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National Housing Bank (NHB)

Low-cost and affordable housing gets a push in Budget 2014-15

Low-cost and affordable housing gets a push in Budget 2014-15
Finance Minister Arun Jaitley has given a much-required thrust to the real estate sector in Budget 2014, which includes a significant boost to low-cost and affordable housing. With sales in realty sector having been sluggish of late, the Budget brings noteworthy relief to the housing sector; with an allocation of Rs 4,000 crore for low-cost [...] Continue Reading »

‘Infrastructure development’ — a key plank of Budget 2014-15

‘Infrastructure development’ — a key plank of Budget 2014-15
With the Budget 2014-15, Finance Minister Arun Jaitley has pressed the acceleration pedal for the ‘infrastructure development’ in the country. Against the backdrop of the fact that slow approvals, disputes and scandals have dealt a severe blow to infrastructure development in the past, the NDA government has announced new initiatives for developing smart cities, airports [...] Continue Reading »

Budget 2014-15 ‘low key’ yet effective, chiefly from tax perspective

Budget 2014-15 ‘low key’ yet effective, chiefly from tax perspective
The Budget 2014-15 is widely being considered a ‘low key’ yet effective and far-reaching budget, especially from the tax perspective. The evident lack of needless flamboyance in the Budget is essentially a reflection of Finance Minister Arun Jaitley’s personal style. On the tax side, the Budget boasts of a number of far-reaching amendments which are [...] Continue Reading »

Union Budget 2014-15 springs pleasant surprise on home loan borrowers

Union Budget 2014-15 springs pleasant surprise on home loan borrowers
In a budgetary development which has come as a pleasant surprise to prospective borrowers of home loans, Union Budget 2014-15 comes with a hike in deduction on home loan interest under Section 24. Unfolding tax incentives on home loans, Finance Minister Arun Jaitley announced, during his maiden Budget speech, that deduction on home loan has [...] Continue Reading »

Importance to realty sector in Budget 2014-15 heralds “acche din”

Importance to realty sector in Budget 2014-15 heralds “acche din”
The new NDA government’s recently-presented first budget – the Budget 2014-15 – has given noticeable prominence to the real estate sector, which is awaiting a revival of sorts in recent times. With the realty sector nurturing the hope of rapid development and growth ever since the new government took charge, the Confederation of Real Estate [...] Continue Reading »

Budget 2014-15 includes several measures to spur realty sector

Budget 2014-15 includes several measures to spur realty sector
A number of measures have been announced by the NDA government, in Budget 2014-15, to give a boost to the realty sector and trigger a much-required turnaround. Some of the main steps announced in that direction include Rs 7,060-crore allocation for developing 100 smart cities; reducing the size of projects eligible for FDI from 50,000 [...] Continue Reading »

FM raises deduction limit on interest on loan for self-occupied house property

FM raises deduction limit on interest on loan for self-occupied house property
Giving the housing sector a boost, Union Finance Minister Arun Jaitley has proposed in the Budget 2014-15 deduction limit on account of interest on loan with regard to self-occupied house property has been increased from Rs 1.5 lakh to Rs 2 lakh. In reference to the proposed move, Jaitley said that the high cost of [...] Continue Reading »

Housing prices in Chennai grew three times between 2007 and 2013

Housing prices in Chennai grew three times between 2007 and 2013
The housing prices have fluctuated a lot in the country in the last decade. The Economic Survey which quoted the residential index (RESIDEX) prepared by the National Housing Bank for 26 major cities have come up with some interesting data. Housing prices have increased in 24 major cities of the country between 2007 and 2013. [...] Continue Reading »

Residential projects to be modelled on credit rating

Residential projects to be modelled on credit rating
The Modi government has been working on measures to make affordable housing available for all. To boost this move, there is one thing which can be done. The real estate developer gets a bank loan based on the credit rating of his residential project and if his credit rating is good, then the bank will [...] Continue Reading »

Slum Development projects to get aid from PPP and CSR

Slum Development projects to get aid from PPP and CSR
Housing and Urban Poverty Alleviation Minister M. Venkaiah Naidu prefers the public-private partnership (PPP) and corporate social responsibility (CSR) to achieve the NaMo government’s dream of ‘’housing for all’’ by 2020. By the 75th Independence Day in 2022, the Modi government wants to fulfil this dream of providing the urban poor with a house with all the [...] Continue Reading »



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