Budget 2014
The government is speculating over introduction of a fresh Bill to replace the Delhi Apartment Ownership Act, 1986. The Union Urban Development Minister Venkaiah Naidu discussed this issue of the concerns of apartment owners in the city with the Delhi Members of Parliament in a meeting and assured that the problems of the owners of apartments [...] Continue Reading »
All the eyes are on the current budget as after a few years of slow economic growth and poor GDP, the industries and the general public is looking at the maiden budget of the Modi led government with a lot of expectations. The finance companies and analysts are speculating that the infrastructure sector is expecting a [...] Continue Reading »
The entire country, the industry heads, the infrastructure and real estate industries has a lot of expectations from the maiden budget of the NDA government which is expected to set the roadmap for growth and economy in the nation. Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance Ltd urged the Prime Minister Narendra Modi-led [...] Continue Reading »
The basic theme guiding Budget preparations is the restoration of the economy to a high growth rate, Financial Services Secretary G S Sandhu said today. He said all ministries and departments were working on a single theme, for the first Modi-government budget to be presented on July 10th. He did not elaborate on specifics. In [...] Continue Reading »
The forthcoming annual Budget must make provisions for tax incentives, to reduce the cost of houses for buyers. This would positively impact the real estate market, which would propel the economy out of its current slowdown. Real estate developers Credai and Naredco suggested increasing the present limit of Rs. 1,50,000 on interest payment of home [...] Continue Reading »
On Friday, Rs 4,240 crore FY 2014-15 Budget was approved by Maharashtra Chief Minister Prithviraj Chavan, for the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation of the mentioned FY 2014-15 Budget amount for the MMRDA is an evident indication of the fact that the metro rail, mono rail and flyovers for the Mumbai metropolitan [...] Continue Reading »
India’s first real estate investment trust (REIT) will be set up very soon by Blackstone Group (BX.N) and its partner, Embassy Group. This trust will be listed on one of the country’s stock exchanges too. The government is working on finalising the rules that will govern the trusts and by next month the directive will be issued [...] Continue Reading »
Indians have a saving mentality and household incomes saved in banks and post offices give those institutions an opportunity to invest those amounts in other profit making instruments. Hence if the tax exemption limit is increased to 2 lakhs which is double compared to the existing limit, then it will give a boost to household [...] Continue Reading »
The Indian Real estate industry is looking at the first budget to be presented by the Modi Government with a lot of expectations. The property sector is looking at the possibility of the solution of the issues that have been plaguing the Indian real estate sector – such as delayed projects, legal quagmire, lack of [...] Continue Reading »
For the Budget of the newly-formed National Democratic Alliance government, the Civil Aviation Ministry has submitted a number of proposals such as tax-free bonds for constructing low-cost airports in small towns, inclusion of aviation turbine fuel (ATF) in declared goods, and an infusion of Rs 1,600 crore as additional fund to Air India. Along with [...] Continue Reading »
