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India Real Estate’s expectations from Budget 2015-16

AUTHOR – ANUJ PURI >> In the previous nine-month Budget, the new government outlined its vision for boosting affordable housing.   Provide On-Ground impetus for affordable housing In the previous nine-month Budget, the new government outlined its vision for boosting affordable housing. From the upcoming 12-month budget, the Indian real estate sector looks forward to […]

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Extend tax benefits to housing sector: NAREDCO council chief Rohtas Goel

SOURCE – PTI, THE ECONOMIC TIMES  >> Industry body National Real Estate Development Council (NAREDCO) has sought reintroduction of tax benefits for the housing sector to boost demand. Re-introduce “tax benefit under section 80-1B(10) in coming union budget 2015 to provide tax benefits for the housing sector up to basic selling price of Rs 60 […]

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Reviving economy expected to instill consumer confidence

AUTHOR – ANSHUMAN MAGAZINE, CMD Following nearly two years of sub-5% growth due to currency volatility, high inflation and fiscal deficits, poor investment and market sentiment scenario, India’s economy bounced back with a growth rate of 5.7% during the April–June period of FY 2014–15, up from 4.6% in the preceding quarter. With business prospects improving […]

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Interest rate cut will reduce slowdown in real estate sector – RBI

AUTHOR – PTI, THE ECONOMIC TIMES  >>  The real estate industry today hailed the RBI’s decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market. reserve-bank-of-india-rbi-21However, real estate developers and property consultants demanded that interest rates be further reduced. Encouraged by softening inflation, […]

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Foreign Investors in London Property Market Force Locals Out

SOURCE – NDTV PROFIT    >>  Tough foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch. Commercial and residential property in London has become a popular safe haven […]

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