PUNE: Real estate development along the Metro corridor is yet to gather momentum though 10 months have passed after the state government announced up to 4 floor space index (FSI) on the stretch. “Only two applications have so far been approved for allotting the additional FSI,” said Yuvraj Deshmukh, a […]
RBI Comes Up With Relief For Real Estate Sector
The Reserve Bank of India today announced some measures to boost the real estate sector. “It has been decided to permit extension of date of commencement of commercial operations (DCCO) of project loans for commercial real estate, delayed for reasons beyond the control of promoters, by another one year without […]
Four Factors That Might Ignite Buyers Zeal in Real Estate
The real estate sector, which accounts for the majority of the savings of Indian households, has been notorious for malpractices such as project delays, siphoning of investors’ money, changing the layout of the projects without the consent of homebuyers, increasing the prices arbitrarily and so on. However, given the fall in demand and […]
Anuj Puri is Puzzled by pointed Negligence of Real Estate in The Budget
The Budget’s almost pointed negligence of the real-estate sector was most puzzling, especially since the previous Budget had envisaged an ambitious blueprint for the country’s economic future, said Anuj Puri, Chairman of Anarock Group. “For realising the vision of making India a $5-trillion economy by FY24-25, the development and growth […]
Real Estate Will Gain Big Time With Finance Minister’s Budget
The nation’s real estate sector had high expectations from the Union Budget 2020. However, as always, only a few demands of the sector received the attention of the finance minister. With the government’s focus on ‘Affordable Housing’, the budget extended the additional deduction of up to Rs 1.5 lakh for […]