02ND TO 04TH FEBRUARY 2020

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MCHI NEWS

     

Builders say no measures to revive real estate sector

Publication: HINDUSTAN TIMES Date : 02 FEBRUARY 2020
The city’s real estate sector, which is facing a major slowdown, has expressed disappointment over the Union Budget.
     

Union Budget 2020: Not enough to boost crawling real estate, say developers in Maharashtra

Publication: THE INDIAN EXPRESS Date : 02 FEBRUARY 2020
The Union Budget announced by Finance Minister Nirmala Sitharaman on Saturday failed to keep up with the aspirations of the real estate industry, which is facing a huge demand slowdown and sluggish housing sales.
     

Union Budget 2020: Not enough to boost crawling real estate, say developers in Maharashtra

Publication: YAHOO Date : 02 FEBRUARY 2020
The Union Budget announced by Finance Minister Nirmala Sitharaman on Saturday failed to keep up with the aspirations of the real estate industry, which is facing a huge demand slowdown and sluggish housing sales.
     

घरखरेदीवर 'मेट्रो'चा भार

Publication: महाराष्ट्र टाइम्स Date : 02 FEBRUARY 2020
सरकारी निर्णयाची ३० जानेवारीपासून अंमलबजावणी - मुद्रांक शुल्कवाढीमुळे तिन्ही शहरांतील घरे महागणार - बिल्डरांवरील २ टक्क्यांसह ग्राहकांवर ३ टक्के बोजा

REALTY NEWS

     

Budget 2020: Real estate sector urges govt to provide infra status; boost demand to address liquidity, stress issues

Publication: FIRST POST Date : 02 FEBRUARY 2020
Some of the key expectations from the government for the sector are to improve liquidity, balance fiscal discipline with stimulus, and expedite resolution of stressed projects. The expectation that the real estate sector will contribute 13-14 percent to the nation's GDP by 2025 can materialise if the requisite support to this sector is extended starting this Budget
     

Budget 2020 has no bearing on real estate, focus continues on infrastructure, say experts

Publication: MONEY CONTROL Date : 02 FEBRUARY 2020
The government renewed its commitment to affordable housing by extending the tax holiday by a year, but the Budget offered little to resolve the liquidity crunch facing the housing sector nor did it make loans attractive, which could have boosted homebuyers' sentiment.
     

Cheap homes stay cheap, but realty gets no real push

Publication: TIMES OF INDIA Date : 02 FEBRUARY 2020
The stagnant property market has little to cheer, except extension of tax sops for affordable homes. The additional deduction of up to Rs 1.5 lakh for interest paid on loans taken for purchase of affordable homes has now been extended till March 31, 2021.
     

Budget 2020 silent on key demands from real estate sector

Publication: FINANCIAL EXPRESS Date : 03 FEBRUARY 2020
Budget 2020-21: The Budget has proposed to extend the additional Rs 1.5-lakh tax benefit on interest paid on affordable housing loans to March 2021. Besides, it has also proposed to extend by one year the date of approval of affordable housing projects for availing of tax holiday on profits earned by builders.
     

Sales of ready  homes  key  for  builders  to  tide over  cash  crunch

Publication: MINT Date : 03 FEBRUARY 2020
Selling ready homes will be key for builders with unsold inventory as industry plods through a multi-year slowdown. Prices of residential apartments have remained stagnant for long, even declining in many cities
     

‘States need to boost ease of doing biz’

Publication: TIMES OF INDIA Date : 03 FEBRUARY 2020
New Delhi: State governments will now have to accelerate their move on ease of doing business to remove bottlenecks for investors and the taxpayer charter will help instil confidence and end harassment, a top official said on Sunday.
     

Path cleared for Pallonji firm to work on SoBo’s priciest SRA project

Publication: TIMES OF INDIA Date : 04 FEBRUARY 2020
Mumbai: Three years after the SC paved the way for authorities to approve one of the most valuable slum redevelopment projects at Cuffe Parade in south Mumbai, the apex grievance redressal committee under the Slums Act on Monday upheld the initial permissions granted to real estate giant Shapoorji Pallonji’s wholly owned subsidiary,

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