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union budget

Rising interest in housing sector

Rising interest in housing sector
A slowing economy, rising interest rates by banks, high inflation and the weak rupee, among others, contributed towards building a negative sentiment among home buyers that resulted in dwindling sales volumes within the residential market. However, the election results, sops for the housing sector in the Union Budget and the reviving economic growth of the [...] Continue Reading »

Residential market facing volatility in the country

Residential market facing volatility in the country
The residential market in India has been witnessing extreme volatility in terms of demand and supply over the last three years. Factors such as a slowing economic growth, rising interest rates by banks, high inflation and the weak rupee, among others, contributed towards building a negative sentiment among home buyers and resulted in a dwindling [...] Continue Reading »

Realty market improving; enquiry levels increase

Realty market improving; enquiry levels increase
The realty industry appears to be on the verge of recovery, with the bounce back in economic growth leading to an increase in real estate-related enquiries with realty developers. Reporting that realty enquiries have witnessed a surge of late, realty developers have also asserted that many of the enquiries have also resulted in property purchases. [...] Continue Reading »

REIT yet to be a reality

REIT yet to be a reality
REIT has not yet been a reality. The finance minister however has made a progressive announcement about the REITs or the Real Estate Investment Trust during his budget speech. He said that he believes in the work that still requires to be completed on the fine print and the state level issues that need to [...] Continue Reading »

SEBI to declare the norms for REITs and InvITs next month

SEBI to declare the norms for REITs and InvITs next month
SEBI chairman UK Sinha on Thursday mentioned that the market regulator Securities and Exchange Board of India (SEBI) will unveil the detailed guidelines on Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) next month. SEBI has also taken steps to safeguard the interests of the shareholders. Sinha also stated that SEBI would also [...] Continue Reading »

Gujarat government to implement PPP model for construction of roads in rural sector

Gujarat government to implement PPP model for construction of roads in rural sector
Gujarat government has been in newsflash for its several ambitious projects. The idea to connect each village of the state with a road network is one of such aspiring schemes. The government has decided to indulge non-government organisations for funding of these schemes/projects. Nitin Patel, Gujarat State Road and Building Minister announced the agenda during [...] Continue Reading »

Capital gains tax for buying more than one home after selling the old property

Capital gains tax for buying more than one home after selling the old property
If you are thinking about buying a couple of apartments after selling your dilapidated ancestral home, then be prepared to shell out a hefty sum in capital gains tax. The new Budget has capped tax breaks available to such property buyers. This has been done through a seemingly innocuous tweak in the language of Sections [...] Continue Reading »

Government hopeful to see revival in Special Economic Zones

Government hopeful to see revival in Special Economic Zones
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »

Minimum Alternative Tax causes hindrance in development of SEZS

Minimum Alternative Tax causes hindrance in development of SEZS
The recent union budget had completely missed on addressing the issues of Special Economic Zones. This had been a matter of concern in this sector. A section of special economic zone promoters in Kerala were highly disappointed because the demand they had put forward of scrapping the minimum alternative tax or MAT had completely been [...] Continue Reading »

High End Developers show keen interest in affordable housing projects

High End Developers show keen interest in affordable housing projects
The Union Budget which will be presented on July 10, Thursday will have a lot of leeway for the affordable housing segment which will give an up thrust to the housing for all by 2022 scheme. Interest rate subvention for the economically weaker section, lower income group and middle-income group homes will help India Inc. [...] Continue Reading »



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