Rental, affordable housing get a boost in Budget 2019
5 years, 6 months ago

Rental, affordable housing get a boost in Budget 2019

Live Mint  

The government will introduce a new model tenancy law to boost the fragmented rental housing market and has proposed further tax incentives in line with its continued effort to achieve the ‘Housing for All’ target by 2022, finance minister Nirmala Sitharaman said in her maiden Union Budget speech. “Current rental laws are archaic and do not address the relationship between the lessor and the lessee realistically and fairly,” Sitharaman said, adding that the new tenancy model would be finalised and circulated soon. “The new model tenancy, which is likely to be re-introduced, is expected to balance the rights and responsibilities of both landlords and tenants that will make the rental market more efficient and streamlined across the country,” said Megha Maan, senior associate director, research, at Colliers International India. This can help attract first-time homebuyers, besides stimulating demand for low-cost housing, said Anuj Puri, chairman, Anarock Property Consultants Ltd. “Laying down a roadmap for Rental Housing is a step in the right direction to align with global trends of co-living spaces, given the changing demographics in the country.

Housing Sitharaman Rental Rental Housing Budget 2019  likely  model  lakh  budget  2019  sitharaman  housing  boost  affordable  rental  tenancy  public  market  proposed

History of this topic

Budget 2025: NAREDCO pitches for hike in deduction on housing loan interest payment
2 days, 21 hours ago

Budget 2025: NAREDCO pitches for hike in deduction on housing loan interest payment

Hindustan Times  

National Real Estate Development Council on Monday pressed for a hike in deduction on housing loan interest payment from ₹2 lakh to ₹5 lakh and accord infrastructure status to the housing sector in the forthcoming Budget. National Real Estate Development Council on Monday pressed for a hike in deduction on housing loan interest payment from ₹ 2 lakh to ₹ …

India’s housing market in de-growth phase, pins hopes on Budget
1 week, 3 days ago

India’s housing market in de-growth phase, pins hopes on Budget

Live Mint  

New Delhi, New home sales in India declined for the first time since the pandemic, as a sharp rise in housing prices and elevated borrowing costs ruined buyers' appetite in 2024 and the real estate industry is now eyeing the upcoming Budget for favourable economic conditions a key to reviving demand conditions. India's residential real estate market, estimated to be …

Affordable housing shortage to touch 312 lakh units by 2030: CII-Knight Frank report
1 month ago

Affordable housing shortage to touch 312 lakh units by 2030: CII-Knight Frank report

Hindustan Times  

Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential market size of ₹67 trillion, a report by Confederation of Indian Industry and Knight Frank has said, adding the segment could also provide several opportunities for financial institutions. Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential …

Affordable housing market set to touch Rs 67 trillion by 2030, supplies to cross 31 million units
1 month ago

Affordable housing market set to touch Rs 67 trillion by 2030, supplies to cross 31 million units

New Indian Express  

MUMBAI: The affordable housing market is slated to touch Rs 67 trillion, offering lenders a goldmine of Rs 44.6 trillion in funding opportunities by 2030 when over 31 million units will be deployed, says an industry report. According to realty consultancy firm Knight Frank, the existing shortage plus the upcoming demand for affordable housing segment is estimated to be 30.7 …

Avg housing prices up 11pc in Jul-Sep in 8 cities, highest 32pc rise in Delhi-NCR: Report
1 month, 1 week ago

Avg housing prices up 11pc in Jul-Sep in 8 cities, highest 32pc rise in Delhi-NCR: Report

Live Mint  

New Delhi, Dec 2 India's eight major residential markets saw an average 11 per cent increase in prices annually during the September quarter on strong housing demand, with Delhi-NCR witnessing the highest appreciation at 32 per cent, according to a report. "Average housing prices across the top eight markets in India rose 11 per cent Y-o-Y at ₹11,000 per square …

Renting Crisis Grips Cities, Pushing Up Property Prices
2 months, 1 week ago

Renting Crisis Grips Cities, Pushing Up Property Prices

The Hindu  

The cost of renting homes has shot up by 26-67 percent in the last three years in key micro markets in India’s seven biggest cities. This is having an increasingly larger impact on the current incomes of the population that rents. The sharp increase in the high cost of renting is having an increasingly larger impact on the current incomes …

