Union Budget 2012-13 – A timid tango of pros and cons
Our reaction to Union Budget 2012-13 is mixed at best. It seems fair to state that the Indian real estate sector does not have much to cheer about.
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Realty getting realistic with budget wish list
Come budget and the real estate sector, like any other industry, comes out with its own wish list. Unfortunately, while other organised industry get a patient hearing through their industry bodies, the Finance minister seem to be hardly entertaining the sector representatives till recently.
Supreme Court seeks details of ‘unencumbered’ property from Sahara
The Supreme Court on Friday, Jan 20, gave two Sahara group companies three weeks to choose between two courses to secure investments made by the public in their controversial Optionally Fully Convertible Debentures (OFCD) scheme.
Property prices to remain range bound for H1 CY12: Makaan.com
The year 2011 can best be described as a lackluster year for Indian real estate sector. There were several headwinds that prevented the sector from delivering to its full potential.
Dubious real estate deals under I-T scanner
The Income-Tax department is planning to look into all suspected real estate deals to check involvement of black money component and tax evasion.
Has ED let realtor Hasan Ali slip?
It seems to be a box-office-hit bollywood potboiler where a billioner realtor is interrogated as many as 29 times over a period of four years, gets arrested on charges of money laundering. But in the end manages the investigation and a weak case is what makes him laugh away at the system.
Budget focused on common man: Sunil Mantri, President MCHI
Maharashtra Chambers of Housing Industry (MCHI), most prominent body of the real estate developers today described the Union Budget presented by the Finance Minister Pranab Mukherjee as “Budget with few positive steps focused on the common man who is interested in buying a house in rural and urban areas”.
Fiscal deficit makes our expectations high: R K Jain, Executive Director – Wave City
The time of the year has come when everyone is dreaming about the Finance Minister’s briefcase. Though real estate is ready with its list of expectations, experts believe that this year it would be good to expect much from the government owing to the kind of fiscal deficit government is going through. Expectations are high because of the increase in home loan interest rates, which have hampered the affordability of the buyer.
NAREDCO expects thrust to housing for all in budget
National Real Estate Development Council (NAREDCO), the apex body of real estate industry in the country, expects Finance Minister to grant infrastructure status to housing under section 801A of IT Act, 1961, thereby, treating housing at par to other infrastructure projects.
Strong case for continuation of stimulus package – ASSOCHAM Survey
A random Survey of the Associated Chambers of Commerce and Industry of India said that in the view of continuous elevated inflation and increase of price of commodity across globe, has made out a strong case for continuation of stimulus package so that the growth momentum is not spiked.