The ‘wish list’ for Union Budget 2021 presented by real estate body NAREDCO, includes measures to combat the economic crisis and result in upward growth trend -: - Rationalization of Tax - Enhancing loan to value (LTV) ratio up to 90 per cent across the board for home loans for affordable hou... Read more...
Dr Niranjan Hiranandani, National President, NAREDCO and Managing Director, Hiranandani Group stated that, “The snowball effect of fiscal impetus has resulted in a positive forecast of India’s GDP growth. Indian real estate remains a predominant driver for employment after agriculture and has a... Read more...
Dr Niranjan Hiranandani, National President – NAREDCO The year 2020 has been unprecedented with the coronavirus pandemic dishing out a volley of challenges globally and India was no exception. The last quarter of FY 19-20 signalled a positive recovery trend in spite of economic slump due to a s... Read more...
"Finance Minister Nirmala Sitharaman's stimulus measures in terms of income tax relief for buyers and developers is very timely and will further boost the housing demand in the country. The additional outlay under PMAY will help the completion of stuck projects, create new jobs, and boost demand for... Read more...
Real estate developers' body NAREDCO on Wednesday said it has asked all its members in Uttar Pradesh to ensure installation of anti-smog guns at construction sites and adherence to rules on pollution control. The UP chapter of National Real Estate Development Council (NAREDCO) said it has around 250... Read more...
Realty+ Real Talk addressing honest views & opinions, facts & figures for the benefit of all the stakeholders of the industry Quoting Dr. Niranjan Hiranandani, Co-Founder & Managing Director, Hiranandani Communities, President, NAREDCO & ASSOCHAM “A waiver or 50% cut in GST for the... Read more...
Economic experts have welcomed the monetary policy of the Reserve Bank of India (RBI) announced. The Monetary Policy Committee (MPC) has chosen inflation as its priority and kept the key lending rates unchanged at four per cent and reverse repo rate unchanged at 3.35 per cent. Dr Niranjan Hiranan... Read more...
To facilitate and ease the process of safe home buying, the Ministry of Housing and Urban Affairs publicly launched “CREDAI Awaas App” and NAREDCO’s online portal “HousingforAll.com”. The initiative aims to provide a credible platform for prospective home buyers and help them interact with... Read more...
The new Consumer Protection Act that took effect from July 20 has changed the jurisdiction of the National Consumer Disputes Redressal Commission (NCDRC) to Rs 10 crore from the earlier Rs 1 crore. This means that only homebuyers who have paid an amount in excess of Rs 10 crore can file a case in th... Read more...
The Union Cabinet has approved development of Affordable Rental Housing Complex for migrant workers and urban poor as a sub-scheme under the Pradhan Mantri Awas Yojana. As part of the scheme, existing vacant government-funded housing complexes will be converted into Affordable Rental Housing Complex... Read more...