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What Real Estate Expects From The Union Budget 2019

Ms. Nirmala Sitharaman, the new finance minister in Modi Government is set to present her maiden budget on July 5, 2019. And clearly, her focus would be to pull up the GDP growth rate up to 7.5%, as expected by the World Bank. Generating employment is the next issue that the government wants to tackl...Read More

Real Estate Budget Wish List: Pass on tax benefits to boost large-scale housing development

by Anshuman Magazine The Indian realty sector expects some more favorable SOPs and policies to be introduced by the newly re-elected government in this Union Budget 2019-20. Riding on strong regulatory mechanisms introduced in the previous term such as RERA (Real Estate Regulatory Authority Act), GST...Read More

Hines and Conscient to Develop Luxury Residential Project in Gurgaon

Hines, the international real estate firm, and Conscient Infrastructure Pvt. Ltd., a trusted name in the real estate industry in India, have commenced work on developing the premium residential project, Elevate, in Gurgaon. The residential project, with an estimated value of INR 2000 Cr., is Hines’s ...Read More

The government should lower GST to encourage Co-working sector

by Manas Mehrotra, Co-working spaces have now become the buzz word in India’s commercial realty segment due to the voluminous demand for shared working spaces in the recent past. While the demand for coworking spaces continues to rapidly across India, there are some key changes that co-working firms ...Read More

Real Estate Expectations from Modi 2.0 – RealtyMyths

Since Modi came to power in 2014, people discussed many decisions taken by the govt. We thought that it will be good to discuss the various decisions taken by Modi govt. from 2014 to 2019, which changed the entire landscape of real estate marketing in India. This will also set the agenda of 2019 to 2...Read More

Branded Real Estate Gaining Momentum; Share rises to 56% of Overall Supply

by Prashant Thakur What’s in a name? For Indian homebuyers and investors today – a lot. In metros as well as tier 2 and tier 3 cities, a real estate developer’s brand name wields considerable clout. Real estate players with high-recall brands have upped their game and accounted for a whopping 56% sha...Read More

Real Estate Budget Wish List: More Tax Benefits Needed To Generate Demand

by Anuj Puri With the Modi Government taking full charge, all sectors have pinned high hopes from the finance minister – who is already saddled with multiple issues including the slowing economy, liquidity crunch due to NBFC crisis, lack of job creation and rising NPAs, among others. Without co...Read More

Real Estate Budget Wish List – Address the Liquidity Crunch

by Dr. Niranjan Hiranandani New MODI 2.0 government is all geared to set the ball rolling with its first union budget presentation on 5th July. With this, the Indian real estate sector builds the wish list in anticipation to give much-required impetus to the slow-moving sector. Real estate is highly ...Read More

Unsold Luxury Housing Stock Declines 12% in 1 Year

-Overall unsold inventory of luxury homes (priced INR 1.5 cr – INR 2.5 cr) declines to 42,650 units in Q1 2019 from 48,300 units in Q1 2018 -MMR currently accounts for maximum share at 56% -Bangalore sees 49%, Kolkata 37% yearly decline in total unsold ultra-luxury homes -NCR and MMR each saw a 7% de...Read More

With elections done, focus shifts to 12% GST on home buyers

by Mr Neh Srivastava, Under Secretary, Ministry of Home Affairs & President, CSSOS  With elections done and dusted, the Central Board of Indirect Taxes and Customs (CBIC) is moving ahead with its plan to implement its 12 per cent GST order on balance amount due to the builders. As per the order, ...Read More

Modi Returns, Will The Real Estate Reforms Return Too!

Modi is back! Yes, a month-long festival of democracy came to an end with the verdict going in favor of the Narendra Modi-led NDA government. Remarkably, this time the brand Modi broke its own record and came back with more seats than 2014. Among all, the business community was the one which started ...Read More

India Real Estate Welcomes Modi 2.0 – RealtyMyths

by – Anuj Puri, Chairman – ANAROCK Property Consultants Billions of Indians have given their verdict and the real estate sector has every reason to cheer. After all, the sector got the maximum policy-related attention during this government’s first tenure. In retrospect, Modi’s vict...Read More

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