Bengaluru's Rental Housing Market Rejuvenates: Experts Say
2 months, 2 weeks ago

Bengaluru's Rental Housing Market Rejuvenates: Experts Say

Hindustan Times  

Bengaluru's rental housing market returns to normalcy, with average rent per month increasing by 4% in 2024 compared to 2023. While the rate of increase has stabilized, it is still higher than pre-pandemic levels. The market is expected to see annual increases in rentals to the tune of 4-8%, while property prices are expected to register a rise of 5-10%. …

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study
4 months, 1 week ago

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study

ABP News  

Indians are increasingly demanding for rental units in the range of Rs 20,000 to Rs 30,000 per month, a latest study revealed. The rent range of Rs 10,000 to Rs 20,000 was the second highest in demand at 22 per cent in the domestic housing market. Meanwhile, Delhi saw individuals preferring units with a rent range of Rs 50,000 to …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
5 months ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Budget: FM announces ₹10 lakh crore for urban housing scheme
5 months, 2 weeks ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

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 …

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all
5 months, 2 weeks ago

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all

India Today  

Finance Minister Nirmala Sitharaman announced PM Awas Yojana-Urban 2.0 aimed at housing for all while presenting Budget 2024. Finance Minister Nirmala Sitharaman says, "Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores. In the 2024 Budget, Finance Minister Nirmala Sitharaman …

Cheap, sustainable homes must amid demand boom: Eco Survey
5 months, 2 weeks ago

Cheap, sustainable homes must amid demand boom: Eco Survey

Hindustan Times  

New Delhi: The 2023-24 Economic Survey, tabled in Parliament on Monday, called for adaptive strategies and policies to provide cost-effective and sustainable housing. The survey said the real estate sector witnessed “a robust recovery” post-pandemic, with the sale of residential real estate in 2023 recording a 33% year-on-year growth, the highest since 2013. The strong desire for home ownership was …

Budget 2024: Karnataka home buyers' wishlist for FM - focus on rental housing, take measures to strengthen RERA
6 months ago

Budget 2024: Karnataka home buyers' wishlist for FM - focus on rental housing, take measures to strengthen RERA

Hindustan Times  

With record launches and transactions, the Indian real estate sector is keenly eyeing Budget 2024-25 which is slated to be tabled in the Parliament a few weeks from now. Focus on affordable rental housing and measures to strengthen RERA 2016 are among some items on Karnataka home buyers' wish list for the FM According to a Knight Frank India report, …

Govt said to plan raise in rural housing subsidies by 50% after election setback
6 months ago

Govt said to plan raise in rural housing subsidies by 50% after election setback

The Hindu  

India plans to increase state subsidies on rural housing in the upcoming Union Budget by as much as 50% from the previous year to more than $6.5 billion, after setbacks for the Bharatiya Janata Party in elections, two government sources said. The planned hike in housing subsidies is part of a broader government initiative to boost spending on rural infrastructure …

Real estate sector hopes for continued govt support for affordable housing, increase in corpus for SWAMIH Fund in Budget
6 months, 1 week ago

Real estate sector hopes for continued govt support for affordable housing, increase in corpus for SWAMIH Fund in Budget

Hindustan Times  

With the Union Budget 2024-25 set to be tabled next month, the real estate sector hopes that interest stimulants previously extended to homebuyers and developers of affordable housing that have expired in the last two years would be renewed to give a boost to the segment. With the Union Budget 2024-25 set to be tabled next month, the real estate …

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment
6 months, 4 weeks ago

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment

Hindustan Times  

Hours after taking office for a third consecutive term, Prime Minister Narendra Modi's new Union Cabinet announced its first major policy decision to provide assistance for the construction of an additional three crore rural and urban houses under the Pradhan Mantri Awas Yojana. This, say real estate experts, is aimed at ensuring continuity to the Housing for All scheme and …

Real estate sector pins hopes on Modi 3.0; pushes for focus on infra development and affordable housing
6 months, 4 weeks ago

Real estate sector pins hopes on Modi 3.0; pushes for focus on infra development and affordable housing

