Real estate developers’ body the National Real Estate Development Council has suggested that the finance minister consider increasing the tax exemption on interest on self-occupied property loans to ₹5 lakh from the current limit of ₹2 lakh to augment housing demand and sought tax incentives from the government to boost supply of affordable housing stock. NAREDCO has suggested that the …
The RBI cut repo rate to 4.4 per cent and reduced the cash reserve ratio maintained by the bank by 100 basis points. “The realty sector has been observing a slowdown with limited sales and new launches.” Lincoln Bennet Rodrigues, Founder and Chairman, Bennet & Bernard Group, luxury real estate developer said, “the 3-month moratorium on payments of term loan …
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