Union Budget

Housing Absorption Declines 13% in Q2 2019 – ANAROCK

by Anuj Puri As anticipated, residential real estate activity remained largely tepid during the second quarter of 2019 in the backdrop of the general elections during the period but the recent Union Budget sops for the affordable sector may give the much-needed push to the segment henceforth. ANAROCK...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

The RE sector hopes for a huge stimulus for investment from the Union Budget 2019

by Tulsi Tanti The World Bank’s Economic Prospects Report has forecast India’s economy to grow by 7.5 percent during this and the next two fiscal years, retaining its top spot as the fastest-growing major economy. India’s growth estimate is the brightest spot in a grim forecast for the wo...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

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

5 things to cheer for in FY19-20 – RealtyMyths

As the new financial year 2019-20 starts, it brings along many good things to cheer for. It is the time from when the announcements made during the Union Budget, get implemented.  Talking about the real estate sector and the factors that may impact the homebuyers, there are majorly 5 things that peo...Read More

Budget 2019 Highlights & Review: Residential Real Estate Sector – RealtyMyths

by Akhilesh K Prasad The residential real estate sector has taken a huge hit in the last two years. Apart from a prevalent slowdown in the market, this was attributed to demonetization and the implementation of Real Estate Regulations and Development Act (RERA) and Goods and Services Tax (GST) which ...Read More

Real Estate Gets Double Dose Of Happiness, Hails RBI’s Repo Rate Cut After Budget Bonanza

In an unexpected move, at least the market experts would agree to it, the Reserve Bank of India today cut the key Repo Rate by 25 bps, bringing it down to 6.25 percent. RBI was doing the 6th bimonthly monetary policy review, and first under its new Governor Shaktikanta Das, who replaced Uriji Patel a...Read More

GST enters Year 2 – Real Estate Still Flummoxed

Anuj Puri, Chairman – ANAROCK Property Consultants The landmark reform of Goods & Services Tax (GST) was, in many ways, the final bullet shot to the Indian real estate sector in July 2017. The industry was already reeling under the immediate impact of DeMo and RERA. GST was touted to be a g...Read More

The Diminishing Corporate Investment into the Economy – Is it to do with Corporate Governance!

The Narendra Modi led Union Government is just a month away from presenting its fourth Union Budget. Riding on the reformatory waves it laid last year, the government is again expected to unleash more such policy amendments this year as well. However, one of the biggest challenge for the Union Govern...Read More

Affordable Housing: A dream coming true!

By Soumya Prakash Right, the term ‘affordable housing’ is nothing new, but what is new is the activism – the incumbent government’s willingness to make it a reality. It’s amply demonstrated in the last two years – from intents in the form of policy statements/proposals to action on the ground. ...Read More

Real Estate’s Expectations from Union Budget 2017-18

Anuj Puri, Chairman & Country Head, JLL India Clarify beneficiaries under Pradhan Mantri Awas Yojana The government recently announced that interest rates of 3% would be applicable on loans of up to INR 12 lakh and 4% on loans of up to INR 9 lakh, under the Pradhan Mantri Awas Yojana (PMAY). Now ...Read More

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