Hindustan Times  

The real estate sector hopes that the new government will continue to focus on infra development, affordable housing, streamlining of the regulatory framework, single window clearance mechanism and rationalization of taxes to stimulate investment and growth in the sector. With Narendra Modi taking oath as the prime minister for the third time, the real estate sector hopes that the new …

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth
7 months, 3 weeks ago

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth

Hindustan Times  

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Bengaluru witnessed the maximum price increase of 19% Bengaluru witnessed the maximum price increase …

Why are house prices so high in India? | In Focus podcast
10 months, 1 week ago

Why are house prices so high in India? | In Focus podcast

The Hindu  

February 29, 2024 04:10 pm | Updated 05:06 pm IST Housing is a basic requirement for dignity of life. But affordable decent housing remains a distant dream for most Indians, especially in urban India. Close to 17% of all households in urban India live in slums, with this percentage shooting up to 41% in a city like Mumbai and 29% …

Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class
11 months, 1 week ago

Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class

Hindustan Times  

Finance minister Nirmala Sitharaman said on February 1 that the government will launch a housing scheme for the middle class to buy or build their own houses and it will be constructing close to 2 crore homes under the PMAY rural scheme, a move that is expected to give a push to the Housing for All agenda. Real estate experts …

​Budget 2024: New housing scheme to be introduced for middle class
11 months, 1 week ago

​Budget 2024: New housing scheme to be introduced for middle class

Op India  

Union Finance Minister Nirmala Sitharaman on Thursday presented the 5th and last budget of the Modi government 2.0. One of the key takeaways of Budget 2024 is the consistency in the extension of housing scheme benefits for the rural population and the middle class. “Two crore more houses will be taken up in the next 5 years to meet the …

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech
11 months, 1 week ago

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech

The Hindu  

Giving a boost to affordable housing, the government on Thursday announced a new scheme to help “deserving” sections of the middle class buy or build their own houses. Union Finance Minister Nirmala Sitharaman also gave a push to rural housing and said two crore more houses would be made under the flagship Pradhan Mantri Awas Yojana -Rural. Ms. Sitharaman said …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
11 months, 1 week ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years
11 months, 1 week ago

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years

The Hindu  

The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Union Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Earlier this month, Prime Minister Narendra Modi released the first instalment of ₹540 crore to one lakh beneficiaries of a …

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
11 months, 1 week ago

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens

India TV News  

In her last Budget announcement before the Lok Sabha elections for 2024, Finance Minister Nirmala Sitharaman outlined various housing schemes. "Our government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorised colonies” to buy or build their own houses," she said in her budget speech. Image Source …

Interim Budget 2024: What can it do for real estate?
11 months, 3 weeks ago

Interim Budget 2024: What can it do for real estate?

The Hindu  

The Indian real estate sector, particularly housing, is at a critical juncture as we approach the Union Budget for 2024-2025. Considering the forward momentum seen in 2023, alongside global economic challenges and the stagnation in affordable housing, there are several key areas the sector should focus on in its demands from the upcoming budget. Real estate stakeholders therefore look to …

India's construction sector levels up as housing demand spurs economy
1 year, 1 month ago

India's construction sector levels up as housing demand spurs economy

Firstpost  

Home sales in India’s seven largest cities, including Mumbai, New Delhi and Bangalore, rocketed 36% in the July-September quarter from a year earlier to more than 112,000 units, despite an 8%-18% increase in prices, according to real estate consultancy Anarock. The world’s most populous nation had an urban housing shortage of around 19 million units last year - and that …

India’s Big Housing Push: Powering Development By Ensuring Homes For All - News18
1 year, 3 months ago

India’s Big Housing Push: Powering Development By Ensuring Homes For All - News18

News 18  

India has set an ambitious goal for itself – to become a developed nation by 2047, when the country will celebrate 100 years of independence. An Era of Mega Housing Schemes While in Gujarat this week, this is what the prime minister said: “Today I am satisfied because my government has built four crore houses for people across the country. …

The housing crisis for the poor in India’s capital
1 year, 4 months ago

The housing crisis for the poor in India’s capital

Al Jazeera  

As India becomes the world’s most populated country with 1.4 billion people, housing, particularly for low-income urban households, remains a longstanding challenge. Another study by the Indian Council for Research on International Economic Relations in 2020 found that India’s urban housing shortage rose 54 percent to 29 million in 2018 from 18.78 million in 2012. According to the Delhi government’s …

