The festival is widely celebrated in the state of Maharashtra and as for common people in India, a home is a priced possession and they do not sell and buy residential properties often. They wait for an auspicious date to such transactions.Gudi Padwa, a festival which earmarks new beginnings and new hopes to everybody’s life. Hence […]
Tag: Union Budget 2012-13
Real Estate Sector is disappointed.
March 19, 2012 – 6:13 pm
Real estate players were disappointed with the Budget saying it failed to highlight the role of the housing sector in the economy. The Union Budget 2012-13 on Friday proposed allowing external commercial borrowing for low cost affordable housing projects. Presenting the Budget in the Lok Sabha, the Finance Minister, Mr Pranabh Mukherjee, also proposed setting […]
Union Budget 2012-13: Builders say that Pranab Mukherjee has ignored ground realty.
March 17, 2012 – 4:41 pm
Chief of the Confederation of Real Estate Developers’ Association of India (CREDAI), Lalit Kumar Jain, said the announcement on external commercial borrowings (ECB) for affordable housing was a minor respite but still meaningless. Jain, who is also chairman and managing director of Kumar Urban Development Ltd, added, “We contribute 6.5% to the GDP and expected a big […]
Real Estate Industry expects Home Loan Rate to be renewed.
March 16, 2012 – 6:15 pm
As the Union Budget 2012-13 is already in news, city’s real estate industry also has expressed its expectations. Mainly revolving around increased subsidy on interest rate for loans towards affordable housing and industry status for taxation and construction and relaxation of FDI up to 51 per cent into multi-branding, the industry is hopeful of a […]
