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 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 is anticipated to favor home buyers, with potential provisions for affordable housing. Realty players seek tax exemptions and lower interest rates.
Theme-based housing is trending in the Indian residential market, driven by global exposure and increasing demand. Tata Housing and Disney are entering the market.
Odisha real estate builders fear market slowdown due to recent scams. CREDAI-Odisha Chapter forms scrutiny committee to restore trust.
Real estate values are correlated with the presence of reputable schools. High-reputation schools increase property value due to parents prioritizing proximity for admissions and convenience.
Real estate builders are turning to online reputation management systems to address negative comments from home buyers on social media due to project delays.
Govt to Establish Regulatory Body to Protect Home Buyers from Unscrupulous Real Estate Developers
The Allahabad High Court has dismissed a review petition by Noida and Greater Noida authorities regarding NCR Planning Board approvals, delaying flat possessions. Relief for buyers as villagers' petition to quash land acquisition fails.
LiveNRI to Host India Property Road Show on May 5-6, 2012 for investors and home buyers
Mumbai faces a real estate crisis with Rs275 billion invested since 2005 yielding few returns, leaving many flats vacant and buyers confused amid rising costs and regulatory changes.
A developer warns against misleading real estate reports, emphasizing the rising input costs. However, opting to rent may be a smarter financial decision.
India's property market to attract $3 billion from overseas buyers, despite high prices, driven by robust economy and growing middle-class population.
CCI accuses DLF of unfair conditions on Magnolia home buyers in Gurgaon, echoing previous cases.
Noida Extension apartment buyers face dilemma due to land dispute, seeking refund or relocation
Farmers in Noida Extension seek better compensation and land return, advocating for a solution that benefits both themselves and homebuyers while addressing grievances with the government.
Wealthy buyers of Commonwealth Games apartments in Delhi struggle to gain occupancy, facing rising loan interest and deteriorating conditions at the vacant properties.
Real estate transactions dip during summer months due to heat, vacations, and auspicious beliefs. Launches are lowest in Q2, peaking in Q3 with over 41% of new highrise apartments.
Affordable housing concept emerged as a ray of hope in India's residential realty market after economic recession, aiding its early recovery.
CREDAI warns that property prices may rise by 2.5% due to the new service tax implemented from July 1, 2010, which will ultimately burden buyers.
The revised Direct Tax Code draft released on June 15 aims to simplify income tax laws, affecting short-term and long-term capital gains, rental income, and home loan interest rates.
Rising realty costs trouble homebuyers, 30% price hike since Aug 2009, experts anticipate 15% correction for market buoyancy.
Indian residential property market shows signs of recovery with increased sales and prices during the festive season.
New real estate bill aims to protect homebuyers by regulating developers, ensuring project legitimacy and transparency through mandatory registration and approvals.
Demand for 2BHK residential apartments surges, driving developers to shift focus, with up to 60% of inventories now comprising two-bedroom units.