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low cost housing

Developers reluctant about Modi’s “low-cost housing” proposal

Following the formation of the BJP led NDA coalition at the Center, the government had announced one of its flagship programs with regards to providing “housing for all by 2022”. In this regard, a meeting was convened in early July which was attended by representatives of the Urban Development ministry. The feasibility of executing the […]

ranjan.j

Budget 2014: New FDI norms to attract foreign investors

Foreign Direct Investment in real estate is a good source of funding. In the Union Budget 2014, certain modifications are proposed in the current FDI norms so as to encourage it in Indian real estate market. There are certain conditions and norms in FDI with respect to area, built-up area, capital and time frame. These […]

sannihith.tn

Budget 2014: FDI in Real Estate

According to recent budget updates, the minimum capital for FDI has been reduced from US $10 million to US $5 million and the minimum area requirement for all other construction projects other than housing has been reduced to 20,000 sq m built-up area from 50,000 sq m built-up area. In an attempt to promote low-cost […]

sannihith.tn

New RBI norms may boost Low-cost housing

Mumbai: As per real estate developers and the Housing Finance Companies (HFCs); the apex bank’s decision to relax norms on the availing of foreign loans for cheaper or affordable housing might encourage and attract numerous more developers to enter the segment whereas providing a lift to existing ones, although developers may be compelled to take into […]

Amendment in Service Tax for Under Construction Property

The budget 2014-15 has proposed to levy service tax only on under-construction properties. Accordingly, property buyers have to pay the builder an extra amount towards towards service tax, which is deposited with the service tax department. Finance Bill 2010 has introduced eight new services to charge service tax. This includes Special services provided by a […]

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