Union Budget 2019

Union Budget 2019-20: A Boost to NRI Investors

– by Shajai Jacob The Union Budget 2019 announced on 5th July brings in a mixed bag of emotions for the NRI investment community. While positives like better tenancy regulations and an enhanced NRI portfolio route back to India provide the much-needed stimulus to their confidence, some policies...Read More

Budget 2019: Allocation for Housing & Urban Affairs Ministry up by 12% | Weekly News Roundup

We’re back with another weekly news roundup! Let’s begin.  On July 10, 2019, the West Bengal assembly passed an amendment to the state’s Apartment Ownership Act, to enable associations of a housing project to form federations, to look after the common areas. A pre-bid conference will be held on Jul...Read More

Union Budget 2019 Boost To Real Estate: Affordable Housing Gets New Lease Of Life

Union Finance Minister Nirmala Sitharaman, while presenting her maiden budget and the first budget of Modi 2.0 government, announced an additional rebate of Rs 1.5 Lakh on Housing Loan Interest. Being considered as a big boost to the real estate sector, this step will encourage first-time homebuyers ...Read More

Real Estate needs approximately Rs 35,000-40,000 cr of financial stimulus for its revival

by Ramesh Nair The current government’s progressive work implemented during its first term has helped in the sector’s revival. While it has helped in the residential segment’s revival, it has put India’s office and retail segments, and emerging segments such as logistics and warehousing on a gl...Read More

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’s Expectations from Union Budget 2019: Pritam Chivukula

by Pritam Chivukula We look forward to seeing the new Finance Minister Nirmala Sitharaman present her maiden budget in Parliament on July 5, 2019. We hope it will address the expectations and aspirations of home buyers as well as that of the real estate sector. Post the NBFC crisis, liquidity has bee...Read More

Only 9% of Current Unsold Housing Stock Benefits from Tax Relaxation – RealtyMyths

Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants Just 63,000 ready units currently benefit out of total 6.73 lakh units across top 7 cities Nearly 22,000 ready unsold units completed before 2017 don’t benefit from the new rule 33% of 5.88 lakh unsold under-construction units in the luxury...Read More

Mr Khushru Jijina, MD of Piramal Capital & Housing Finance on Union Budget 2019 – RealtyMyths

Mr Khushru Jijina, Managing Director, Piramal Capital & Housing Finance The Interim Budget for FY20 aims at a fine balance between the upliftment of the rural economy as well as incentivizing the high spending urban middle class. The budgetary provisions for India’s rising middle class are expect...Read More

Union Budget 2019: H. P. Rama Reddy, Chairman of Reliaable Developers’ reaction – RealtyMyths

Mr H. P. Rama Reddy – Chairman, Reliaable Developers This year’s budget has been announced on an optimistic note, giving a boost to the middle-class sector and the farming population of the nation. With the Finance Minister announcing tax exemption for income up to Rs. 5 lakhs and an increase in stan...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

Weekly News Round Up- RealtyMyths

Hey guys! Welcome back to a whole new set of weekly news roundup, where we inform you about the latest happening in the real estate world. So let’s get started! Beginning with Jewar airport. The Union Minister Mahesh Sharma announced, on January 30, PM Modi is likely to lay the foundation stone for J...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

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