India Real Estate Latest Trends | Overview | Growth | Investments

August 9, 2021
2 years, 37 Lakh Homes: Still Counting under PMAY-Urban

The Government on Wednesday said that they are working to boost affordable housing in the country by providing additional tax benefits of INR 1.5 lakh on home loans. Also, tax deduction of INR 2 Lakh for affordable housing, 100 percent deduction of tax on profits for construction of affordable housing projects under section 80-IBA of the Income tax Act till 31st March 2022 has also been levied, which will widen the scope of Section 80-IBA from 30-60 sq. meters in metro and 60-90 sq. meters in non-metro cities. They are also providing infrastructure status to affordable housing to enable cheaper loans.

The Government is giving provision of reduction on GST on under-construction affordable housing projects from 8 to 1 percent without Input Tax Credit increase in priority sector lending from INR 28 lakh to 35 Lakh in metros and from INR 20 to 25 Lakh in Non-metros with setting up of Affordable Housing Fund in National Housing Bank.

In a discussion in the Upper House Minister of Housing and Urban Affairs (MoHUA) Kaushal Kishore said, ‘during the last two years, under the PMAY-U, 37.57 Lakh houses were sanctioned for EWS under three verticals in situ Slum Redevelopment Affordable Housing in Partnership (AHP) and Beneficiary Led individual house Construction or Enhancement (BLC) of which 28.99 lakh have been grounded for construction and 18.50 Lakh houses have been completed”.

Future Horizons: Indian Real Estate Sector’s Path to a $1.3 Trillion Market by 2034

The real estate sector in India is not just a behemoth in terms of market size but also a key driver of economic growth and prosperity. The sector is on a trajectory to reach unprecedented heights, with estimations projecting a market size of USD 1.3 trillion by 2034 and a staggering USD 5.17 trillion by 2047. Current Market Landscape: As of now, the Indian real estate market commands a market size of Rs 24 lakh crore, roughly translating to around USD 300 billion. This co

Revolutionising Connectivity: The Dwarka Expressway Revolution

In a major stride towards enhancing transportation infrastructure, Prime Minister Narendra Modi recently inaugurated the Haryana section of the Dwarka Expressway in Gurugram. With an estimated cost of Rs. 4,100 crore, this expressway is set to transform travel for commuters and significantly reshape the real estate landscape in the Delhi-Gurugram corridor. Transforming Travel: A Gateway to Efficient Transportation - The Dwarka Expressway, spanning 19 kilometres in Haryana, of

India’s Real Estate Renaissance: A New Dawn in FY 2024-25

India's real estate sector is on the brink of a transformative era, heralding a renaissance that promises to redefine the landscape of urban living and commercial spaces. As we look towards FY2024-25, the confluence of economic growth, technological advancements, and proactive government policies is setting the stage for an unprecedented boom in both residential and commercial real estate markets. Let's delve into the dynamics propelling this renaissance and explore the multifaceted growth antic