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1.House of Hiranandani eyes NCR to start its project

Surendra Hiranandani promoted House of Hiranandani is eyeing Delhi-NCR as its next destination to start residential project, besides looking at expanding its footprints to satellite cities such as Hyderabad and Pune.

2.Surendra Hiranandani, Chairman & Managing Director - House of Hiranandani

The government has taken positive steps with the announcement of smart cities, increase in FDI and “Housing for All-2022” that have boosted the sentiments of both buyers and developers.

3.Real Estate Bill Approved

Several amendments to the Real Estate (Regulation and Development) Bill, 2015, suggested by the select committee of Rajya Sabha, have now been accepted by the Union Cabinet.

4.RBI Governor maintains status quo on key rates at monitoring policy review meeting

The Monetary Policy Committee (MPC) review meeting has concluded, announcing no policy rate change (repo rate stays at 6.25 per cent, the reverse repo rate at 6 per cent, and marginal standing facility rate at 6.5 per cent). It maintained its neutral monetary policy stance, but significantly softened its tone on inflation. Five out of six members were in favour of the monetary policy decision.

5.The government should redefine affordable housing clearly keeping in view the different geographies in India

I would term it as a reform oriented Budget, where the expenditure was well directed towards economic growth and development, especially in the rural areas. It also reflected the government’s concern and priority to improve the investment climate with a view to stimulate growth. The massive push for improvement in infrastructure including record capital expenditure for roads, railways will indirectly benefit the real estate sector in the long run.

6.One year of demonetisation: The struggle for reforms

Demonetisation was undoubtedly a landmark event in the history of our economy. The aim of demonetisation was to curb the use of black money, but the cash crunch it caused contributed to significantly lower real GDP growth in the subsequent quarter

7.The intent of GST is not to reduce real estate prices, says Surendra Hiranandani, CMD House of Hiranandani

Goods and Service Tax (GST) is a forward-looking tax reform on part of the government. There is no doubt that it will be a game-changer for the Indian industry, bringing in a more comprehensive and uniform tax structure that will ensure greater transparency in the economy.

8.Is there a clear roadmap for the success of Housing for All by 2022?

The recent move by the government of introducing eight public private partnership (PPP) models to promote private investments in affordable housing will act as a perfect catalyst to its vision of ‘Housing for All by 2022’. However, the success of this policy will clearly depend on the proactive involvement of various stakeholders operating with a clear road map of roles and responsibilities.

9.Budget Reactions | Real Estate

The government’s move to promote affordable housing by setting up a special fund is welcome. It will boost buyers’ sentiments and help revive the real estate market. We expected the government to give industry status to real estate sector, though its efforts to support infrastructural development is laudable.

10.No impact on property prices post GST, says Surendra Hiranandani, CMD, House of Hiranandani

The government’s GST initiative over the past year has helped streamline the tax administration by bringing more transparency in our taxation system. As expected with any game-changer of this magnitude, the initial few months were fairly disruptive not only for the industry, but for the consumers as well as government authorities.

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