Closing the budget housing gap in India
News Point: Indian developers tend to focus only on housing…
Search Results: budget housing (322)
Does budget housing pull down a location’s property values?
Track2Realty: It is usually believed that any sort of affordable housing reduces the property values of the neighboring properties as well. In the Indian market context, however, various studies as well as on-ground experiences in India reveal that this age-old preconception does not hold true.
No major incentive to fuel housing demand in Budget
Housing demand is a serious matter of concern and the…
Union Budget 2016-17 confused about housing needs
After much expectation the Union Budget 2016-17 neither addresses the…
Budget must reduce interest rate to increase housing demand
What Government can look at is to increase the demand and continue interest reduction in housing or enhance the deduction limit. Government can also provide special tax incentives for budget housing.
Due importance to affordable housing in Budget 2011: Ramesh Sanghvi, Director, Sanghvi Group
The budget of 2011-12 has certainly given due importance to the affordable sector. The current scheme of interest subvention on 1 percent on housing loans is now extended to Rs 15 lakhs where the cost should not exceed 25 lakh.
Low Income and Middle Income Housing thrust is reflected in the Budget: Rohtas Goel, MD, Omaxe
Affordable Housing development is expected to be encouraged with the announcement of a new Housing Mortgage Guarantee Fund which will cover the risk of Housing Finance Companies for lending to less advantaged sections of society.
Union Budget 2011 offers 1 per cent interest sop to low-cost housing loans Rs 15 lakh
The government on Monday said low-cost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing.
NAREDCO expects thrust to housing for all in budget
National Real Estate Development Council (NAREDCO), the apex body of real estate industry in the country, expects Finance Minister to grant infrastructure status to housing under section 801A of IT Act, 1961, thereby, treating housing at par to other infrastructure projects.
How to make housing more affordable?
No one has got a clear answer to the core of the problems and every industry stakeholder has his own point of view. However, the economies of scale suggests it definitely helps the developers to undertake cost-effective measures since material procurement happens at a group level. This gives large developers an advantage over other smaller developers and projects. Also, the duration of construction has an impact on the cost. The developers must ensure the completion of projects on time, which could help us sell the properties at a faster pace and keep the cost under control.