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Low home loan interest rate regime to continue: Realtors on RBI policy

Read more about Low home loan interest rate regime to continue: Realtors on RBI policy on Business Standard. The industry hailed the RBI s decision to keep policy rates unchanged ....

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Demand for affordable housing to rise on extension of tax sops: Realtors

The government s decision to extend additional tax deduction of Rs 1.5 lakh on home loan interest till March 2022 and tax holidays on affordable housing projects in the Budget will boost demand for residential properties, according to real estate developers and consultants.
However, builders were disappointed as the finance minister did not consider many demands, including industry/infrastructure status, single-window approval for projects, input tax credit on GST and extra allocation in stress fund.
The chairman of realtors apex body CREDAI, Jaxay Shah, said this will boost overall demand for affordable housing, the fastest growing segment for the real estate sector.
The proposed amendments to allow debt funding through REITs would help in attracting more investments in real estate sector, CREDAI President Satish Magar said, adding that the proposal to make dividend payments to REIT exempt from TDS would encourage retail investors to explore investment opportunit ....

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Housing sales recover in Oct-Dec from previous quarter; industry expects momentum to continue

Housing sales recover in Oct-Dec from previous quarter; industry expects momentum to continue
PTI
New Delhi: India’s residential real estate market seems to have bottomed out in 2020 and sales momentum that picked up during October-December is likely to continue through the next year to reach pre-COVID level or even surpass it provided there are no further unforeseen negative events, according to top property developers and consultants.
The prevailing low-interest rates on home loans, stagnant housing prices, discounts, attractive payment plans, the stamp duty cut by some States, and increased importance of homeownership amid pandemic are some of the factors that will drive sales during the next year, they added. ....

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