Union Budget 2016 HIGHLIGHTS: Home buyers to get Rs 50,000 more deduction on interest; no change in income tax slabs
First time home buyers will get a deduction of an additional interest of Rs 50,000 per annum for loan upto Rs 35 lakh, during 2016-17, provided the house value does not exceed Rs 50 lakh.
Feb 29, 2016, 16:46 PM IST
DDT exemption will pave way for REITs launch: Experts
Finance Minister Arun Jaitley's proposed removal of dividend distribution tax has received a thumbs-up from the real estate sector which has been looking for a clarity to launch Real Estate Investment Trusts (REITs) for raising funds.
Feb 29, 2016, 16:31 PM IST
First home buyers get Rs 50,000 more deduction on interest
Aiming to boost demand in realty sector, the government on Monday proposed an additional Rs 50,000 deduction on interest on loans for first home buyers and tax incentives on development of affordable housing, besides exempting REITs from dividend distribution tax.
Feb 29, 2016, 16:28 PM IST
Budget 2016: Expectations of home buyers
The deduction for interest on housing loans needs to increase from the current limit of Rs 2 lakh.
Feb 24, 2016, 13:13 PM IST
Budget 2016: Common man's expectations from FM Jaitley
The common man expects the income tax limit to be increased from prevailing Rs 250,000 to Rs 300,000.
Feb 11, 2016, 13:19 PM IST
Modi govt to provide affordable houses in less than Rs 5 lakh
At a time when only one percent of India's population can afford a house above Rs 10 lakh, the Modi government is not only committed to building smart cities but also to offer affordable houses below Rs 5 lakh.
Feb 10, 2016, 17:34 PM IST
Housing sale down 4% in 8 cities in 2015; 6.9L units unsold
Housing sales fell by 4 percent to 2,63,720 units last year, lowest since 2010, in the eight major cities of the country on account of demand slowdown in the real estate market despite interest rate cut by the RBI.
Jan 28, 2016, 21:23 PM IST
Know why Mumbai property prices may come down by 20% soon
Real estate developers in Mumbai may soon begin offering 20 percent discount to its home buyers.
Jan 06, 2016, 11:21 AM IST
Housing.Com appoints Mani Rangarajan as CFO
Mani has held executive level roles in companies such as Citigroup and Yahoo. He has also been involved with several start-ups in India in advisory roles, the SoftBank-backed portal said.
Oct 18, 2015, 20:35 PM IST
Rajasthan CM Vasundhara Raje announces 'affordable' urban housing policies
Rajasthan Chief Minister Vasundhara Raje on Saturday unveiled two policies pertaining to affordable housing and allotment of land in urban areas of the state.
Sep 26, 2015, 18:04 PM IST
Active private participation in housing need of the hour: Naidu
Inviting investments from private players in housing sector, government on Wednesday said they can play a key role in achieving the goal of 'housing for all' by 2022.
Sep 16, 2015, 14:14 PM IST
'Housing for All' scheme: 305 cities identified across nine states
The selected cities and towns are in Chhattisgarh (36 cities/towns), Gujarat (30), Jammu and Kashmir (19), Jharkhand (15), Kerala (15), Madhya Pradesh (74), Odisha (42), Rajasthan (40) and Telangana (34).
Aug 30, 2015, 17:48 PM IST
Affordable homes offer $11.8-bn opportunity for builders
Affordable home segment presents a business opportunity worth USD 11.8 billion for developers across seven major cities of the country, according to property consultant Cushman and Wakefield.
Aug 24, 2015, 23:48 PM IST
Housing-for-All: States to be involved in planning, decision-making
For smooth implementation of the ambitious 'Housing-for-All' scheme, the Centre has proposed to decentralise the process by involving state governments in the planning and decision-making process.
Aug 20, 2015, 22:13 PM IST
Good news for home seekers in Delhi; DDA to offer over 60,000 flats next year
DDA will issue its next housing scheme by the end of 2016, which would be much larger than the 2014 project and will include more than 60,000 flats.
Aug 20, 2015, 13:46 PM IST
Over 7 lakh homes unsold in top 8 cities: Knight Frank
The national capital region (NCR) market had 1.9 lakh unsold homes as of June.
Jul 28, 2015, 18:06 PM IST
Housing for All: Singh says aim is to build durable dwellings
Union Rural Development Minister Chaudhary Birender Singh on Friday set the target of building durable and quality houses in rural areas under the NDA government's flagship 'Housing for All by 2022' scheme.
Jun 19, 2015, 15:17 PM IST
Experts to brainstorm on rural housing technology
An official release said that the workshop will provide a common platform to developers, designers and technical personnel from the housing sector in rural areas to share the best practices.
Jun 19, 2015, 09:03 AM IST
Housing finance stocks hog limelight, soar up to 5%
LIC Housing Finance surged 4.63 percent while Dewan Housing Finance Corporation rose 4.21 percent on BSE.
Jun 18, 2015, 13:03 PM IST
Industry hails 'Housing for All' as a milestone decision
Hailing the Cabinet's decision of launching 'Housing for All by 2022' mission for providing affordable homes to the urban poor at low interest rates, the real estate industry terms the decison as a "milestone".
Jun 17, 2015, 21:50 PM IST
