcements for real estate industry, stalled projects
5 years, 4 months ago

Centre to make major announcements for real estate industry, stalled projects

Hindustan Times  

After a slew of reform measures announced in the past fortnight, the Central Government is likely to come up with major announcements to boost the real estate industry this week. Earlier, the finance minister had met the stakeholders of the real estate sector including developers and home buyers. According to official sources, the package for real estate industry would include …

Nirmala Sitharaman announces measures to revive economic growth, says more to follow | Highlights
5 years, 4 months ago

Nirmala Sitharaman announces measures to revive economic growth, says more to follow | Highlights

India Today  

In a much-anticipated press conference, Finance Minister Nirmala Sitharaman on Friday announced a slew of measures to revive economic growth. Fresh measures announced to boost auto sector Government goes all out to boost purchase of houses, vehicles and consumption goods; approves additional liquidity to support HFCs by NHB taking the total to Rs 30k crore: Union Minister @nsitharaman #GovtBoostsEconomy pic.twitter.com/fKCETDIdYx …

Sitharaman, real estate developers discuss liquidity issue, need for stress fund
5 years, 4 months ago

Sitharaman, real estate developers discuss liquidity issue, need for stress fund

Live Mint  

New Delhi: Finance Minister Nirmala Sitharaman on Sunday met real estate players and discussed ways to create demand in the country's real estate market The major subjects discussed in the meeting included liquidity problems and completion of stalled projects. Speaking to reporters after the meeting, Niranjan Hiranandani, the President of National Real Estate Development Council, said that the issue of …

Realty stocks down despite thrust on affordable housing in the Union Budget
5 years, 6 months ago

Realty stocks down despite thrust on affordable housing in the Union Budget

Live Mint  

Mumbai: Shares of realty companies were down despite thrust on affordable housing in the Union Budget. Finance Minister Nirmala Sitharaman in the Union Budget said the government plans to build 19.5 million rural houses in the second phase of its “Housing for All” programme. To further stimulate economic growth and accelerate corporate earnings, the government should also consider a reduction …

Budget 2019: Real estate sector seeks higher tax incentives for buyers, developers
5 years, 6 months ago

Budget 2019: Real estate sector seeks higher tax incentives for buyers, developers

India Today  

India's real estate sector has been witnessing a gradual slowdown since the Narendra Modi-led government had announced demonetisation in 2016. Several real estate brokerages and experts said the effects of government reforms introduced over the past few years still continue to trouble the sector, which contributes highly to India's GDP. But the output of the real estate sector has dampened …

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