single window clearance
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 »
Announcing the Union Budget 2014-15 on Thursday, Finance Minister Arun Jaitley said that air travel in the country will be notably improved through the development of new airports in smaller cities and towns. The government’s plans for better airport connectivity in regional areas are apparently rooted in the fact that though airport travel has increased [...] Continue Reading »
The Union Budget 2014-15 has given a noteworthy boost to the real estate and infrastructure sectors of the country. Among the key proposals of the government in the recently-presented Budget are tax incentives for two new investment products — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposed tax incentives for REITs and InvITs will [...] Continue Reading »
In Budget 2014-15, presented by Finance Minister Arun Jaitley on Thursday, an outlay of Rs 37,880 crore has been proposed to be sanctioned for building 8,500 km of National Highways and roads in the country during the ongoing fiscal year. Proposing to sanction the mentioned outlay, Jaitley said that the National Highways Authority of India [...] Continue Reading »
In the Budget 2014-15, presented by Finance Minister Arun Jaitley on Thursday, income tax rates remain unchanged; while a proposal for reviving the revised Direct Taxes Code (DTC) will be considered by the government after taking into account the comments of stakeholders. With the promise that no tax changes will be brought on with retrospective [...] Continue Reading »
The Budget 2014-15 – presented by Finance Minister Arun Jaitley on Thursday – marked the maiden Budget of the newly-formed NDA government. Experts are of the opinion that the Budget is quite a ‘balanced’ one. Pushing for an all-encompassing agenda, the Budget predominantly underscores the new government’s comprehensive focus on macro-economic stabilisation, reduced inflation, sustained [...] Continue Reading »
The newly formed state of Telangana is taking all the measures to expedite the growth in the state. The Telangana Government is considering coming out with norms for a single window clearance system for real estate and other construction projects. This will cut short the project implementation time and increase transparency. The State Minister for [...] Continue Reading »
In a policy recommendation to the State Government, the Bangalore Chamber of Industry and Commerce (BCIC) suggested that Karnataka should explore dual land pricing policy. This will help them to address the issue of regional imbalance and encourage the spread of industries across the State. The industrial land beyond a radius of 100 km of Bangalore [...] Continue Reading »
The new BJP-led government has been talking about ‘home for all by the year 2022’. Usually, the growth in the housing sector is seen as growth in a country’s economy. But in India, housing hasn’t received the status it deserves. The ministers and other officials never consult the housing industry association before the budget, nor [...] Continue Reading »
The real estate body of Noida has proposed to Narendra Modi, after his sweeping election victory, that a single window clearance system be introduced for clearing new projects. The real estate sector has been an under-performer for long, and the time taken for clearing new projects has been a significant reason behind this. Mithas, managing [...] Continue Reading »
