Knight Frank reports India faces severe housing shortages, exacerbated by funding issues in construction. Real Estate Investment Trusts (REITs) offer a viable solution.
Budget 2013-14: Rs.1 lakh interest deduction for first-time home buyers, benefiting middle-income class
The Union Budget 2013-14 provided minimal direct support to the real estate sector, addressing affordable housing slightly and impacting the luxury segment negatively.
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.
Delayed clearances for new buildings are hiking property prices in India by up to 40%, according to the Economic Survey 2013. This issue, along with higher land prices and stamp duty charges, poses challenges for the real estate sector.
Environment Ministry to ease green norms, paving the way for more high-rise buildings in cities, potentially boosting real estate construction.
Budget 2013 is anticipated to favor home buyers, with potential provisions for affordable housing. Realty players seek tax exemptions and lower interest rates.
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.
RBI's rate cuts have reduced home loan interest rates, reviving the residential market and boosting buyer sentiment across India.
Private equity investment in Indian real estate and infrastructure witnessed a decline last year, according to a Grant Thornton report. However, there is optimism for increased investment in 2023.
Finance Ministry proposes that real estate firms and brokers be permitted to operate banks, with regulations to prevent conflicts of interest and mitigate risks.
Developers express mixed views on the real estate regulatory bill, citing concerns about one-sided punishment and the need for a more balanced approach.
Real estate experts predict a prosperous 2013, citing favorable government policies as key drivers for growth and transparency in the sector.
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.
Odisha real estate developers welcome the government's decision to allow 51% retail FDI, believing it will boost the real estate sector and the state's economy.
Century Real Estate and IIM Bangalore have formed a partnership to launch a research initiative focused on the Indian real estate sector's data and policy guidance.
Pune's real estate market has attracted significant private equity investment, primarily in the residential sector, driven by the city's IT industry growth and proximity to Mumbai.
LiveNRI to Host India Property Road Show on May 5-6, 2012 for investors and home buyers
India's Real Estate Regulation Bill delayed, key changes made to draft, including reduced area size for compulsory registration
A report by Jones Lang Lasalle highlights how Indian youth are pursuing real estate courses to enhance professionalism in the booming sector, underlining the industry's evolving demand for skilled talent.
Indian real estate sector faces liquidity concerns due to global debt worries, with 2012 expected to be a challenging year with expensive debt, cautious private equity, and a rise in structured debt deals.
Realty firms appreciate RBI's decision to cut short-term lending rate, expecting reduced costs for both homebuyers and developers. It anticipates a boost in property demand.
Surat’s real estate sector has witnessed a 100% growth in the past two years, driven by vertical development, business opportunities, and infrastructure projects.
JLL India predicts marginal appreciation in residential unit prices over the next 6 months, driven by improving affordability and demand, despite current market slowdown.