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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 construction and real estate sector with a multiplier effect on 270 ancillary industries. It is the ...

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 sector's growth to the pre-COVID level growth figures. There is widespread speculation that the government would bring incentives to promote manufacturing...

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 2,02,145 crore. Across seven major cities, as many as 5,02,340 housing units, worth Rs 4,07,005 cro...

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 (DFI) to fund infrastructure projects in segments such as housing and construction that will have h...

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 low fatality rate from Covid-19. The distribution of the vaccines has also commenced. The policies ...