Q:A new state government circular that ask to increase stamp duty revenue by changing the method of calculation of depreciation in respect to old buildings has caused a panic in the real estate industry.
Latest Answer: This method will create complication for valuation of property as well for computation of capital gain tax. In spite of the fact that the govt. may receive additional revenue at the beginning by way of an increase stamp duty. But it will dampen the number of transaction in the log run.
Q:This summit is organised by Naredco (National Real Estate Development Council), the National Real Estate organisation in association with Aprea (Asia Pacific Real Estate Association).
Latest Answer: Hi,
Good thought by the NAREDCO and APREA. The summit will provide a crucial platform for all stakeholders, developers, PE players and government agencies to jointly discuss key challenges faced by the sector and initiatives required to improve the sector performance.
Q:The affordable housing sector was expecting that the Modi govt, like last time, would extend some support to it and solve the difficulties. But hopeless result.
Latest Answer: Good evening friends,
It is really a good news as it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
Latest Answer: Hi Rakshit and Abhishek,
It will not only solve the housing shortage but at the same time, it will increasing the standards of living by giving proper homes and subsidised interest rates to EWS and LIG groups will not only aid in fulfilment of their social needs but also help everybody associated with the real estate sector. We are happy with this decision and welcome it wholeheartedly.
Latest Answer: Hi Asish and Ravi,
It is imperative to understand that Housing for all by 2022 is a bigger term than what is being understood by the common public. There is lot more to it than just providing houses to everyone. The government has planned to not only build more houses, but to redevelop slums, decrease interest for poor section, involving private sector and also aid urban poor for renovating the existing homes.
Latest Answer: Yes, what you mentioned is right but the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Latest Answer: Hi everybody,
Yeasterday, the Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Latest Answer: Hi Shantanu & Rakshit,
At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes.
Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.
Latest Answer: Hi Praveen & Sunil,
The Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.
Latest Answer: At the same time Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes.
Through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.