Forecast of Budget 2013-14 on Pune real estate
With the upcoming Budget for the financial year 2013-14, Pune real estate has many hopes on it.
The authorities in the finance ministry have already stepped onto the right path by taking steps to increase liquidity in the system by reducing the cash reserve ratio (CRR) as well as repo rates and bank lending rates for the buyers.
With this initiave, there are hopes that investment will increase and growth volume also will boost up manifolds in real estate in Pune.
Also, the real estate sector in Pune hopes for increased provisions for external commercial borrowings for low-cost housing, tangible tax relief for individuals, and a greater investment in infrastructure.
Buying a property in Pune is a dream on every Punekar’s mind and with relief in terms of individual income tax also has notable implications for a city like Pune.
Pune’s residential market in 2012 has been excellent and everyone is hoping it will continue the same this year as well. With increased spending power, residential property market in Pune will also see a boost. This in turn will increase the supply from developers which will help in keeping the prices rational.
Furthermore, low cost housing will have a significant turn on Pune real estate market. Affordable/budget housing is still a good option or concept for the city unlike Mumbai.
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Related Real Estate News:
Koregaon Park in Pune rises as prime real estate hub
Pune property tax to be hiked by 6%
Affordable Housing, Cash Reserve Ratio, CRR, Low-cost housing, Property in Pune, Pune, Pune Real Estate, Pune real estate market, Real estate sector in Pune, repo rates.
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