Budget 2021: Some hits, some misses for residential real estate ANI | Updated: Feb 03, 2021 18:26 IST
New Delhi [India], February 3 (ANI/NewsVoir): The Union Budget brought with itself a mixed of goodies for the residential real estate industry, delighting some segments of the sector while disappointing quite a few others. Finance Minister Nirmala Sitharaman provided the much required succour to the affordable housing segment but leaving luxury and other categories high and dry.
Sitharaman has extended the additional Rs 1.5 lakh tax deduction on the home loan interest till end of March 2022. This measure is expected to help the real estate developers who are engaged in affordable housing to sell more and recover from the pandemic with greater vitality. But some of the other categories of residential real estate like luxury homes or even houses costing upwards of Rs 45 lakh but less than 1 crore (homes costing up to Rs 45 lakh are defined at a
Wellness projects to redefine luxury housing in 2021 ANI | Updated: Feb 01, 2021 12:40 IST
New Delhi [India], February 1 (ANI/NewsVoir): India s real estate sector witnessed a change of perception of living after the pandemic struck globally; the sector rose up to the occasion and came up with projects that are changing the way people live.
Things took a radically different turn as people moved closer to wellness projects. People have begun to understand the value of safe living, immunity, and are falling back on many age-old social standards, including living king-size lives where you have space to comfortably go through everyday chores. There is a rising demand for projects offering less cluttered and organic living.