Real Estate Sector

UP Police Arrests Man For Duping People Of Over Rs 200 Crore

Lucknow News | Press Trust of India | Tuesday February 25, 2020

A man accused of scamming hundreds of people into making huge investments in real estate sector through a slew of firms set up by him and duping them of over Rs 200 crore was arrested by the Special Task Force of Uttar Pradesh police on Monday, officials said.

Deduction Of Rs 1.5 Lakh On Home Loan Interest Extended Till March 2021

Business | Press Trust of India | Saturday February 1, 2020

The additional deduction of Rs 1.5 lakh, over and above the existing Rs 2 lakh, is being provided under the Section 80EEA.

Need Industry Status For Realty Sector In Budget: Bennet & Bernard Group

Business | Edited by Abhishek | Saturday February 1, 2020

The government in November last year announced Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment.

Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body

Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday February 1, 2020

India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.

Housing Sales Decline 30% In October-December: Report

Business | Indo-Asian News Service | Tuesday January 14, 2020

A total of 64,034 homes were sold across nine key markets during the third quarter of the financial year 2019-20.

Government Rolls Back Changes, Allows Joint Property Owners To File Returns With Simple Forms

Business | IANS | Friday January 10, 2020

The clarification has come days after the government modified the eligibility for filing the returns in ITR-1 and ITR-2, stating that those owning a property jointly, spending Rs 2 lakh on foreign travel and paying electricity bill of Rs 1 lakh in a year would not be able to file returns in the simpler forms.

GDP Growth Data For September Quarter To Be Released Today: 10 Things To Know

Business | Edited by Sandeep Singh | Friday November 29, 2019

The government will at 5:30 pm today release data on GDP or gross domestic product for the second quarter of current financial year. Many economists expect India's GDP growth rate to decline further to below 5 per cent amid consumption slowdown and loss of thousands of jobs. Economic growth had come in at 5 per cent - the lowest rate of expansion r...

Government Plans More Measures For Realty Sector, Shadow Lenders: Report

Business | Indo-Asian News Service | Thursday November 28, 2019

One time recast would mean a one-time rollover for real estate developers for loan repayments which will not classify their loans as SMA or NPA.

Property Market Set For Modest Lift From Government Measures: Poll

Business | Reuters | Friday November 22, 2019

The November 6-19 Reuters poll forecast average national prices would rise 3.0 per cent next year and 4.3 per cent in 2021.

Rs 25,000-Crore Realty Fund A Big Relief For Consumer, Builder: Experts

Business | Edited by Anshul | Thursday November 7, 2019

On Wednesday, Finance Minister Nirmala Sitharaman said the government will put in Rs 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided jointly by State Bank of India (SBI) and Life Insurance Corporation (LIC).

Centre Announces Rs 25,000-Crore Fund For Stalled Real Estate Projects: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Wednesday November 6, 2019

The government on Wednesday announced a Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment. Finance Minister Nirmala Sitharaman said the government will put in Rs. 10,000 crore in the Alternative Investment Fund (AIF) and the remaining amount will be provided joi...

Finance Minister Nirmala Sitharaman Hints At More Sops For Housing Sector

Business | Indo-Asian News Service | Wednesday November 6, 2019

Ms Sitharaman also admitted that the issues facing the real estate sector have not been addressed fully.

Government Steps For Housing, Exports To Support Economy: FICCI

Business | Indo-Asian News Service | Sunday September 15, 2019

The industry body welcomed the government's move a day after Finance Minister Nirmala Sitharaman announced steps to help the nearly stalled real estate sector and increase India's exports.

Expected Economic Growth Measures, Macro Data To Guide Markets: Experts

Business | Indo-Asian News Service | Sunday September 8, 2019

The government is expected to announce some more growth inducing measures especially for the real estate sector during the week.

Centre Likely To Announce Measures For Real Estate Sector This Week: Report

Business | Indo-Asian News Service | Tuesday September 3, 2019

The government is likely to increase the ambit of affordable houses from Rs 45 lakh to Rs 70 lakh, according to the report.