News articles tagged Finance Minister

Budget 2013-14 Proposes Rs.1L Deduction to First-Home Buyers

Budget 2013-14: Rs.1 lakh interest deduction for first-time home buyers, benefiting middle-income class

Budget 2013 -2014: An Overall Review

Budget 2013-14, announced by Finance Minister P. Chidambaram, introduces mixed measures impacting both high earners and common taxpayers, with changes in tax structures, luxury items becoming costlier, and benefits for first-time home buyers.

Budget 2013: What it offers to Indian Realty?

Budget 2013 offered limited benefits to the real estate sector, primarily aiding first-time homebuyers with tax deductions on home loans up to ₹25 lakh.

Budget 2013 to Give Hopes to Home Buyers

Budget 2013 is anticipated to favor home buyers, with potential provisions for affordable housing. Realty players seek tax exemptions and lower interest rates.

Real Estate Sector Wants FM To Lower Costs Of Finance

Indian real estate players anticipate the Finance Minister's budget to lower construction finance costs, boost the sector, enable affordable housing, and expedite project clearances.

Real Estate Sops can’t impress Firms.

India's finance minister relaxes borrowing norms for real estate firms and extends loan subsidy for affordable housing, but industry leaders deem it insufficient.

Budget 2012: 1 per cent TDS imposed on property sales.

1% TDS proposed on property transfers exceeding ₹50 lakh in urban areas and ₹20 lakh elsewhere, effective October 1. The move aims to curb unaccounted money.

Realty Sector in Disappointment

Budget 2012-13 proposes external commercial borrowing for affordable housing, a Credit Guarantee Trust Fund, and increased Rural Housing Fund provisions. Real estate players express disappointment, citing increased costs from the cement industry tax and service tax hike.

Builders say that Pranab Mukherjee has ignored ground realty in the Union Budget 2012-13.

Realty leaders express disappointment over budget allocations for housing, calling for stronger support for affordable housing initiatives.

Realty Sector has no resurgence.

India's housing sector's GDP contribution is projected to rise from 5% to 6% due to increased investment, but the 2012-13 Budget lacks substantial support for the real estate industry's growth.

Realty players demand Industry status and affordable housing as a priority from the Budget 2012-13.

Union Budget 2012 expected to provide policy reforms for the real estate sector, with calls for industry status and affordable housing measures.

Real Estate Prices To Increase

India's real estate prices expected to rise further as Finance Ministry retains 2.5% service tax on under-construction projects, impacting homebuyers.

Memorandum to Govt. from CREDAI to Take Off Service Tax

CREDAI submits memorandum to Finance Ministry to remove service tax on under-construction housing complexes.

Realty Sector Urges FM To Revisit Budget

The urban development ministry calls for a review of the proposed service tax on housing projects, amidst concerns over its impact on the struggling real estate sector.

RBI Cuts Repo Rate - Might be Good News for Realtors

RBI's recent repo rate cut by 100 bps to 8% aims to curb inflation and may benefit real estate companies and investors, according to Finance Minister P Chidambaram.

Heat Of Rising Interest Rates.

Finance Minister P. Chidambaram's decision to lower home loan rates highlights a slowdown in various sectors, despite commercial real estate thriving.

Budget’08 - Real Estate and Industry Analysis.

India's 2024 budget lacks major direct real estate tax changes, but personal income tax cuts may indirectly boost housing demand. The awaited REIT clarification and tax holiday for developers didn't materialize.