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Union Budget 2021: India's realty sector nearly cripples for want of liquidity as FM spurs hope


The real estate industry, passing through a protracted recession even before the pandemic which worsened it manifold
FP Staff
February 03, 2021 22:05:49 IST
The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. These initiatives will put more money in buyers’ and developers hands, stoking the revival in the sector. ....

Milind Korde , Alok Saraf , Ananta Landwise , Rohan Khatau , Murali Malayappan , Navin Makhija , Kashish Bhutani , Abhishek Bansal , Ashok Mohanani , Shishir Baijal , T Chitty Babu , Anand Shukla , Uddhav Poddar , Krish Raveshia , Ashish Deora , Abhishek Jain , Rohit Gupta , Chintan Sheth , Reeza Sebastian , Farshid Cooper , Pacific Group Of Malls , Bhumika Group , Satellite Developers , Ashwin Sheth Group , Union Budget , Bhutani Group ,

Union Budget 2021: Realty sector wants finance minister to accord long-awaited industry status


Union Budget 2021: Realty sector wants finance minister to accord long-awaited industry status
The last few years have witnessed a major downfall in the real estate sector owing to demonisation, GST, RERA, NBFC crisis, says Sanjay Daga, COO, Runwal
FP Staff
January 31, 2021 19:39:28 IST
Expectations rise for real estate sector ahead of budget.
The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. These initiatives will put more money in buyers’ and developers hands, stoking the ....

Andhra Pradesh , Sagar Saxena , Milind Korde , Bhushan Nemlekar , Ajay Kapoor , Alok Saraf , Ananta Landwise , Rohan Khatau , Murali Malayappan , Navin Makhija , Kashish Bhutani , Abhishek Bansal , Ashok Mohanani , Shishir Baijal , T Chitty Babu , Sripad Nandiraj , Neetish Sarda , Anand Shukla , Uddhav Poddar , Krish Raveshia , Ashish Deora , Abhishek Jain , Amit Agarwal , Rohit Gupta , Pradeep Misra , Chintan Sheth ,

Realtors await sector-specific budget announcement


New Delhi [India], January 29 (ANI/NewsVoir): In order to streamline the industry and provide liquidity alternatives for stalled projects, the government made a range of announcements and initiatives during 2020; the sector now has high hopes for the upcoming budget. The government should take last year s thought and action to come up with announcements that can be enforced in the short term.
The first and foremost need is to see that the process of permissions gets resolved through single window clearance, a demand that has been there for quite some time. Authorities responsible for giving permissions can also be brought under the ambit of RERA to make sure that the permissions do not take much time; this step can be an option if single-window clearance is not announced. We all know that government is promoting Housing for All and for it to become a reality it is important to ease out the cost burden on real estate by controlling the cost of construction; the Budget must hav ....

Uttar Pradesh , New Delhi , Sagar Saxena , Achal Raina , Kashish Bhutani , Uddhav Poddar , Abhishek Bansal , Pacific Group Of Malls , Raheja Developers , Bhumika Group , Bhutani Group , Input Tax Credit , Stamp Duty , Executive Director , Pacific Group , Tenancy Law , Project Head , உத்தர் பிரதேஷ் , புதியது டெல்ஹி , சாகர் சகஷெண , அச்சால் ரான , ஆஷிஷ் பூட்டானி , உத்தவ் போட்தர் , அபிஷேக் பன்சால் , பெஸிஃபிக் குழு ஆஃப் மால்கள் , ராதிேஜா டெவலப்பர்கள் ,