Page 11 - Special Window News Today

Realty sector looks for green shoots Dr Niranjan Hiranandani/Dubai Interest on home loans should be fully allowed under IT deduction without any ceiling. — Reuters Dr Niranjan Hiranandani. — Supplied photo Naredco, the country’s apex real estate body, shares industry expectations ahead of federal budget due on February 1. In India, the real-estate sector accounts for an estimated seven per cent of the gross domestic product (GDP) and employs around 15 per cent of the total workforce in ...

Real estate industry expects big measures from Union Budget 2021 ANI | Updated: Jan 28, 2021 19:03 IST New Delhi [India], January 28 (ANI/NewsVoir): The upcoming Union Budget slated to announce on 1st February 2021 has anticipated the announcements and reforms to augment the business activities across the sectors. The real estate sector is pinning hopes on the Union Budget that might push expediting the sectors growth to the pre-COVID level growth figures. ...

Delhi-NCR property market has maximum stuck housing units at 1.9 lakh (190,000), worth nearly Rs 1.2 trn crore (Rs 1.2 trillion), that were delayed by at least seven years, according to property consultant Anarock. A total of 1,90,120 housing units, worth Rs 1,19,291 crore, were stuck in the Delhi-NCR as of 2020-end. These flats were launched in 2013 and before. The property market of Mumbai Metropolitan Region (MMR) has the second highest number of stuck housing units at 1,80,250, worth Rs ...

The infrastructure sector is expected to get a significant push as it is pivotal to put the economy back on a growth trajectory. In the last budget, the government had launched National Infrastructure Pipeline (NIP) that envisaged completing 7,300 projects valued at Rs 111 lakh crore by 2025. However, raising Rs 20 lakh crore every year for these projects will be an enormously challenging exercise. Analysts expect finance minister Nirmala Sitharaman to announce a development finance institution...

Three point-agenda for the upcoming Budget Emphasis will likely be on healthcare and livelihood-creating sectors such as infrastructure and housing The Union Budget 2021-22 will be one of the most anticipated events in recent history. As the dust is settling after the torrid health catastrophe that affected millions and which has threatened to leave a permanent emotional scar, we are finally seeing the light at the end of the tunnel. India has had a faster than expected economic recovery and a ...

Updated Jan 12, 2021 | 16:56 IST The Mumbai Metropolitan Region and National Capital Region account for 74% of the total stuck or delayed units across Indias top seven cities as of 2020-end, says the data. Representational Image&nbsp | &nbspPhoto Credit:&nbspIANS Key Highlights 190 housing projects accounting for over 73,500 units were completed in the top 7 cities in 2020 despite Covid-19 MMR topped the list in project completions, as per the data seeing completion o...

From special deductions for EMI or rent to reimbursement by developers for project delays -- a list of what homebuyers seek from FM Sitharaman in Budget 2021

Real estate industry 2021: What can the sector look forward to? Is the worst behind us? How the budget pans out for the real estate sector, only time will tell, but one thing is for sure, strong fundamentals are vital for the revival of housing demand Dhruv Agarwala | January 21, 2021 | Updated 14:59 IST The pace of revival can quicken, provided the government extends a helping hand and injects enough stimulus to boost the sector and the overall economy The year 2020 was meant to be a year of ...

Regulatory decisions that changed real estate landscape in 2020 and what needs to be done in 2021 Heres a look at some key regulatory interventions in 2020 and what remains to be done to boost the real estate sector. The year 2019 witnessed the launch of the country’s first REIT, opening up new avenues for investing in A-Grade commercial office spaces. The maximum pain was experienced by the residential real estate sector largely due to the NBFC debacle and the resultant liquidity squeeze, an...

States must cut stamp duty to boost housing sales: Naredco President Niranjan Hiranandani Stating there was need to set up more stress fund like the government-backed Rs 25,000 crore Special Window for Affordable and Mid-Income Housing (SWAMIH) fund, he said the centre should enable banks and financial institutions to set up at least five similar funds totaling Rs 1,25,000 crore. PTI Niranjan Hiranandani The Maharashtra governments decision to reduce...