News articles tagged Union Budget

The Growing Potential of SM REITs in India

India's Small and Medium Real Estate Investment Trusts (SM REITs) market is booming, projected to reach $60 billion by 2026. Key cities like Mumbai and Delhi are driving growth, offering stable returns and attracting investors.

Greater Noida real estate to work more on affordable housing

The new Union bill enhances transparency in Greater Noida's real estate, empowering homebuyers while addressing builders' concerns amidst rising demand for affordable housing.

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 2013-14: No Big Boosts for Real Estate Sector

The Union Budget 2013-14 provided minimal direct support to the real estate sector, addressing affordable housing slightly and impacting the luxury segment negatively.

Real Estate Sector still waiting for the long pending Industry Status.

The recent budget allows external borrowing for low-cost housing, improving funding availability, but still falls short of the real estate sector's wider expectations.

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.