Affordable housing projects
The government of Tamil Nadu announced revised floor space index (FSI) plan for the affordable housing project. The government also declared that the builders need not to pay any additional charge for construction of apartments with higher FSI. The state finance minister also announced more interest waiver on housing loans disbursed by cooperative housing societies. [...] Continue Reading »
According to the different Realtors, the union Budget 2012 came up as a disappointing budget for the middle range of home buyers. Due to the rise in service tax the cost of construction of real estate projects will increase by Rs 50 to 150 per square feet from the coming April, 2012. External commercial borrowing [...] Continue Reading »
The realty market in India is in a bad shape. The expectation of the sector on the budget was not fulfill to that extent. The good news for the realty sector is the allowance of External Commercial Borrowings for low cost affordable housing projects. The withholding tax also reduces to 5% from 20% on ECBs [...] Continue Reading »
The market scenario in real estate in Mumbai is under a huge crisis. The sale rate is decreased to an extent in last few months leading to a fund crunch for the sector. The sector did not get any better offer from the budget 2012 other than affordable housing projects are allowed to access External [...] Continue Reading »
The real estate sector exceeds the expectation from the Budget 2012. The most important announcement made by the government by allowing the external commercial borrowing (ECB) in the construction of affordable housing projects. Also the government gave a relief to the sector by reducing the withholding tax on ECB for affordable housing projects. The real [...] Continue Reading »
The real estate sector had a number of expectations on the budget 2012. The major highlighted effect of the budget over the real estate sector are : The budget proposed to open the doors for the External commercial Borrowing for specific affordable housing projects. The realty sector is hoping for an improvement of the liquidity [...] Continue Reading »
Real estate sector had a lot of expectation from the budget 2012. However the budget did not accept any of the assumptions of the sector. The leaders are not impressed with the outcome of the budget. The sector only achieved external commercial borrowing for low-cost affordable housing projects. The government took the decision to enhance [...] Continue Reading »
External commercial borrowing (ECB) is encouraged in the budget 2012 for the affordable housing projects. However according to analysts the foreign investors will not be interested to invest in the affordable housing projects due to the low profit margin. Also the cost of Indian rupees is volatile, it will be difficult for individual builders to [...] Continue Reading »
The budget has made the real estate sector disappointed. It is not only disappointing the real estate builders, but there is also no better announcement for the middle range home buyers. With the increase of the service and excise tax, the cost of construction will increase by Rs.50 to Rs.100 per square foot. The only [...] Continue Reading »
The realty industry hoping for a budget which will provide more support to the realty industry to construct more affordable houses. The industry also wants the formation of Real Estate Regulatory Authority (RERA), to improve the transparency and authenticity of the real estate industry. The Industry wants proposals for making it more investment friendly so [...] Continue Reading »
