Tag: Budget 2013

Revised TDS on luxury apartments from June

Budget 2013 has proposed an increase in Tax deduction at source (TDS) rate by 1%. The revised TDS will be in force from June 2013. Slapping on the top earners, who demand for luxury housing units, Budget 2013 has proposed a revision of TDS by 1%. However the new revised TDS will be into force […]

Rs.1L Deduction in home loans may boost affordable housing demand

First time home buyers are given a reason to be happier and more cheerful now. They will be given an additional benefit of Rs.1 lakh deduction for the interest rates for their home loans up to Rs.25 lakh. Though the new proposal included in the budget 2013-14, it will be applicable only to the first […]

Budget 2013 presented: Where realty sector stands now?

The period, before the presentation of Budget 2013, was a period of expectations and promises. However most of the promises to the real estate sector were not included in the Budget 2013. Real estate sector had ‘invested’ a lot of hopes on the Union Budget 2013. The construction sector expected that the sector would be […]

Budget 2013: Home Buyers Look Ahead Hopefully

Once the Union Finance Minister has hinted on some special provisions for the affordable housing subdivision in the Budget 2013, home buyers look ahead with lot of hopes and dreams. Owning a home is always been a dream for everyone and in the same way they look at the yearly-budget for having some provisions that […]