Affordable housing to be worst hit as COVID-19 lockdown halts works; property rate cut unlikely to spur demand: Experts
Sanjay Dutt, managing director and chief executive officer of Tata Realty and Infrastructure, said developers have been absorbing rising labour costs, interest costs and raw material costs.
Economic Survey 2020: India needs to spend $1.4 trillion on infrastructure during FY2020-2025 to reach $5 trillion economy
To spur economic growth and achieve $5 trillion economy, India needs to spend about $1.4 trillion on the infrastructure sector during FY2020-2025, the Economic Survey tabled in Parliament said on Friday
Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created
India's economic growth is expected to "strongly rebound" to 6-6.5 percent in 2020-21 from 5 percent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms
Budget 2020: From initiatives to boost consumption, promote growth, here's a slew of expectations from Nirmala Sitharaman
When it comes to saving instruments, the types of instruments where relief for interest earned is available is different for different categories of taxpayers, adding complicity to tax laws and making it burdensome for the average taxpayer
India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies on housing market: Fitch
With funds more readily available, it expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short-term.
Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects
Realty stocks closed up to 8.2 percent higher on Thursday after the government approved a Rs 25,000 crore fund for 1,600 stalled housing projects, which is expected to jumpstart consumption and give a boost to real estate and allied sectors
Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt
A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme
Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors
The present decision to open a new window for finance is hence quite timely and should address to a large extent the woes of the real estate segment
Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects
In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said
Emaar Properties bullish on Indian realty sector; eyes to develop joint venture projects, new markets
In 2005, Emaar Properties entered the Indian real estate market in partnership with MGF group and invested Rs 8,500 crore through joint venture Emaar MGF Land Ltd.
Core sector growth in negative zone for first time in 4 years: Economy is slowing, but here are four ways government can arrest slowdown
There is a likelihood that there will be some revival in the consumer spending in the next two months on account of the festive season demand, which could offer some relief to the economy.
Real estate sector mess: Realtors desperately seeking govt aid, but are paying price for holding rates too high, too long
Real estate prices dramatically increased since 2000 through the boom years but over the last half a decade or so, there had been hardly any meaningful appreciation in prices.
Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
CREDAI's national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact.
In Union Budget 2019, affordable housing got a further fillip with an increase in Income Tax deduction of Rs 1.5 lakh on home loans
Budget 2019 serves all sectors of economy, builds upon India's growth story of last 5 yrs, writes ex-FM Arun Jaitley in blog
The Budget 2019 creates a political direction for an aspirational India. The economically weaker sections get the basic amenities of life and several sectors of interest to the middle-class have been incentivised.
Nirmala Sitharaman presents Union Budget 2019 in Parliament; FM met with President Ram Nath Kovind before her speech
Finance Minister Nirmala Sitharaman presents the Union Budget 2019-20 in the Lok Sabha at Parliament, in New Delhi today.
Union Budget 2019: CREDAI seeks bank funding for developers to buy land for affordable housing projects
Realtors apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects
Homebuyers will have to pay 12 percent GST on balance amount due to the builder if the housing project has been granted completion certificate by 31 March, 2019, the CBIC has said
The all-powerful GST Council on Tuesday approved a transition plan for the implementation of new tax structure for housing units, Revenue Secretary A B Pandey said
GST cut to boost sales of under-construction flats; no input tax credit may hit builders' profit margin: Moody's
Credit rating agency Moody's on Wednesday said the GST rate cut on under-construction flats will boost housing sales, but may hit profit margins of builders with the withdrawal of input tax credit