Gulam Zia, Executive Director, Knight Frank India, says Despite Mumbai’s high-end property sales, affordable housing faces inventory shortages as developers prioritize luxury projects. While price increases are plateauing in major markets, the affordable segment is poised for a comeback. Lower interest rates and the Pradhan Mantri Awas Yojana 2.0 are expected to revitalize the mid … Read more
Image for representative purpose | Photo Credit: The Hindu Presenting the Union Budget for 2025 in the Parliament on Saturday (February 1, 2025), Finance Minister Nirmala Sitharaman listed measures to expand affordable housing. Ms. Sitharaman announced that 40,000 units of housing would be completed in 2025-26 to help families which have taken loans to buy … Read more
Rushank Shah, Promoter, Hubtown, says that over the next three to four years, they are focusing on a couple of things. One of the first things they are focusing on is reducing our debt from our current levels to zero, as well as they will be using some of the existing land parcels including one … Read more
Long-term capital gains tax: The Centre announced on Tuesday a significant decision that offers relief to homeowners regarding Long-Term Capital Gains (LTCG) tax on real estate. Homeowners will now given the option to choose between two tax rates: a 20% rate with the indexation benefit, or a 12.5% rate without indexation. This policy shift follows … Read more
Delhi housing projects: The Delhi Development Authority (DDA) has announced that it will offer about 40,000 flats under three housing schemes for low-income, mid-income, and high-income groups. The authority has approved the launching DDA Sasta Ghar Housing Scheme 2024. In a statement, the housing authority said that under the scheme, flats will be built in … Read more
The Central Board of Direct Taxes (CBDT) has issued a clarification regarding Section 230 of the Income Tax Act, 1961 over reports that claimed a mandatory tax clearance was needed before leaving the country. Responding to the reports, which created a significant stir, the CBDT said Section 230 does not mandate every individual domiciled in … Read more
The Finance Minister’s recent budget declaration marks a significant turning point for the Indian real estate sector, particularly in addressing the housing needs of 1 crore urban poor and middle-class families. With an unprecedented investment of Rs 10 lakh crore, this budget is set to dramatically enhance urban housing infrastructure, making affordable housing a reality … Read more
Keki Mistry, Former VC & CEO, HDFC, says his experience over the years not only in India but in many other countries globally, is that when the tax rate is reduced, compliance is improved significantly and there is a greater urge to work and earn more income. So, a reduction in tax rates, whether it … Read more
Prime Minister Narendra Modi approved government assistance for the construction of three crore rural and urban houses under Pradhan Mantri Awas Yojana (PMAY) during the maiden Cabinet meeting of his third term last week. However, affordable housing in urban and metro cities has taken a back seat recently, with a shift in focus towards the … Read more
Rishi Anand, MD & CEO, Aadhar Housing Finance, says the timing of the election, as their bankers have suggested, does not matter too much. So, they have gone ahead with the listing. In the entire context of getting Sebi approval for IPO in 2022 and not going ahead with it and then coming back with … Read more