Budget and real estate
Finance minister has proposed for Tax Deducted at Source (TDS) to all who buys immovable property (other than farm) worth Rs 50 lakh or above in cities and Rs 20 lakh in other areas, must withhold tax of 1% of consideration. And the buyers should provide the proof of remitting the 1% tax in time [...] Continue Reading »
As the dates of the Union Budget is approaching closer, the thoughts among the realty builders and associations are concentrating on the upcoming announcements in the budget. The Confederation of Real Estate Developers Association of India (CREDAI) is looking forward for the government to announce reduction on interest rates of housing loans. The interest rates [...] 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 »
The real estate industry of India is still suffering from low demand and financial crisis. The real estate debt is increasing with the days progressing. People are showing less interest in investing on buying apartment due to the high cost. Therefore, the real estate industry is hoping some facilitating decision in the coming budget which [...] Continue Reading »
