Housing and real estate Budget 2020
This sector is one of the major contributors to the gross domestic product (GDP) growth and can help the government resolve the shortfall in job creation to quite an extent. The interim Budget 2019 helped boost consumer sentiment. The Budget sought to extend tax sops for affordable home developers and remove the tax on notional rent for a second housing unit as well as unsold units. It also sought to extend the benefits under Section 80-IBA of the Income Tax Act for one more year--to housing projects approved till March 2020, which is expected boost supply of affordable housing.
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Housing And Real Estate - Total results - 8
Jan 27, 2020
Budget 2020: Bold fiscal measures, strong implementations will provide much-needed fillip to sagging real estate sectorRecent estimates indicate that some of the pain points of the real estate sector include delayed projects, shortage of funds, high unsold inventory and stalled projects.
Jan 24, 2020
Budget 2020: Liquidity crunch, unsustainable debt levels paralyse real estate sector; industry seeks sops for revivalGiven the real estate sector contributes to around 8 percent of the total GDP of the country, it is vital that urgent measures be taken by the government to revive it
Jan 23, 2020
Budget 2020: CII for higher tax benefits for homebuyers to boost demand in real estate sectorIndustry chamber CII on Thursday urged the government to increase tax benefits for homebuyers to boost demand in the liquidity-hit real estate sector
Jan 20, 2020
High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019The Delhi-NCR market came next with nearly 70 percent of its total launched projects in the high-rise category.
Jan 08, 2020
Union Budget 2020: NAREDCO seeks bold measures to resurrect real estate sector; says industry facing serious liquidity crunchOn liquidity issue, he said the real estate industry is facing serious challenges and needs bold fiscal measures for resurrecting the reeling industry.
Jan 08, 2020
From MGNREGS to housing scheme to model villages, key govt programmes fall victim to apathy, fail to deliver on intended linesMGNREGS is basically fall back option for the rural households when no better employment opportunity is available, however, the demand for work is influenced by various factors like timely monsoon or availability of more remunerative employment opportunities.
Jan 07, 2020
Housing sales saw marginal rise in 2019 despite economic slowdown; leasing of office space up 27%: Knight FrankHousing sales increased in Delhi-NCR, Bengaluru, Chennai, Hyderabad and Ahmedabad, but dropped in Mumbai, Pune and Kolkata.
Dec 08, 2016
Demonetisation one month: Agriculture, real estate, consumer products worst affectedDemonetisation has lead to a severe cash crunch, translating into untold woes for the aam aadmi even as its goal of extinguishing black money remains hazy