Union Budget 2012-13. Archives - India Real Estate Monitor

Tag: Union Budget 2012-13.

Union Budget 2012-13: It will cost more to Buy or Build a House.

March 17, 2012 – 6:15 pm

As per the budget proposal, the threshold will be over Rs 50 lakh an urban areas and Rs 20 lakh elsewhere. Also the TDS at the rate of 1 per cent on transfer of immovable property (other than agricultural land) above a specified threshold will also add to the cost of buying a house. Cement […]

By skgupta | Posted in Property News | Also tagged a Realty consultant, affordable housing segment, Application of TDS, budget proposal, Buy or Build a House, Cement and steel manufacturers, Chairman Pradeep Jain, Confederation of Real Estate Developers' Association of India (CREDAI), DTZ, exempted from service tax, Jones Lang LaSalle India Chairman and Country Head Anuj Puri, Realty players, TDS, transfer of immovable property | Comments (0)

Union Budget 2012-13: Ground Realty ignored by Pranab Mukherjee.

March 17, 2012 – 4:40 pm

The top players in the realty sector said they had been ignored by the finance minister. Gaurav Gupta, director, Omkar Realtors & Developers commented that the realty sector had got nothing to boost market and customer sentiments. “There are no indications of this sector being granted the status of an industry, which it much deserves. […]

By skgupta | Posted in Property News | Also tagged Chief of the Confederation of Real Estate Developers' Association of India (CREDAI), director, EWS (economically weaker section), exceeded expectations, external commercial borrowings (ECB), Finance Minister, Gaurav Gupta, Ground Realty, Kumar Urban Development Ltd, Lalit Kumar Jain, MD, Omkar Realtors & Developers, Pranab Mukherjee, RICS South Asia, Sachin Sandhir, Tata Housing MD and CEO Brotin Banerjee, top players | Comments (0)

Pros and Cons of the Union Budget 2012-13.

March 16, 2012 – 6:18 pm

Beginning with the Budget 2012, it is difficult to see the raising of the personal income tax exemption limit from Rs 1.8 lakh to Rs. 2 lakh as anything more than tokenism. It is certainly not relevant for the aspiring Indian middle-class home buyer. The expected exemption limit of Rs. 3 lakh would have had […]

By skgupta | Posted in Property News | Also tagged 1% tax rebate for home loans, Aunj Puri, Budget 2012, Capital Gains Tax, Chairman & Country Head, Indian middle-class home buyer, Jones Lang LaSalle India, personal income tax exemption limit, Pros and Cons, service tax rate, significant foreign capital inflows | Comments (0)

Real Estate Industry demands, Home Loan Rate should Be Restructured.

March 16, 2012 – 6:18 pm

As the speculations about the Union Budget 2012-13 already doing the rounds, city’s real estate industry also has expressed its expectations. Mainly revolving around increased subsidy on interest rate for loans towards affordable housing and industry status for taxation and construction and relaxation of FDI up to 51 per cent into multi-branding, the industry is […]

By skgupta | Posted in Property News | Also tagged Bangalore, CEO of Vakil Housing Development Corporation Limited, chairman and MD of Synergy Property Developments Services., favourable budget, FDI, H R Girish, highs and lows in 2011, Home Loan Rate, president of CREDAI, RBI’s intervention, Real Estate Industry, Sankey Prasad, Sushil Mantri | Comments (0)