Housing Ministry Likely to Increase Subsidy on Homes for EWS

Ever since the NDA government came into power, affordable housing has been the prime topic in the Indian Real Estate Market. Many policies were launched and regulations were formulated to support the people in buying their dream homes. Another important step has been recently taken in this direction. The housing ministry intimated that it would increase the interest subsidy on the homes meant for the low income group and the Economically Weaker Section (EWS).

According to the reports of the Economic Times, an informal group of minister suggested this change while they were contemplating over the ‘Housing for All’ scheme one more time. It is also believed that one of the ministers from the group also suggested zero percent subsidy on these houses. The committee also said that the homes for EWS category should not be worth more than 5 lakh rupees. This will help people from all sections of the society in buying a dream home for themselves. [Read more...]

Budget Fiesta Noida 24th May-2015 – Investors Clinic

Budget Fiesta Noida 24th May-2015 – Investors Clinic :

Investors Clinic presents “Budget Fiesta”

More than 50 options of properties in less than 50 Lacs from all leading developers.

Venue : Hotel Radisson Blue, Noida.

Date : Sunday, 24th May 2015.

Time : 10 am to 7 pm

budgetfiesta Budget Fiesta Noida 24th May 2015   Investors Clinic

Bengaluru Ranks First in The List of Top 14 Real Estate Destinations in India

In the revised list of top 14 real estate destinations in India, Bengaluru has reached the number one rank leaving Mumbai and NCR behind. The study was conducted by the real estate data and analytics platform PropEquity and is based on several parameters including supply, demands, completion delays, inventory overhang, market size, etc.

After checking the top real estate markets on the above parameters, Bengaluru has been witnessed as the top market. Mumbai ranked first on the same parameters five years ago which has now slipped down to 8th position. The real estate market of Gurgaon is on the 10th position due to several negative factors such as construction delays and the high cost of residential and commercial properties. The 11th, 12th, 13th and 14th positions are occupied by Noida, Ghaziabad, Greater Noida and Faridabad respectively. [Read more...]

Get Home Insurance for Only Rs 6-12 Per Day

Most of us are averse about making an additional investment for home insurance after paying a significant amount as the cost of the home. But after the major destruction caused by the earthquake in Nepal, we are forced to reflect over the tremor bearing capacity of our homes. However, what most of us don’t realize is that the cost of insuring our home is much lesser than we think.

Home insurance does not cover the value of the building but the cost of rebuilding it in case of any casualties. It is as low as Rs 1,800 per square feet for a simpler structure and Rs 3,500 per square feet for a complicated construction. According to a report by Economic Times, a house destroyed by earthquake can be rebuilt at only Rs 6-12 per day. [Read more...]

Changes in ITR Form to Curb Black Money Transactions and Tax Evasion

The change in ITR forms brought forward by the Income Tax Department for this assessment year received outrageous responses from the taxpayers. Since it requires the taxpayers to furnish extensive details about their finances, they found the new format to be unnecessarily complicated and backward-looking. However, the income tax department opines that this would help in curbing tax evasion and transactions in black money.

One of the clauses that the taxpayers found troublesome is about foreign trips. Now along with domestic assessees foreign nationals will also have to furnish complete details about their foreign trips. They also need to differentiate business expenses from the personal ones. Taxpayers find the clause to be unreasonable as there are numerous personal expenses during a trip and it is almost impossible to keep track of petty transactions. [Read more...]

Real Estate Bill to be referred to the Select Committee on Wednesday

Much debate was seen over the Real Estate (Regulation and Development) Bill over the past few days. Congress party’s newly invigorated Vice President Rahul Gandhi strongly opposes the deal as he says that the Bharatiya Janata Party (BJP) is amending it only in favor of the builders. He considers it to be anti homebuyer and highly favors the builders. Rahul Gandhi also pulled out a last minute homebuyers protest on Monday.

The Rajya Sabha said that it would refer the bill to the select committee for discussion on Wednesday. The government also urged Rahul Gandhi to thoroughly study the proposed amendments before opposing it and starting a protest against it. But with the opposition gaining more power by the day, the House is trying to bring in more parties to support the bill so that they can pass it. [Read more...]