Arun Developers, Pune

The real estate slowdown in India appears to be taking much longer to get stable. The sector has been going through a rough phase with inventories piling up and sales down. Declining consumer trust in the sector can be revived if developers exhibit appropriate construction progress in order to avoid fear of delays in completion. To counter sales de...

The Narendra Modi-led government has given a significant boost to the confidence of the non-resident Indians (NRIs), with their investment into the primary residential real estate market expected to almost double this year. About $11.5 billion of investment by NRIs is expected to come in the new home or primary residential market across top 8 major...

Housing sector is the biggest beneficiary of demonetisation as interest rates have fallen, Union Minister M Venkaiah Naidu on Friday said and expressed hope that Finance Minister will announce more incentives for the sector in the Budget on February 1. Taking a jibe on commentators who cast doubts on benefits to government from demonetisation as Rs...

Land and real estate should be brought within the Goods and Services Tax ( GST ) regime and consumer durables should be taxed at the lowest slab to make the new indirect tax regime consumer friendly, Delhi Deputy Chief Minister Manish Sisodia said today. The Minister assured industry chambers that he would take up the aforesaid issues in the forthc...

The government will give a benefit of 2.4 lakh to first-time home buyers with taxable income below Rs 18 lakh a year, which would be a game changer for the sector, Housing and Urban Poverty Alleviation Secretary Nandita Chatterjee said. The amount is equivalent to the total interest subsidy over a 20-year loan and will be given upfront to the ...

Confederation of Real Estate Developers Associations of India (Credai) is to launch 200 housing projects across the country to contribute to PM Narendra Modi's target of providing houses to all by 2022, said its new chairman K Subba Raju. Addressing the media here on Monday, Subba Raju said the project will be launched by Union urban housing develo...

Over 1.66 crore applications for various credit linked subsidies for housing loans have been received through various channels by the government in the past few months. In a country where online internet penetration is a mere 37% overall and 62% urban, this data available with the Ministry of Housing and Urban Poverty Alleviation shows that digital...

RERA has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform 'code of conduct' for developers across various states. It seeks to reduce the volatility seen in the real estate sector in the past, and eliminate the trust deficit between the two primary industry stakeholders - builders a...

Come July 1, under-construction projects will attract a goods and services tax (GST) rate of 12%. Amid all the hullabaloo over the unified tax regime in the country, speculation is rife on would it lead to a hike in property prices? The members of CREDAI (RNE) Raj Nagar Extension, believe that property prices will go up once the new tax regime kick...