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Arun Developers, Pune

Arun Park, Opp. Aditya Birla Hospital,
Chinchwad, Pune - 411033

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Housing Sector Biggest Beneficiary Of Demonetisation: Venkaiah Naidu

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Housing sector is the biggest beneficiary of demonetisation as interest rates have fallen, Union Minister M Venkaiah Naidu on Friday said and expressed hope that Finance Minister will announce more incentives for the sector in the Budget on February 1.Taking a jibe on commentators who cast doubts on benefits to government from demonetisation as Rs ...
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Land, Real Estate Should Be Brought Under GST: Manish Sisodia

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Land and real estate should be brought within the Goods and Services Tax (GST) regime and consumer durables should be taxed at the lowest slab to make the new indirect tax regime consumer friendly, Delhi Deputy Chief Minister Manish Sisodia said today.The Minister assured industry chambers that he would take up the aforesaid issues in the forthcomi...
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Soon, You Will Get Lower Loan Rate With Home Cover

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Home buyers may soon get cheaper credit or more loans. All they need to opt for is property insurance.National Housing Bank, the regulator for housing-finance companies, is working on a broad framework with the Insurance Institute of India, which could reduce home loan rates by about half a percent if borrowers opt for an insurance cover, aimed at ...
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Tax Benefit To First-Time Home Buyers To Be A Game Changer: Nandita Chatterjee

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The government will give a benefit of 2.4 lakh to first-time home buyers with taxable income below Rs 18 lakh a year, which would be a game changer for the sector, Housing and Urban Poverty Alleviation Secretary Nandita Chatterjee said.The amount is equivalent to the total interest subsidy over a 20-year loan and will be given upfront to the h...
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CREDAI To Soon Launch 200 Housing Projects Across The Country

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Confederation of Real Estate Developers Associations of India (Credai) is to launch 200 housing projects across the country to contribute to PM Narendra Modi's target of providing houses to all by 2022, said its new chairman K Subba Raju.Addressing the media here on Monday, Subba Raju said the project will be launched by Union urban housing develop...
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Home Prices Across India On The Rise: RBI

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Real estate prices continued to grow steadily according to the latest installment of Reserve Bank of India's House Price Index (HPI).While the overall index sequentially rose 2.2% at the end of December 2016, almost seven of the ten cities tracked by RBI saw increase in price last year.The House Price Index, that measures price levels across the na...
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Why 2017 Is The Best Year To Buy Affordable Houses

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Over 1.66 crore applications for various credit linked subsidies for housing loans have been received through various channels by the government in the past few months. In a country where online internet penetration is a mere 37% overall and 62% urban, this data available with the Ministry of Housing and Urban Poverty Alleviation shows that digital...
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4 Reasons Why Residential Real Estate Prices Will Rise Post RERA

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RERA has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform 'code of conduct' for developers across various states. It seeks to reduce the volatility seen in the real estate sector in the past, and eliminate the trust deficit between the two primary industry stakeholders - builders a...
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Will GST Make Homes Expensive?

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Come July 1, under-construction projects will attract a goods and services tax (GST) rate of 12%. Amid all the hullabaloo over the unified tax regime in the country, speculation is rife on would it lead to a hike in property prices?The members of CREDAI (RNE) Raj Nagar Extension, believe that property prices will go up once the new tax regime kicks...
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Demand Pattern In Residential Real Estate Changed In 2017: Sunil Agarwal, RICS

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Sunil Agarwal, FRICS, Associate Dean and Director, School of Real Estate, RICS School of Built Environment, Amity UniversityIt has been an action packed year for the real estate sector. The year 2017, saw the implementation of two historic legislations, the Real Estate (Regulation and Development) Act, 2016 and Goods and Services Tax (GST), which w...
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