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Real Estate Forum on Union Budget 2015-16

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Is it right that Corporatisation of ports will offer immense elasticity in terms of fund-raising and expansion???
Latest Answer: Right Bikram, Roti, Kapda and Makan are the three basic needs of the people moves to Mumbai. You provide them Makan, they will arrange the rest of the two. He may not have resources to invest in property and he is not sure about how long he is going to stay in the city.
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Q: The city's real estate group wants finance minister Arun Jaitley to present a budget that will create a strong foundation for achieving the "home-for-all" goal of the Narendra Modi government.
Latest Answer: Hi all, I am agree with the above mentioned statement. And in my opinion reduction in home loan interest rates will be important so will be offering industry/infrastructure status for the housing industry. Also necessary is availability of finance at lower interest rates and clarity on taxation for real estate investment trusts and foreign direct investment (FDI) in housing.
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Q: HI,
I need your opinion on Budget 2015-16.Do you think that this budget will boost the smart city project?
Latest Answer: To get the reasonable result, govt. should support those cities or state first. "Jyada Khakar Bimar Hone se Achcha Hai ki Kum Khakar Healthy Rahe"......... Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy. Also, the track record of Public Private Partnership projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.
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Latest Answer: Both homebuyers and developers are expecting the Budget to offer sops that will boost demand as well as supply of affordable housing. Currently, home buyers get a 1% interest subvention for loans up to 15 lakh for a house priced below 25 lakh.
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Latest Answer: You are right Govinda, Recently I inquired about a house. I was told that there was PSL cost. PSL stands for Premium Scenic Location. This PSL is because the flat faces mountains. The mountains are in a forest location which is owned by Government. Now who will tell the builders to stop the looting and cheating.The builders want all benefits from Government but never pass the same to flat owner.
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Q: The real estate sector has several expectation from budget 2015-16. What is your opinion and what initiative should Modi Govt. take to give better shape of Indian Realty Market?
Latest Answer: Hi all, Have you heard the news? PM Narendra Modi's "Housing for all by 2022" scheme to be launched by mid of June'2015. The government is getting ready to launch PM Narendra Modi's most committed scheme "Housing for all by 2022". And he is probably to launch the scheme as an umbrella mission after recounting all affordable housing schemes and slum redevelopment projects.
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Latest Answer: Don't worry, the Union budget should bring a significant decrease in interest rates on home loans. The Ministry for Urban Development and Housing had made it clear that it would maintain a sharp focus on reducing home loan interest rates, and the budget will hopefully bring firm evidence of this focus.
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