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities
1 year, 4 months ago

Housing for all: The Hindu Editorial on scheme to help the urban poor build houses in cities

The Hindu  

The announcement by Prime Minister Narendra Modi of a scheme to help the urban poor build houses in cities is a signal that the government is to undertake one more plan to address the problem of a shortage in urban housing. Even five months ago, its stand was that no new housing scheme had been envisaged following the extension of …

41 lakh homes in the pipeline in state
1 year, 7 months ago

41 lakh homes in the pipeline in state

Hindustan Times  

MUMBAI: Over 1.6 crore citizens are waiting for delivery of 41 lakh homes in the pipeline which has an estimated investment of ₹14 lakh crore, said Maharashtra Real Estate Regulatory Authority chairperson Ajoy Mehta emphasising why regulation was required from the government, and warned that Authority will not hesitate to use its powers to ensure developers comply with the statutory …

Should you buy or rent a house? Zerodha’s Nikhil Kamath has an answer
1 year, 8 months ago

Should you buy or rent a house? Zerodha’s Nikhil Kamath has an answer

Live Mint  

Calling the sudden spike in house rents in India a short term phenomenon, Zerodha's co-founder, Nikhil Kamath, has said that if the stark mismatch between the trend of buying and renting houses needed to reach an equilibrium, he would bet on the former. The main reason behind the rising house rents in India is the large imbalance in demand and …

Affordable housing breaks ground
1 year, 9 months ago

Affordable housing breaks ground

The Hindu  

Affordable housing is predicted to play a big part in the expansion of the Indian real estate market this year. Affordable housing has become one of the most vibrant segments of the Indian real estate market. This highlights the crucial role that the real estate sector, particularly affordable housing, can play in boosting the country’s economy. Given India’s enormous housing …

Priced out: young people needing housing face a closed door
1 year, 10 months ago

Priced out: young people needing housing face a closed door

Dutch News  

The papers are full of news about house price movements, new political drives and house building plans. Delft university housing systems professor Peter Boelhouwer calls it a ‘wicked’ market, where first time buyers and those on mid-level incomes get stuck in ‘a big poverty gap/trap.’ By 2022, he says, a two-income couple on an average income needed savings of €280,000 …

Priced out: young people needing housing face a closed door
1 year, 10 months ago

Priced out: young people needing housing face a closed door

Dutch News  

The papers are full of news about house price movements, new political drives and house building plans. Delft university housing systems professor Peter Boelhouwer calls it a ‘wicked’ market, where first time buyers and those on mid-level incomes get stuck in ‘a big poverty gap/trap.’ By 2022, he says, a two-income couple on an average income needed savings of €280,000 …

Premium home boost to India's housing market, overall sales at 9-year high
1 year, 10 months ago

Premium home boost to India's housing market, overall sales at 9-year high

India Today  

India saw a spurt in housing prices as soon as it stepped out of the pandemic. Housing sales, prices rise hand-in-hand Mumbai and Bengaluru are among the top five best-performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2022. While housing prices in Mumbai and Bengaluru rose by 7 per cent annually, housing prices …

Roof over the head: How PM Modi's housing scheme for the poor is central to winning 2024
1 year, 11 months ago

Roof over the head: How PM Modi's housing scheme for the poor is central to winning 2024

Firstpost  

Free housing for the poor under Pradhan Mantri Awas Yojana has been a fundamental driver of the BJP’s growth in the Hindi heartland New Delhi: Soon after Finance Minister Nirmala Sitharaman announced a whopping 66 per cent hike in the Pradhan Mantri Awas Yojana to Rs 79,590 crore in the Union Budget, the most interesting political signal came from Lucknow. …

Union Budget: Allocation for housing scheme for rural poor increased by 12%
1 year, 11 months ago

Union Budget: Allocation for housing scheme for rural poor increased by 12%

Hindustan Times  

The budgetary allocation for the Pradhan Mantri Awas Yojana-Gramin or PMAY-G for providing housing for the rural poor has been increased by 12% to ₹54,487 crore even as the allocation for the urban version of the scheme has been slashed to ₹25103 crore from ₹28708 crore. The housing schemes are among the most popular social welfare policies such as Ujjwala …

