India's Finance Ministry is finalizing rules for a new Infrastructure Trust Fund to accelerate investment in power, ports, and aviation projects, aiming to attract domestic and foreign investors.
Budget 2013-14: Rs.1 lakh interest deduction for first-time home buyers, benefiting middle-income class
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.
Finance Ministry plans to bolster the real estate sector by facilitating bank loans for builders with stalled residential projects, aiming to revitalize the sector and stimulate economic growth.
CREDAI urges real estate developers to lower property prices to address high unsold inventory, amidst suggestions from Finance Minister P Chidambaram for economic revival.
India's Govt Pushes Banks to Lower Lending Rates Amid Economic Slowdown
Finance Minister P Chidambaram assured real estate developers that the government will encourage banks to boost lending and lower interest rates for affordable housing.
Govt disputes Assocham's job loss forecast, cites domestic-driven economy
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.
Finance Minister P. Chidambaram's decision to lower home loan rates highlights a slowdown in various sectors, despite commercial real estate thriving.
The Indian government acknowledges public demand for reduced home loan interest rates, particularly for loans under Rs 20 lakh, but leaves the decision to banks and the RBI.