Affordable Housing

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Affordable Housing - Total results - 104
Affordable housing to be worst hit as COVID-19 lockdown halts works; property rate cut unlikely to spur demand: Experts
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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.

Affordable housing: How to claim Income Tax deduction up to Rs 3.5 lakh on home loans
Business

Affordable housing: How to claim Income Tax deduction up to Rs 3.5 lakh on home loans

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
Business

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
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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
Business

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

Home buyers to pay 12% GST on balance due if completion certificate issued by 31 March: CBIC
Business

Home buyers to pay 12% GST on balance due if completion certificate issued by 31 March: CBIC

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

GST Council approves transition plan for new tax rates for real estate sector
Business

GST Council approves transition plan for new tax rates for real estate sector

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
Business

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