Budget expectations 2021: NAREDCO

20 Jan 2021 CW Staff

NAREDCO believes that rental housing will play a vital role in achieving the target of ‘Housing for All’ by 2022. Some of the salient points in NAREDCO’s recommendations resonate with that projection. They are as follows:

Grant tax incentives to boost the segment.
More measures to ease the liquidity situation in the long-subdued real estate segment, including the one-time roll-over of loans given to developers.
No rent to be taxed for the period up to five years from the end of the financial year in which the certificate of completion of construction of the property is obtained from the competent authority.
Restructuring of loans or one time roll-over in case of the stressed assets at the options of banks. In such cases, the borrower will retain the asset classification of the restructured standard accounts as standard and the same will not be treated as NPA.
Interest rates on home loans should be below 7% per annum.
Stamp duty rates to be reduced by 50 per cent for all the real estate transactions entered and agreements registered on or before 31 March 2020.
Relaxation to be sought in the definition of affordable housing. The Rs 45 lakh price cap for the classification of a property as affordable housing to be done away with as it keeps most of the projects in the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR) out of the ambit of “affordable housing”.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

In our CW Budget 2021 series, we cover expectations from associations that represent our industries. Here is a list of expectations from Budget 2021 from National Real Estate Development Council (NAREDCO), the autonomous self-regulatory body set up in 1998 under the Ministry of Housing and Urban Affairs, Government of India. NAREDCO believes that rental housing will play a vital role in achieving the target of ‘Housing for All’ by 2022. Some of the salient points in NAREDCO’s recommendations resonate with that projection. They are as follows: Grant tax incentives to boost the segment.More measures to ease the liquidity situation in the long-subdued real estate segment, including the one-time roll-over of loans given to developers. No rent to be taxed for the period up to five years from the end of the financial year in which the certificate of completion of construction of the property is obtained from the competent authority.Restructuring of loans or one time roll-over in case of the stressed assets at the options of banks. In such cases, the borrower will retain the asset classification of the restructured standard accounts as standard and the same will not be treated as NPA.Interest rates on home loans should be below 7% per annum.Stamp duty rates to be reduced by 50 per cent for all the real estate transactions entered and agreements registered on or before 31 March 2020. Relaxation to be sought in the definition of affordable housing. The Rs 45 lakh price cap for the classification of a property as affordable housing to be done away with as it keeps most of the projects in the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR) out of the ambit of “affordable housing”.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..