Chairman NAREDCO

Experts Believe RBI Repo Rate Cut To Boost Real Estate Market Sentiments – RealtyMyths

Moving on the expected lines, the Reserve Bank of India (RBI), country’s apex bank, today reduced the Repo Rate by 25 basis points. This way, RBI reduced the key lending rate for the second time in a row, bringing it down to 6%. RBI also cut the reverse repo rate by 25 basis points to 5.75%. Th...Read More

NAREDCO welcomes lowering of GST; demand for further rationalization – RealtyMyths

Lowering of GST will boost housing in general and affordable housing in particular Will boost the overall economy and employment will push the sale of under-construction properties, However, fixing the upper ceiling of cost at Rs. 45 lakh for affordable housing for the whole country may be a deterren...Read More

Interim Budget 2019: Why Real Estate Market Should Cheer – RealtyMyths

 Being the last budget before the general elections, the industry was actually expecting a populist budget from the interim finance minister. However, Mr. Piyush Goyal indeed faired well and presented a well-balanced Budget, giving full impetus to every sector. The government’s decision to ext...Read More

Union Budget 2019: Affordable Housing gets another boost – RealtyMyths

Homer seekers have reason to be happy with the budget speech of the Hon’ble Minister Shri Piyush Goyal. For real estate in general and housing in particular, this is a positive budget speech. For the economy, it focuses on the farm sector and the middle class. I would rate it as “9 out of 10,” becaus...Read More

NAREDCO presents its pre-budget memorandum to the government – RealtyMyths

Suggests effective GST @ 6%, which, after the Input Tax Credit (ITC) will become tax neutral for the end consumers Suggests extension of 80IBA provisions for affordable housing up to 200 sq mtr carpet area Suggests promotion of rental housing and improvement in the effective rate of return from renta...Read More

NAREDCO welcomes Govt decision to increase Carpet Area’s for MIG segment under PMAY.

National Real Estate Development Council (NAREDCO) on Wednesday welcomed and appreciated the central government’s decision for increasing carpet areas for MIG-I and MIG-II categories under Affordable Housing’s Interest Subvention Scheme, describing the move in the right direction as it will give a bi...Read More

NAREDCO demands infrastructure status for housing and creation of National Fund to finance delayed / stalled projects

The National Real Estate Development Council (NAREDCO), the apex body of real estate sector, under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India, has asked Government to introduce necessary reforms in the upcoming Union Budget to revive the troubled real estate s...Read More

Naredco Summit evokes overwhelming response

MUMBAI, October 05, 2015: Global Private Equity giants, leading real estate developers, policy makers and eminent professionals came together to discuss ways and means of funding the real estate business as a whole and meet the vision of ‘housing for all’ by 2022 in particular with many innovative su...Read More

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