Real Estate Sector

Nirmala Sitharaman Meets Real Estate Developers, Homebuyers

Business | Indo-Asian News Service | Sunday August 11, 2019

The major subjects discussed in the meeting included liquidity problems and completion of stalled projects.

Government Raises Interest Deduction Limit On Home Loan In Budget 2019. What It Means For You

Business | Anshul | Tuesday July 9, 2019

After introduction of the new Section 80EEA, the maximum deduction an individual taxpayer can claim will stand at Rs 3.5 lakh.

Interest Deduction On Home Loans Raised To Rs 3.5 Lakh For Affordable Housing

Business | NDTV Profit Team | Friday July 5, 2019

The finance minister said the interest paid on housing loans is currently allowed as a deduction to the extent of Rs 2 lakh.

Housing Sales Up 22% In January-June: Report

Business | Indo-Asian News Service | Tuesday July 2, 2019

However, launches during the first six months of the current year declined by 11% to 73,049 units, in comparison to the same period of last year

Need To Boost Private Sector Participation In Affordable Housing, Say Experts

Business | NDTV Profit Team | Thursday July 4, 2019

Budget 2019 expectation: Credit ratings agency CARE Ratings said, in a report listing its expectations from the Budget 2019-20 dated June 25, it expects additional allocation for the Pradhan Mantri Awas Yojana in the July 5 Budget. It also expects a reduction in the holding period of real estate investment trusts (ReITs) to be made in line with lis...

Opinion: Extraordinarily High Taxes, Interest Rates Have Affected Realty Growth

Business | Surendra Hiranandani | Friday June 21, 2019

The Indian real estate sector is the most highly taxed with the combination of high direct and indirect taxes, stamp duties and levies for development approvals.

Government Needs To Encourage Banks To Lend To Realty Developers: Experts

Business | Sakshi Bajaj | Wednesday June 19, 2019

Experts say growth in the real estate sector seems stagnant and immediate solutions are not expected, however the government is urged to take steps to boost liquidity.

FICCI For Rationalisation Of Provisions On Immovable Property Transactions

Business | NDTV Profit Team | Monday June 17, 2019

It is recommended the exemption should be increased to at least Rs 3 lakh per annum, according to FICCI.

Hike In Deduction On Home Loan Interest To Boost Realty Sector: Industry Body

Business | NDTV Profit Team | Saturday June 15, 2019

Industry body Assocham has recommended an increase in interest deduction on home loan to Rs 5 lakh from the current Rs 2 lakh.

Realty Players Expect Home Sales To Rise In 6 Months: Report

Business | Indo-Asian News Service | Monday May 13, 2019

According to the report, the positive sentiments can be largely attributed to the rationalisation of GST for under-construction properties

Home Sales Seen Rising In June Quarter On Repo Rate Cut, New GST Rates: Experts

Business | Indo-Asian News Service | Sunday April 7, 2019

The RBI in its latest monetary policy meeting on Thursday reduced repo rate, the rate at which it lends the banks, by 25 basis points (bps) to 6%.

Government Considering GST Relief For Real Estate Sector: Piyush Goyal

Business | Indo-Asian News Service | Thursday February 14, 2019

Under-construction houses currently attract 12 per cent GST and 6 per cent stamp duty and registration.

Benefits For Property Owners Announced In Budget 2019: All You Need To Know

Business | NDTV Profit Team | Sunday February 3, 2019

In the Budget 2019, the government has announced different benefits for house owners. The government proposed to hike the TDS exemption limit applicable to payment of rent from Rs 1,80,000 to Rs 2,40,000 per year. As per existing tax rules, the tenant other than entities including salaried individuals is required to deduct TDS on payment of rent ab...

Real Estate Players Welcome Tax Benefits, Exemptions Announced In Budget 2019

Business | Saturday February 2, 2019

Owners of unsold inventory are currently exempt from paying income tax on notional rent for a period of one year.

Interim Budget Showers Tax Benefits To Boost Realty Sector

Business | Indo-Asian News Service | Friday February 1, 2019

In a major push for the affordable housing segment, the Finance Minister also proposed to extend the benefits under Section 80-IBA of the Income Tax Act for one more year till March 2020.