Sobha Group, the leading premium real estate developer, has announced that 70 per cent of Phase-1 and 2 in its Sobha Hartland in Dubai has been sold out. Hartland Greens are spacious, luxurious and exclusive low rise apartment buildings located on the Dubai Water Canal. It is part of an 8 million sq ft resort-style luxury housing project with unrivalled city side, waterfront living and 30 per cent green space right in the epicenter of Dubai.
In recent years, for individual home buyers, prices have continued to increase by approximately 7-10 per cent per year. From our perspective, we would like to see the government increase the income tax benefits to this group of home buyers.
Prime Minister Narendra Modi recently announced the demonetisation of existing notes of Rs 500 and Rs 1,000 in India, effective from November 9, 2016. This move will prompt people to shift to electronic transactions and the use of plastic money will increase.