Real estate and Budget
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 »
External commercial borrowings (ECBs) in the low-cost housing projects will enhance the real estate activities in the outskirts area of Mumbai. Demand for affordable low budget housing will also increase in Mumbai to avail the 1% interest subvention scheme on housing loan. The higher allotment of funds for the construction of highways and different infrastructure [...] Continue Reading »
External commercial borrowing is allowed for low cost affordable housing projects. This is the only positive gain real estate sector achieved from the budget. However the entire real estate is disappointed after the announcement of the budget. The realty sector still not get the industry status. FDI norms for the real estate kept unchanged. Hence [...] Continue Reading »
The real estate industry demands tax rebates, excise duty reduction, stamp duty waivers and expansion of the interest subsidy on loans in the coming Budget 2012. According to the real estate builders affordable housing projects will enhance the fund flow for the real estate market. The sector also wants availability of funds at lower interest [...] Continue Reading »
The Real Estate industry of India is eying at Pranab Mukherjee, the Finance Minister, for a change in the interest structure and in investment policy for the property management. This sector is compressed under huge debt ratio and they need a lot of investment in terms of property selling. And the amount of investment required [...] Continue Reading »