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman
1 year, 11 months ago

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman

Hindustan Times  

The Indian real estate market saw a strong comeback post pandemic with the residential sector picking up demand amidst healthy economic growth, a Mint report states. The real estate sector is looking forward to budget 2023 to drive the demand for housing through tax relief and lesser stamp duty According to Gurmit Singh Arora, national president of Indian Plumbing Association, …

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal
1 year, 11 months ago

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal

Firstpost  

The year 2022 was a year of recovery and growth for the Indian residential market with tangible signs of revival and resilience, which is demonstrated in the growth of residential demand and supply across the country. With the effects of the pandemic stabilizing, the demand for rental homes also increased as offices and educational institutions reopened, especially in the first …

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 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
1 year, 11 months ago

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM

News 18  

Real estate sector in India is expected to grow at a CAGR of 15%, from $60 billion in 2010 to $1,000 billion in 2030. Despite the rise in interest rates on home loans by more than two percentage points over the past year, housing sales have remained strong in 2022, in large part, because of the pent-up demand from the …

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt
1 year, 11 months ago

Budget 2023: Real Estate Sector Seeks Higher Tax Exemption On Home Loan Interest From Govt

ABP News  

The real estate sector exhibited a strong growth in 2022 after the decline in the pandemic and is now hopeful of continuing the upward trajectory. Across the nation, real estate developers are primarily expecting support in terms of higher tax exemption on the home loan interest under Section 24 up to Rs 5 lakhs from an existing Rs 2 Lakhs …

Affordable housing in Bhubaneswar
2 years, 2 months ago

Affordable housing in Bhubaneswar

Hindustan Times  

With approximately 23% of people in Odisha residing in slums in the capital city of Bhubaneswar, there is an estimated shortage of 80,000 housing units, specifically among low-income families. Intending to bridge this gap, the Bhubaneswar Development Authority has embarked on the ambitious task of creating a roadmap for the production of 100,000 affordable housing units. With approximately 23% of …

Housing for all: Centre approves continuation of PMAY-U scheme till 2024
2 years, 4 months ago

Housing for all: Centre approves continuation of PMAY-U scheme till 2024

Hindustan Times  

The Union Cabinet on Wednesday approved a proposal of the ministry of housing and urban affairs for the continuation of Pradhan Mantri Awas Yojana-Urban up to December 31, 2024. Pradhan Mantri Awas Yojana is an initiative by the Union government, under which the Centre is aiming to provide affordable housing to the urban poor with a target of building two …

Budget 2022 did little for Indian housing
2 years, 10 months ago

Budget 2022 did little for Indian housing

The Hindu  

As the stock markets turn somersaults and throw people’s investment portfolios into complete disarray, one asset class continues to be reliable and predictable. Even if it still seems like a distant possibility, ‘Housing for All’ is nevertheless a promise which speaks directly to the heart of every Indian. Give industry status to the entire housing sector so that developers can …

Budget 2022: Additional supply side reforms with higher incentives for home buyers can boost realty’s performance
2 years, 11 months ago

Budget 2022: Additional supply side reforms with higher incentives for home buyers can boost realty’s performance

Firstpost  

Union Budget 2022-23: Notwithstanding the various industry-specific amendments to the insolvency resolution laws, the implementation of the bankruptcy process for real estate companies remains a challenge In the recent past, schemes such as the Pradhan Mantri Awas Yojana have played a pivotal role in improving homeownership. Extend tax holidays for affordable housing beyond March ‘22 Incentives of extra deduction of …

Budget 2022: More Tax Benefits on Home Loans, Affordable Housing, Real Estate Changes to Expect
2 years, 11 months ago

Budget 2022: More Tax Benefits on Home Loans, Affordable Housing, Real Estate Changes to Expect

News 18  

Finance minister Nirmala Sitharaman will present the Union Budget for 2022-2023 on February 1, 2022. Hence, the real estate sector is seeking for tax sops, a review of the definition of affordable housing, reduction of long-term capital gains tax for real estate and new provisioning for rental housing, among others. 5 lakh along with removing the Rs 45 lakh cap …

Discover Related