Recently announced Budget 2013-14 has proposed Rs.1L Deduction to the home buyers who will be buying their first home. Those who are preparing to own their first home will be glad to hear that they will be given Rs.1L as deduction in their interest. However the new proposal of Budget 2013 will be helping only […]
The Union Budget 2013-14 can be considered as a moderate one as it deals all the sectors moderately. The Union Budget 2013-14 was announced and presented in the parliament on Feb -28. Union Budget 2013-14 gave nothing superb to the common people. However the Budget 2013 -14 was presented in a way that it does […]
There were some who welcomed the proposals. Sachin Sandhir, MD, RICS South Asia felt it “exceeded expectations” given the pressures on the fiscal situation. Tata Housing MD and CEO Brotin Banerjee added, “Initiatives to make affordable housing available to a larger section of the society have only been met partially.” The top players in the […]
By skgupta
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Posted in Property News
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Also tagged builders, Chief of the Confederation of Real Estate Developers' Association of India (CREDAI), director, EWS (economically weaker section), exceeded expectations, external commercial borrowings (ECB), Gaurav Gupta, ground realty, Lalit Kumar Jain, LIG (low income group), MD, Omkar Realtors & Developers, RICS South Asia, Sachin Sandhir, Tata Housing MD and CEO Brotin Banerjee, Union Budget 2012-13
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April 14, 2010 – 10:24 am
Memorandum SubmissionApril 14, 2010 A memorandum has been submitted to the Finance Ministry concerned with the appeal for removal of service tax on housing complexes under construction by CREDAI, Confederation of Real Estate Developers’ Associations of India which is a real estate industry body. The Chairman of CREDAI, Kumar Gera stated that they have put […]
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Also tagged Abolishment, Budget, Confederation, Consultations, Credai, Developers, Imposition, India, Knowledge Partner, Kpmg, Memorandum, Pranab Mukherjee, Price Escalation, Proposal, Real Estate Development
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March 11, 2010 – 12:41 pm
tThe real estate sector got hit quite seriously by the budget details. Very intelligently the Budget bribed the home buyers in the form of interest rate subvention and tax savings. On the other hand service tax on lease rentals in the Finance Bill was also brought back. So, the builders decided to pass on the […]
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Also tagged bribe, budget details, completion deadline, dampener, disposable income, finance bill, himachal, Hotel Industry, Lakh, maximum tax, Real Estate Sector, Rs 50, rs 8, subvention, tax burden, tax reliefs, time relief, Tourism Sector, uttarakhand
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