Infrastructure status
The real estate developers have sought tax breaks from the Government for home buyers and builders to boost up boost sales as well as speed up new launches. They are voicing their opinions on seeking both industry and infrastructure status for themselves and an enhancement in the tax break given to home buyers on the [...] Continue Reading »
New Delhi- Real estate of India hopes to get infrastructure status for affordable housing sector in the upcoming Union Budget 2013-2014. From the past three years the real estate sector has been longing for industry status. The recent tax benefit on home loans provided by the Finance ministry has boosted the industry’s hope. The Budgets [...] Continue Reading »
New-Delhi- With just few more days left for the Budget-2013, the Federation of Indian Chambers of Commerce and Industry (FICCI) has insisted the authorities for an industry status for the real estate sector. The FICCI demands an industry status for the realty sector for the easier availability of funds to be used to avail long term and short [...] Continue Reading »
New Delhi- Real estate in India, in the present year 2013, seems to have a good start with many new launches, interest rate cuts, and quicker project approvals in progress. Finance minister P Chidambaram identified that many incomplete stalled projects could be resumed construction if supported by financial institutions. Reserve Bank of India (RBI) is [...] Continue Reading »
New Delhi- Housing sector is likely to gain infrastructure status with the upcoming Budget. This will boost the sector by providing easy access to funds and consequently increasing the availability of houses. Infrastructure status for the housing is a long pending demand. In 2012, the Ministry of Housing and Urban Poverty Alleviation (MHUPA) pushed for [...] Continue Reading »
The housing and urban poverty alleviation ministry (HUPA) minister Ajay Maken presented a new proposal requesting infrastructure status for housing sector and one-year extension of tax relief under Section 80-IB. HUPA asked he infrastructure status for the housing sector under Section 80IA of the income tax Act. The extension of the exemption for the service [...] Continue Reading »
The real estate is the second largest employment generating sector in India. The builders associations are demanding for a special status on a par with industry for this sector. NAREDCO (National Real Estate Development Council) and CREDAI (Confederation of Real Estate Developers’ Association of India) made several representations to the Union government demanding special status [...] Continue Reading »
