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Share Market Highlights: Investors give thumbs up to Budget, Sensex ends 2,314 points higher; Nifty at 14,281
Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index
BusinessToday.In | February 1, 2021 | Updated 16:10 IST
India Stock Market News Highlights Today on union Budget 2021: IndusInd Bank, ICICI Bank, SBI, HDFC Bank were among the top gainers today while HCL Tech, Dr Reddy, Tech Mahindra were among top losers
Sensex, Nifty Highlights on Union Budget 2021:In a historical move, benchmark indices Sensex and Nifty closed 5% higher on Monday, as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE benchmark index S&P Sensex, ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. This was once in a life time jump seen on Budget day, with Sensex and Nifty rising o
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NOIDA: The National Real Estate Development Council (Naredco) has sent a list of suggestions to UP-Rera’s office upholding UP Apartment Promotion of Construction Ownership and Maintenance Act, 2010 and endorse its bylaws on handover of flats to apartment owners’ associations (AOA) after residents move into their flats.
The letter has clarified some liabilities of the promoters post-completion of projects and during the transition of the properties from builders to buyers until formation of the AOAs.
“There was some discordance between the UP-Rera norms on maintenance and what is stated by the UP Apartment Act. So, we clarified these points with UP-Rera through a written letter highlighting some points,” R K Arora, the chairman of UP Naredco said.
Read more about Budget: Realtors expect subvention scheme, measures to boost demand on Business Standard. The housing market is reviving from the lows hit last year
As the housing market revives from the lows hit last year, developers expect more measures in the upcoming budget to boost demand in the real estate sector.A major demand of the developers has been to remove the ban on subvention scheme for .
Tax rationalisation, liquidity enhancement top real estate sector s Budget wishlist
While measures announced by the government in 2020 to kickstart the economy have been in right direction, the real estate sector is hoping for upcoming Budget to give a shot on the arm for the beleaguering sector
Rukmini Rao | January 25, 2021 | Updated 15:06 IST
The real estate sector contributes nearly 8 per cent to the economy
Through the course of 2020, the Centre announced several measures such as moratorium on equated monthly instalments, restructuring of loans of real estate companies at project level, setting up of Swamih fund - rescue capital for affordable and mid-income housing projects - along with capital infusion to the National Housing board to help Indian real estate sector . The Reserve Bank of India also announced massive repo rate cut of 140 basis points over the course of time, leading to lowest home loan interest rates in over 15 years.