luxury housing

CNBC Awaaz brings you expert advice on maximizing your property investments in location like Wakad, Navi Mumbai, Virar, Chembur etc. This week, viewers call in with questions on compensation from developer on delayed possession from our expert, Paresh karia, Director, Easy2ownEstate

CNBC Awaaz brings you expert advice on maximizing your property investments. This week, viewers call in with questions on the Pune property market for our expert, Paresh Karia,Director, Easy2ownEstate.

CNBC Awaaz brings you expert advice on maximizing your property investments. This week, viewers call in with questions on the Pune and Mumbai property market with Paresh Karia, Director Easy2ownestate

CNBC Awaaz brings you expert advice on maximizing your property investments. This week, viewers call in with questions on the Mumbai, Pune & Surat property market for our expert, Paresh karia Director Easy2ownestate

BUDGET 2013 & REAL ESTATE

Key proposals impacting the Real Estate Sector

Increase in tax exemption limit by 100,000 for interest on first home loan up to Rs. 25,00,000.
The demand for increasing the income tax exemption limit for Interest on housing loan has been growing over the last few years. …Read more

TDS @ 1% on transfer of immovable properties exceeding value of Rs. 50 lacs.
In order to curb black money in property transactions and also to bring them under tax net it is proposed to levy 1% TDS and sale of immovable properties exceeding value of Rs. 50 lacs. …Read more

Increase in service tax on luxury housing.
The rate of abetment on homes and flats above 2,000 sq. ft. carpet area or costing 1 crore or more has been reduced from 75% to 70%. …Read more

  • Rs. 2000 crore for Urban Housing Fund
  • Increase allocation to Rural Housing fund from Rs. 4,000 Crs. to Rs. 6,000 Crs.

Boost to Infrastructure

  • Rs.50,000 Crs Tax free bonds
  • Industrial Corridors
  • Road network & Regulatory authority
  • Railway Budget