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NARDECO
Silence over sops for middle-income housing surprises real estate sectorIn a bid to boost demand for real estate and construction activity, the government had extended the benefit of the Credit Linked Subsidy Sc...- Housing Minister Hardeep Singh Puri coaxes realtors to offload unsold inventoryFor the last few months, realty developers have been offering discounts and various incentives including financial subvention schemes on un...
- Stuck realty projects won’t benefit from tax relief: Industry groupsIndustry lobby groups Naredco and Credai said a one-time loan restructuring and a simpler process to avail of last-mile funding would help ...
- 2.5 lakh Uttar Pradesh labourers to be absorbed across various realty projects in state: NAREDCOA memorandum of understanding (MoU) was signed by NAREDCO-UP in the presence of Chief Minister Yogi Adityanath.There are 250 developer memb...
- Uttar Pradesh govt inks MOUs with industry bodies for 11 lakh jobs to migrant workersThe Federation of Indian Chamber of Commerce and Industry (FICCI) and Indian Industries Association (IIA) accounted for three lakh jobs eac...
- Banks now wary of lending to office realty developersLenders have become selective in choosing projects. They have added extra layers of security by seeking additional documents and collateral...
- Realty market sentiments sink to demonetisation period levelEchoing the sentiment of the economy, a survey by Ficci, Nardeco & Knight Frank points out that the real estate sector has fallen to the le...
- Market Movers: What changed for D-Street while you were sleepingHere is breaking down the pre-market actions.
- Outlook for realty plunges to 21-month low in June quarterAccording to the Real Estate Sentiment Index Q2 2019 survey, the future sentiment score during the quarter stood at 47.
- NAREDCO calls for boost to rental housing in upcoming budgetNARDECO has suggested that a 10-year tax holiday be given to real estate developers on profits earned from rental housing.
- Realtors seek clarity on GST exemption on development rightsRealtors’ body, NAREDCO, has written to the Ministry of Housing and Urban Affairs seeking clarity on this.
- Real estate outlook: Wait and watch for next 6 months, says surveyWestern zone is the most optimistic. Offices face slack supply, continued demand. There is optimism for the future, but the sentiment has d...
- Realtors demand single window clearance systemGovernment should bring in single window approval system for project development and real estate regulatory law for better governance of th...
- Interest subsidy for low-cost housing to be hiked up to 5%Finance secretary G S Sandhu said that the government would shortly announce enhanced subvention for affordable home loans.
- Government to raise 5 per cent interest subvention scheme by 5-fold for poorThe government shares the interest burden on a loan for the particular target segment and such schemes exist of a slew of sectors, includin...
- Government orders forensic audit on OBC, Dena Bank for Rs 436 crore scamThe lenders are alleged to have indulged in siphoning off the money (Rs 180 crore by OBC and Rs 256 crore by Dena Bank) received as fixed d...
- 'Land, quick approvals necessary for low-cost housing projects'Government needs to ensure availability of land and speedy approvals for effective implementation of low-cost housing projects, real estate...
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