Industry status
Mehul Thakur, Director of real estate firm Viva Homes, has made clear his expectations of PM Narendra Modi-led government to boost the growth of the real estate sector by focusing on infrastructural development. “Infrastructural development has been at the forefront of the new government’s agenda on account of its potential to propel economic growth significantly. [...] Continue Reading »
New Delhi- The developers all over the country are expecting an industry status as well as favourable policies in the realty sector in the year 2013. However, in the year 2012, the government had initiated few favourable real estate regulations which benefited the real estate sector.Owing to this, the year 2013 can have the execution of the former year [...] Continue Reading »
In a move to help the real estate sector, government is planning to give industry status to the real estate infrastructure sector. This move will help the real estate sector to get access to cheaper finance from banks. The proposal for industry status has already been submitted to the finance ministry for its consideration. Getting [...] Continue Reading »
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »
The real estate sector has the maximum growth potential and provides higher amount of employment after the agriculture sector. Though in the union budget 2012-13, no such declaration was made, the builders and developers still hoping to get the industry status. The developers have again raised the demand for granting the industry status, which will [...] Continue Reading »
The entire real estate sector is waiting to see the pros and cons of realty budget 2012. Lot of hope and expectation is rising in this sector. It is reported that the realty sector is the second largest to generate employment and about 5 percent of the total GDP of the country is contributed by [...] Continue Reading »
The industry status is what the property consultants are demanding in the upcoming realty budget! Tax exemption on home loans and incentives to promote affordable housing segment is all what the real estate players are demanding for! Also, the realty players want to create a demand for retail space in shopping malls for the Foreign [...] Continue Reading »
