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Ajay Maken, the Union Minister of Housing and Poverty Alleviation has made an appeal to the Reserve Bank of India (RBI) for restructuring of loans for affordable housing in case the project is delayed due to extraneous reasons beyond the control of the developer. The Union Finance Minister P Chidambaram has also joined Maken to make the appeal to the RBI.
India's real estate players are hoping that the Union Finance Minister's budget provisions, to be announced on February 28, will bring down the costs of finance for the construction sector, which they insist will play a major role in offering lower rates for their product.
The Finance Minister P Chidambaram has asked South Korean companies to take advantage of the investment opportunities in the Indian infrastructure sector. The measures being undertaken by the government to improve investment climate include liberalisation in the FDI regime, promotion of exports, banking reforms, deepening of financial markets and fiscal consolidation. Contact: Ministry of Finance.
The budget presented by Finance Minister Arun Jaitley has not made any comprehensive announcements about the ports.
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 in India.
The Finance Minister’s fifth Union Budget on February 1, 2018, was probably one of the most closely-followed events for the Indian business community.
The interim budget drew emphasis on farmers, tax payers & infra development
GST rate cut or not, GST-exempt ready-to-move draws maximum sales....
