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Real Estate Forum on Narendra Modi Government

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: The NDA Government is treading carefully on the real estate bill, after it was forced to withdraw the land acquisition amendment bill.
Latest Answer: The government should not only think about providing homes to all but also make sure that builders take the right route to provide homes i.e. the building should be as per the norms and should have all the facilities and also should be free of legal hassles and the occupancy Certificate/no objection certificate should also be handed over to the society as soon as the building is finished so that they do not have to face hardships later on.
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Q: To check the rising price of pulses to ensure smooth supply of urea in southern states, the govt approved many measures.
Latest Answer: Apart from that, the Cabinet also approved the shipping ministry's proposal for India's succession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 of the International Maritime Organization as well as to amend the Merchant Shipping Act, 1958 to give effect to the Bunker Convention, Nairobi Convention and Salvage Convention.
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Q: What are the pros and cons of land acquisition bill ?
Latest Answer: Hey kaushik, Congress was no sure of their stand, congress was "the one who proposed this and they are the one who is picking holes in their own proposals". How cunning the Congress part were? Now that is a politically unsustainable situation... in the Budget session Congress told the govt., they will do it in the next session. Now they are saying that they are not against the GST, but they have some suggestions..
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Q: The city's real estate group wants finance minister Arun Jaitley to present a budget that will create a strong foundation for achieving the "home-for-all" goal of the Narendra Modi government.
Latest Answer: Hi all, I am agree with the above mentioned statement. And in my opinion reduction in home loan interest rates will be important so will be offering industry/infrastructure status for the housing industry. Also necessary is availability of finance at lower interest rates and clarity on taxation for real estate investment trusts and foreign direct investment (FDI) in housing.
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