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Real Estate Forum on 100 Smart City

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Q: Do you think that budget reforms can boost the realty market? What are the initiative that government should take? Your opinion is highly appreciable.
Latest Answer: Hi Everybody, Let's finger crossed and hope for the best for all sector. Primarily, the Budget will see the government's important projects, including the Smart Cities project, getting much support, including upcoming special economic zones to see reduced alternate tax and dividend distribution taxes. The government may also rationalize duties and set the differential MAT rate at (5-10)%. The government is also expected to give incentives to banks that are losing money over zero-account bank schemes.
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Q: In order to build 100 smart cities, states/cities has to fulfill certain criteria.
Latest Answer: Hey Guys, As per latest news, Honorable Union Urban Development minister Mr M Venkaiah Naidu declared that there is a huge global interest in India's Smart City mission and many companies from 14 countries like US, Canada, UK, France, Japan have been nominated for planning of Smart City plans for 42 mission cities.
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