. Not much benefit for Income Tax payers, as hyped up by the media. I personally feel that RE market is gonna go down further. Pls share your thoughts.Disapponting budget for Real Estate market
Disapponting budget for Real Estate market
Looks like budget did not do anything for the betterment of infrastructure/real estate market. A bad sign for potential sellers . Not much benefit for Income Tax payers, as hyped up by the media. I personally feel that RE market is gonna go down further. Pls share your thoughts.
. Not much benefit for Income Tax payers, as hyped up by the media. I personally feel that RE market is gonna go down further. Pls share your thoughts.Re: Disapponting budget for Real Estate market
Budget has not done anything for RE. So Builders have no option but to reduce the price to start selling .......
Re: Disapponting budget for Real Estate market
Finance Minister has done a great job by discarding RE tycoons demands. Govt has done enough by bringing down the Interest Rates, Taken Up many Infrastructure Jobs within its available resources and also given many sops for Commodity markets.
Still RE Developers have not come down from their Greedy line and awaiting for their chance to loot the buyers. Let them experience the reality for some more time.
Still RE Developers have not come down from their Greedy line and awaiting for their chance to loot the buyers. Let them experience the reality for some more time.
Re: Disapponting budget for Real Estate market
Yes the Housing Sector is really disappointed have a look at the link below.
http://www.indianrealtynews.com/real-es ... #more-2843
Good news for the buyers as the rates are reducing every 2 months.
Sharan
http://www.indianrealtynews.com/real-es ... #more-2843
Good news for the buyers as the rates are reducing every 2 months.
Sharan
Re: Disapponting budget for Real Estate market
There is some happy news for economy budget lovers. Govt is going to give 1% interest subsity for the loans upto 20 lakhs. So the developers will play new role by calling Low cost housing by reducing the built-up area and poor quality consutruction to match the 20 lakh limit or they show upto 20 Lakhs on papers and rest on cash transaction.
Be sensitive to new ventures.
Be sensitive to new ventures.
Re: Disapponting budget for Real Estate market
I guess the subsidy is for loans upto 10Lakhs with the total project value not exceeding double of it ie 20 Lakhs...
http://economictimes.indiatimes.com/Mar ... 829553.cms
http://economictimes.indiatimes.com/Mar ... 829553.cms
Re: Disapponting budget for Real Estate market
Friends,
The new tax code to be effective from 2011 has removed all the tax benefits on the home loans for the tax payers. This will have long lasting effect on the housing sector. The resale and the present value of houses / plots will be going down further.
It is back to old days where the increment on house value will be slow. Also for all of us who thought that the value will be high during our retirement time and we can rely on this income as pension has to rethink seriousely.
do post your comments..
Regards,
The new tax code to be effective from 2011 has removed all the tax benefits on the home loans for the tax payers. This will have long lasting effect on the housing sector. The resale and the present value of houses / plots will be going down further.
It is back to old days where the increment on house value will be slow. Also for all of us who thought that the value will be high during our retirement time and we can rely on this income as pension has to rethink seriousely.
do post your comments..
Regards,