Tag: housing sector

New Projects Delayed, Buyers Fear Price Escalation

May 22, 2013 – 7:10 pm

As against the expected delivery time, a good number of new projects face delay of completion. Most of the projects have not yet completed even half of the development –work. Here is a piece of bad news for the prospective buyers. They will have to wait longer for shifting their addresses to new homes. Property […]

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Revised TDS on luxury apartments from June

March 18, 2013 – 6:18 pm

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 […]

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Mid segment housing will pick up, expects industry

March 13, 2013 – 6:57 pm

Along with the growth of affordable and luxury housing segments, mid segment housing also will be picking up in the year 2013, predicted industry experts. Mid segment housing is one of the fast growing housing segments, say industry experts. Nearly a half of the population falls in the mid income segment and so there will […]

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Housing Shortage Will Hit India, Knight Frank Predicts

March 7, 2013 – 6:57 pm

India is predicted to face severe housing shortage. According to the global real estate consultant firm Knight Frank, housing shortage will be one of the main problems India will have to handle in the near future. By the year 2031 the population, residing in the top Indian cities, will be over 600 million. The government […]

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

March 5, 2013 – 7:23 pm

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 […]

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Infrastructure Status to Be Conferred On Housing Sector

February 22, 2013 – 7:40 pm

With the aim to provide more affordable homes to the people the union government plans to confer infrastructure status to the housing sector. The coming budget is believed to confer infrastructure status on housing sector. The budget session will also have the plan to implement the regulatory bill as well. Conferring infrastructure status to the […]

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