Tag: Union Budget 2012-13

Realty Sector faces Disappointment.

March 19, 2012 – 12:57 pm

The Union Budget 2012-13 on Friday proposed allowing external commercial borrowing for low cost affordable housing projects. Presenting the Budget in the Lok Sabha, the Finance Minister, Mr Pranabh Mukherjee, also proposed setting up of a Credit Guarantee Trust Fund to ensure better flow of institutional credit for housing loans. The Minister also proposed to […]

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Union Budget 2012-13: Builders say that Finance Minister has ignored ground realty.

March 17, 2012 – 4:41 pm

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 […]

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Real Estate Sector expects Industry status and affordable housing from the Union Budget 2012-13.

March 16, 2012 – 6:19 pm

Finance Minister Pranab Mukherjee going to present the Union Budget 2012 which is expected to provide relief in terms of policy reforms with the real estate sector of the economy coming under repeated credit pressures owing to high interest rates for borrowing. Experts say that the real estate sector needs government support as well as further stimulus […]

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Union Budget 2012-13 with the Pros and Cons for every sector.

March 16, 2012 – 6:17 pm

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 some significance. Although, […]

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