States like Maharashtra and Karnataka have already taken these measures, the CREDAI members said.
NAREDCO chairman Rajeev Talwar said on Thursday that interest on housing loans should be fully allowed under Income Tax Deduction without any ceiling.
Realtors, who were dependent on the IT revolution, are now planning on riding the crest of the manufacturing revolution.
Ficci’s Real Estate Committee on Friday said that the real estate sector desires a similar move to be implemented in other states as well.
The impact on the already launched projects is somewhat less clear as at least a part of the premium would have been already paid.
According to another realtor, who has been in the business for more than two decades, unsold inventory in Vijayawada and Guntur is expected to get cleared in 2021-22.
December saw a record number of property registrations — 3.84 lakh against the 1.25 lakh the previous year — in the state.
It was a year of survival for the real estate sector which was struggling to come to terms after the 2015 floods.
DLF Cyber City Developers has entered into a securities purchase agreement with funds managed by Hines for acquisition of their stake in Fairleaf Real Estate.
Realty sector sinks deeper into crisis this year; builders look to 2021 with hopes of demand revival
Only in October did the property market start seeing some traction, driven by pent up as well as fresh festive demand that got further consolidated towards trusted developers.
“All this will be ready before the first flight takes off which is expected in December 2023 or January 2024,” Singh said.
Developer hoodwinks owners handing over homes after 5 years
The secretary will have to refer to the authority any complaint, including non-availability of civic amenities and issuing directions to the promoter to complete the project.
Chief Minister on Thursday, had said that if Hyderabad needed another airport at some point in future, it would come up in Shameerpet.
Several streets in Thalambur went under water and remained that way for over 12 days, forcing people living in large apartment complexes and houses to remain indoors.